Manage risk

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 PSPMGT007, 'Manage risk'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage risk' 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



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 management context

1.1 Establish the nature and extent of business unit activity, its objectives and outcomes within the organisational context.

1.2 Identify the strategic and risk management context.

1.3 Identify and consult stakeholders to ensure their views, concerns and needs are taken into account in the risk management process.

1.4 Determine criteria for risk assessment.

1.5 Determine risk management criteria to provide guidance on balancing risk, costs, benefits and opportunities.

1.6 Monitor, review and adjust risk management criteria to ensure opportunities and current and emerging trends are reflected.

2. Plan for risk management

2.1 Investigate sources of risk and identify and consult upon potential, perceived and actual risks to ensure full coverage.

2.2 Analyse risks and document in consultation with stakeholders, and determine levels of risk as the basis for risk management planning.

2.3 Select risk management methods and modify as necessary to determine risks that are acceptable or unacceptable.

2.4 Identify risk treatment options for unacceptable risks and determine preferred risk treatment approaches.

2.5 Develop and communicate risk management plan to key stakeholders to ensure clarity and achievement of objectives throughout the activity’s life cycle.

3. Manage risk

3.1 Manage activity in accordance with agreed risk management plan.

3.2 Review performance, analyse variance and initiate risk responses to achieve objectives with minimal disruption and conflict.

3.3 Monitor internal and external risks to outcomes and initiate remedial actions to achieve objectives.

4. Evaluate the risk management plan

4.1 Develop and implement an evaluation methodology.

4.2 Review and analyse outcomes to assess the effectiveness of current risk management strategies.

4.3 Monitor existing risks, identify new risks and identify any trouble spots.

4.4 Seek and use a variety of information, including the perspectives of key stakeholders.

4.5 Formulate and act upon recommendations on enhancements to the plan.

4.6 Communicate the outcomes of evaluation to relevant personnel.