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Evidence Guide: PSPGEN038 - Identify and treat risks

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

PSPGEN038 - Identify and treat risks

What evidence can you provide to prove your understanding of each of the following citeria?

Establish the risk context

  1. Establish the nature and extent of the work activity within the broader organisational context.
  2. Identify and document outcomes to be achieved.
  3. Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.
  4. Identify and consult stakeholders to understand their opinions, concerns and needs.
  5. Determine risk evaluation criteria for the activity.
Establish the nature and extent of the work activity within the broader organisational context.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document outcomes to be achieved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and consult stakeholders to understand their opinions, concerns and needs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine risk evaluation criteria for the activity.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks

  1. Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.
  2. Identify and document sources of risk as required.
  3. Identify and record risk events related to each source of risk.
  4. Undertake consultation to ensure all possible risks are identified.
Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document sources of risk as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and record risk events related to each source of risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake consultation to ensure all possible risks are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse risks

  1. Analyse and rate the probability of identified risks occurring and consequences.
  2. Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.
  3. Determine levels of risk in accordance with risk matrix used by the organisation.
  4. Consult as required to confirm risk levels, and document analysis.
Analyse and rate the probability of identified risks occurring and consequences.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine levels of risk in accordance with risk matrix used by the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult as required to confirm risk levels, and document analysis.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate risks

  1. Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.
  2. Consider the importance of the activity, its outcomes and the degree of control over the risks.
  3. Consider potential and actual losses which may arise from the risk.
  4. Take into account benefits and opportunities presented by the risk.
  5. Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.
  6. Prioritise unacceptable risks and document the reason/s for acceptance of risks.
Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider the importance of the activity, its outcomes and the degree of control over the risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider potential and actual losses which may arise from the risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Take into account benefits and opportunities presented by the risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prioritise unacceptable risks and document the reason/s for acceptance of risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Treat risks

  1. Determine options for treating risks.
  2. Select the best treatment option and undertake a cost-benefit analysis.
  3. Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.
  4. Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.
  5. Organise resources and implement risk treatment plan.
Determine options for treating risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select the best treatment option and undertake a cost-benefit analysis.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organise resources and implement risk treatment plan.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and review risk treatment plan

  1. Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.
  2. Monitor and adjust risk treatments for unacceptable risks as required.
  3. Monitor acceptable risks to ensure these risk levels do not increase over time.
  4. Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.
  5. Review risk treatment plan in accordance with timetable for review of plan and updated as required.
  6. Provide input into formal reviews of risk in the organisation to improve risk management outcomes.
Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and adjust risk treatments for unacceptable risks as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor acceptable risks to ensure these risk levels do not increase over time.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review risk treatment plan in accordance with timetable for review of plan and updated as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide input into formal reviews of risk in the organisation to improve risk management outcomes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish the risk context

  1. Establish the nature and extent of the work activity within the broader organisational context.
  2. Identify and document outcomes to be achieved.
  3. Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.
  4. Identify and consult stakeholders to understand their opinions, concerns and needs.
  5. Determine risk evaluation criteria for the activity.
Establish the nature and extent of the work activity within the broader organisational context.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document outcomes to be achieved.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and consult stakeholders to understand their opinions, concerns and needs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine risk evaluation criteria for the activity.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks

  1. Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.
  2. Identify and document sources of risk as required.
  3. Identify and record risk events related to each source of risk.
  4. Undertake consultation to ensure all possible risks are identified.
Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document sources of risk as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and record risk events related to each source of risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake consultation to ensure all possible risks are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse risks

  1. Analyse and rate the probability of identified risks occurring and consequences.
  2. Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.
  3. Determine levels of risk in accordance with risk matrix used by the organisation.
  4. Consult as required to confirm risk levels, and document analysis.
Analyse and rate the probability of identified risks occurring and consequences.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine levels of risk in accordance with risk matrix used by the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult as required to confirm risk levels, and document analysis.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate risks

  1. Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.
  2. Consider the importance of the activity, its outcomes and the degree of control over the risks.
  3. Consider potential and actual losses which may arise from the risk.
  4. Take into account benefits and opportunities presented by the risk.
  5. Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.
  6. Prioritise unacceptable risks and document the reason/s for acceptance of risks.
Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider the importance of the activity, its outcomes and the degree of control over the risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider potential and actual losses which may arise from the risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Take into account benefits and opportunities presented by the risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prioritise unacceptable risks and document the reason/s for acceptance of risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Treat risks

  1. Determine options for treating risks.
  2. Select the best treatment option and undertake a cost-benefit analysis.
  3. Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.
  4. Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.
  5. Organise resources and implement risk treatment plan.
Determine options for treating risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select the best treatment option and undertake a cost-benefit analysis.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Organise resources and implement risk treatment plan.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and review risk treatment plan

  1. Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.
  2. Monitor and adjust risk treatments for unacceptable risks as required.
  3. Monitor acceptable risks to ensure these risk levels do not increase over time.
  4. Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.
  5. Review risk treatment plan in accordance with timetable for review of plan and updated as required.
  6. Provide input into formal reviews of risk in the organisation to improve risk management outcomes.
Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and adjust risk treatments for unacceptable risks as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor acceptable risks to ensure these risk levels do not increase over time.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review risk treatment plan in accordance with timetable for review of plan and updated as required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide input into formal reviews of risk in the organisation to improve risk management outcomes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Establish the risk context

1.1 Establish the nature and extent of the work activity within the broader organisational context.

1.2 Identify and document outcomes to be achieved.

1.3 Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.

1.4 Identify and consult stakeholders to understand their opinions, concerns and needs.

1.5 Determine risk evaluation criteria for the activity.

2. Identify risks

2.1 Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.

2.2 Identify and document sources of risk as required.

2.3 Identify and record risk events related to each source of risk.

2.4 Undertake consultation to ensure all possible risks are identified.

3. Analyse risks

3.1 Analyse and rate the probability of identified risks occurring and consequences.

3.2 Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.

3.3 Determine levels of risk in accordance with risk matrix used by the organisation.

3.4 Consult as required to confirm risk levels, and document analysis.

4. Evaluate risks

4.1 Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.

4.2 Consider the importance of the activity, its outcomes and the degree of control over the risks.

4.3 Consider potential and actual losses which may arise from the risk.

4.4 Take into account benefits and opportunities presented by the risk.

4.5 Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.

4.6 Prioritise unacceptable risks and document the reason/s for acceptance of risks.

5. Treat risks

5.1 Determine options for treating risks.

5.2 Select the best treatment option and undertake a cost-benefit analysis.

5.3 Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.

5.4 Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.

5.5 Organise resources and implement risk treatment plan.

6. Monitor and review risk treatment plan

6.1 Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.

6.2 Monitor and adjust risk treatments for unacceptable risks as required.

6.3 Monitor acceptable risks to ensure these risk levels do not increase over time.

6.4 Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.

6.5 Review risk treatment plan in accordance with timetable for review of plan and updated as required.

6.6 Provide input into formal reviews of risk in the organisation to improve risk management outcomes.

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Establish the risk context

1.1 Establish the nature and extent of the work activity within the broader organisational context.

1.2 Identify and document outcomes to be achieved.

1.3 Analyse relationship between the activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.

1.4 Identify and consult stakeholders to understand their opinions, concerns and needs.

1.5 Determine risk evaluation criteria for the activity.

2. Identify risks

2.1 Select method/s for identifying risks in accordance with risk management policy and procedures, budgetary and time constraints relative to the type of activity to be undertaken.

2.2 Identify and document sources of risk as required.

2.3 Identify and record risk events related to each source of risk.

2.4 Undertake consultation to ensure all possible risks are identified.

3. Analyse risks

3.1 Analyse and rate the probability of identified risks occurring and consequences.

3.2 Consider current control measures for any of the identified risks in the risk analysis, and analyse and include residual risks if necessary.

3.3 Determine levels of risk in accordance with risk matrix used by the organisation.

3.4 Consult as required to confirm risk levels, and document analysis.

4. Evaluate risks

4.1 Evaluate risks by comparing the level of risk with risk evaluation criteria established at the beginning of the risk management process.

4.2 Consider the importance of the activity, its outcomes and the degree of control over the risks.

4.3 Consider potential and actual losses which may arise from the risk.

4.4 Take into account benefits and opportunities presented by the risk.

4.5 Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria, and obtain approval.

4.6 Prioritise unacceptable risks and document the reason/s for acceptance of risks.

5. Treat risks

5.1 Determine options for treating risks.

5.2 Select the best treatment option and undertake a cost-benefit analysis.

5.3 Prepare, approve and communicate a risk treatment plan to those who will be involved in implementation.

5.4 Negotiate changes required to operational structure, procedures or staffing in order to implement risk treatments.

5.5 Organise resources and implement risk treatment plan.

6. Monitor and review risk treatment plan

6.1 Monitor changes in the organisational environment and factors impacting on the organisation for their impact on risks and existing risk treatments.

6.2 Monitor and adjust risk treatments for unacceptable risks as required.

6.3 Monitor acceptable risks to ensure these risk levels do not increase over time.

6.4 Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.

6.5 Review risk treatment plan in accordance with timetable for review of plan and updated as required.

6.6 Provide input into formal reviews of risk in the organisation to improve risk management outcomes.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

applying legislation, regulations and policies relating to risk management

researching and analysing the wider context affecting the organisation

communicating and consulting with a diverse range of stakeholders

estimating and arranging resources needed for implementation of risk treatments

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including WHS and environment, regulations, policies, procedures and guidelines relating to risk management

AS/NZS ISO 31000:2009 risk management – principles and guidelines

HB 436:2004 (guidelines to AS/NZS 4360:2004) Risk Management Guidelines Companion to AS/NZS 4360:2004

the organisation’s risk management framework

the relationship of risk to context – how the context may define the risks

the importance of consultation and communication at every stage of the risk management cycle

risk management as a core activity of everyday work in the public sector

the diversity of risks in the public sector