Identify risk and apply risk management processes

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBRSK401A, 'Identify risk and apply risk management processes'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Identify risk and apply risk management processes' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Identify risks

1.1. Identify the context for risk management

1.2. Identify risks using tools, ensuring all reasonable steps have been taken to identify all risks

1.3. Document identified risks in accordance with relevant policies, procedures and legislation

2. Analyse and evaluate risks

2.1. Analyse and document risks in consultation with relevant stakeholders

2.2. Undertake risk categorisation and determine level of risk

2.3. Document analysis processes and outcomes

3. Treat risks

3.1. Determine appropriate control measures for risks and assess for strengths and weaknesses

3.2. Identify control measures for all risks

3.3. Refer risks relevant to whole of organisation or having an impact beyond own work responsibilities and area of operation to others as per established policies and procedures

3.4. Choose and implement control measures for own area of operation and/or responsibilities

3.5. Prepare and implement treatment plans

4. Monitor and review effectiveness of risk treatment/s

4.1. Regularly review implemented treatment/s against measures of success

4.2. Use review results to improve the treatment of risks

4.3. Provide assistance to auditing risk in own area of operation

4.4. Monitor and review management of risk in own area of operation

Qualifications and Skillsets

BSBRSK401A appears in the following qualifications:

  • FNS41110 - Certificate IV in Financial Markets Operations
  • FNS50810 - Diploma of Financial Risk Management
  • FNS50310 - Diploma of Finance and Mortgage Broking Management
  • MSS40111 - Certificate IV in Sustainable Operations
  • BSB41807 - Certificate IV in Unionism and Industrial Relations
  • BSB40807 - Certificate IV in Frontline Management
  • BSB41407 - Certificate IV in Occupational Health and Safety
  • BSB41707 - Certificate IV in Recordkeeping
  • BSB41607 - Certificate IV in Purchasing
  • BSB41107 - Certificate IV in International Trade
  • BSB40907 - Certificate IV in Governance
  • BSB41007 - Certificate IV in Human Resources
  • BSB41307 - Certificate IV in Marketing
  • BSB40507 - Certificate IV in Business Administration
  • BSB40207 - Certificate IV in Business
  • BSB40707 - Certificate IV in Franchising
  • BSB40107 - Certificate IV in Advertising
  • FPP40210 - Certificate IV in Papermaking Operations
  • FPP30110 - Certificate III in Pulping Operations
  • FPP40110 - Certificate IV in Pulping Operations
  • FPP30210 - Certificate III in Papermaking Operations
  • CHC42708 - Certificate IV in Volunteer Program Coordination
  • CHC51208 - Diploma of Child, Youth and Family Intervention
  • CHC51608 - Diploma of Employment Services
  • CHC40908 - Certificate IV in Social Housing
  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)
  • CSC50107 - Diploma of Correctional Administration
  • PSP52410 - Diploma of Interpreting
  • PSP52310 - Diploma of Translating
  • FPI40205 - Certificate IV in Timber Processing
  • FPI40105 - Certificate IV in Forest Operations
  • CUS40309 - Certificate IV in Music Business
  • AUM40108 - Certificate IV in Automotive Manufacturing - Automotive Development (Passenger Motor Vehicle)
  • AHC40610 - Certificate IV in Production Nursery
  • AHC40110 - Certificate IV in Agriculture
  • AHC40710 - Certificate IV in Retail Nursery
  • AHC41010 - Certificate IV in Agribusiness
  • SFI30211 - Certificate III in Fishing Operations
  • SFI30611 - Certificate III in Seafood Industry (Sales and Distribution)
  • SFI40411 - Certificate IV in Fisheries Compliance
  • SFI40211 - Certificate IV in Fishing Operations
  • SFI40111 - Certificate IV in Aquaculture
  • SFI40511 - Certificate IV in Seafood Processing
  • SFI30111 - Certificate III in Aquaculture
  • SFI40611 - Certificate IV in Seafood Industry Sales and Distribution
  • SFI30311 - Certificate III in Seafood Industry (Environmental Management Support)
  • SFI50411 - Diploma of Fisheries Compliance
  • TLI41710 - Certificate IV in Stevedoring Operations
  • TLI42010 - Certificate IV in Logistics
  • TLI41510 - Certificate IV in Materiel Logistics
  • TLI50210 - Diploma of Materiel Logistics
  • TLI50510 - Diploma of Deployment Logistics
  • LMT50607 - Diploma of Fashion and Textiles Merchandising
  • LMT41207 - Certificate IV in Fashion and Textiles Merchandising
  • LMT60507 - Advanced Diploma of Fashion and Textiles Merchandising
  • HLT61307 - Advanced Diploma of Aboriginal and/or Torres Strait Islander Primary Health (Community Care)
  • HLT40407 - Certificate IV in Health Supervision
  • RGR40508 - Certificate IV in Racing Services (Racing Administration)
  • CUF40407 - Certificate IV in Make-up

And the skillsets: