Evaluate risk for new business

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 FNSISV401A, 'Evaluate risk for new business'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Evaluate risk for new business' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Identify and obtain risk information

1.1. All sources of risk information are identified, gathered and recorded and deficiencies rectified

1.2. Information is reviewed to determine its relevance and reliability and the integrity of its source

1.3. Data is formatted for easy access

1.4. Legislative and compliance requirements are adhered to in all cases

2. Assess information against established risk acceptance criteria

2.1. All relevant risk information is assessed to determine if it is comprehensive and pertinent to the nature of the risk

2.2. Surveys/reports are reviewed and commissioned if applicable to risk

2.3. Data on risk exposure from survey report is interpreted

2.4. Risk information is compared against risk acceptance criteria and organisation capacity to assess and accept risk according to terms and conditions of risk assessment

2.5. Liaison with other internal departments is conducted to assess impact on business if applicable

2.6. Proposed amendments to organisation wording are reviewed and compared to acceptance criteria

2.7. Risk assessment data is documented according to organisation policy and procedures

3. Issue a quotation

3.1. Quote based on all the risk assessment data is prepared and communicated if required


Qualifications and Skillsets

FNSISV401A appears in the following qualifications:

  • FNS41410 - Certificate IV in General Insurance
  • FNS40510 - Certificate IV in Personal Injury Management (Underwriting)
  • FNS50810 - Diploma of Financial Risk Management
  • FNS41411 - Certificate IV in General Insurance