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Evidence Guide: PSPMGT014 - Undertake enterprise risk management

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

 

PSPMGT014 - Undertake enterprise risk management

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

Influence organisational culture

  1. Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.
  2. Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.
  3. Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.
  4. Support and resource initiatives to embed risk management within organisational culture.
  5. Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.
  6. Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.
Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support and resource initiatives to embed risk management within organisational culture.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide strategic direction in risk management

  1. Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.
  2. Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.
  3. Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.
  4. Communicate strategic priorities to key stakeholders.
  5. Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.
Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate strategic priorities to key stakeholders.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Influence organisational culture

  1. Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.
  2. Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.
  3. Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.
  4. Support and resource initiatives to embed risk management within organisational culture.
  5. Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.
  6. Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.
Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support and resource initiatives to embed risk management within organisational culture.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide strategic direction in risk management

  1. Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.
  2. Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.
  3. Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.
  4. Communicate strategic priorities to key stakeholders.
  5. Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.
Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Communicate strategic priorities to key stakeholders.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.

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. Influence organisational culture

1.1 Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.

1.2 Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.

1.3 Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.

1.4 Support and resource initiatives to embed risk management within organisational culture.

1.5 Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.

1.6 Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.

2. Provide strategic direction in risk management

2.1 Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.

2.2 Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.

2.3 Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.

2.4 Communicate strategic priorities to key stakeholders.

2.5 Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.

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. Influence organisational culture

1.1 Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.

1.2 Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.

1.3 Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.

1.4 Support and resource initiatives to embed risk management within organisational culture.

1.5 Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.

1.6 Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.

2. Provide strategic direction in risk management

2.1 Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.

2.2 Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.

2.3 Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.

2.4 Communicate strategic priorities to key stakeholders.

2.5 Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.

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.

articulating models of cultural change and influencing key stakeholders to participate

influencing and consulting with others in the implementation of enterprise risk management

explaining complex concepts and gaining support for implementation

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.

legislation, regulations, policies, procedures and guidelines relating to risk management

strategic approaches to risk management

the principles of enterprise risk management

models of cultural change