Assess risks

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 FNSRSK502, 'Assess risks'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Assess risks' 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

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Develop risk evaluation criteria

1.1 Identify risks in organisational processes and procedures following the Australian Risk Management Standards

1.2 Develop risk evaluation criteria, including tolerance levels

2. Assess current exposure

2.1 Identify and apply appropriate risk assessment tools and establish probability of risk

2.2 Identify potential severity and/or impact or consequence of risk

2.3 Identify mitigating effect of existing controls and assess exposure to risk using evaluation criteria

3. Compare exposure with guidelines

3.1 Identify relevant guidelines and compare risk exposure levels with organisational guidelines

3.2 Compare exposure levels with industry and statutory obligations, and identify and report unacceptable residual risks

4. Prepare probability assessment

4.1 Analyse specific issues using measurement criteria

4.2 Prepare risk map that ranks and summarises threats and risk issues in consistent manner

5. Communicate with relevant internal and external stakeholders

5.1 Identify stakeholders and seek out their views

5.2 Provide information to stakeholders at each stage of assessing organisation’s exposure to risks


Qualifications and Skillsets

FNSRSK502 appears in the following qualifications:

  • FNS51710 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS60710 - Advanced Diploma of Financial Licensing Management
  • FNS60810 - Advanced Diploma of Financial Risk Management
  • FNS50810 - Diploma of Financial Risk Management
  • FNS40110 - Certificate IV in Credit Management
  • FNS51110 - Diploma of General Insurance
  • FNS51010 - Diploma of Financial Markets
  • FNS50110 - Diploma of Personal Injury Management
  • FNS40111 - Certificate IV in Credit Management
  • FNS60711 - Advanced Diploma of Financial Licensing Management
  • FNS50311 - Diploma of Finance and Mortgage Broking Management
  • FNS50811 - Diploma of Integrated Risk Management
  • FNS51011 - Diploma of Financial Markets
  • FNS51811 - Diploma of Financial Services
  • FNS51015 - Diploma of Financial Markets
  • FNS50315 - Diploma of Finance and Mortgage Broking Management
  • FNS41715 - Certificate IV in Insurance Broking
  • FNS40115 - Certificate IV in Credit Management
  • FNS51115 - Diploma of General Insurance
  • FNS51715 - Diploma of Applied Anti-Money Laundering and Counter Terrorism Financing Management
  • FNS50815 - Diploma of Integrated Risk Management
  • FNS60715 - Advanced Diploma of Financial Licensing Management
  • FNS51815 - Diploma of Financial Services
  • FNS51215 - Diploma of Insurance Broking
  • FNS50115 - Diploma of Personal Injury Management
  • FNS51915 - Diploma of Personal Injury and Disability Insurance Management

And the skillsets: