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 BSBRSK501A, '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



1. Establish risk context

1.1. Review organisational processes, procedures and requirements for undertaking risk management

1.2. Determine scope for risk management process

1.3. Identify internal and external stakeholders and their issues

1.4. Review political, economic, social, legal, technological and policy context

1.5. Review strengths and weaknesses of existing arrangements

1.6. Document critical success factors, goals or objectives for area included in scope

1.7. Obtain support for risk management activities

1.8. Communicate with relevant parties about the risk management process and invite participation

2. Identify risks

2.1. Invite relevant parties to assist in the identification of risks

2.2. Research risks that may apply to scope

2.3. Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties

3. Analyse risks

3.1. Assess likelihood of risks occurring

3.2. Assess impact or consequence if risks occur

3.3. Evaluate and prioritise risks for treatment

4. Select and implement treatments

4.1. Determine and select most appropriate options for treating risks

4.2. Develop an action plan for implementing risk treatment

4.3. Communicate risk management processes to relevant parties

4.4. Ensure all documentation is in order and appropriately stored

4.5. Implement and monitor action plan

4.6. Evaluate risk management process

Qualifications and Skillsets

BSBRSK501A appears in the following qualifications:

  • LMF60308 - Advanced Diploma of Furniture Design and Technology
  • LMF60102 - Advanced Diploma of Furnishing Management
  • FNS60310 - Advanced Diploma of Conveyancing
  • FNS60810 - Advanced Diploma of Financial Risk Management
  • FNS50810 - Diploma of Financial Risk Management
  • FNS51510 - Diploma of Credit Management
  • FNS50410 - Diploma of Conveyancing
  • CPC60208 - Advanced Diploma of Building and Construction (Management)
  • CPC60208 - Advanced Diploma of Building and Construction (Management)
  • CPP60109 - Advanced Diploma of Spatial Information Services
  • CPP60211 - Advanced Diploma of Property Services (Asset and Facility Management)
  • BSB50307 - Diploma of Customer Contact
  • BSB60307 - Advanced Diploma of Customer Contact
  • BSB50107 - Diploma of Advertising
  • CHC51208 - Diploma of Child, Youth and Family Intervention
  • CHC51908 - Diploma of Relationship Education
  • CHC51608 - Diploma of Employment Services
  • CHC51008 - Diploma of Children's Services (Outside school hours care)
  • CHC51808 - Diploma of Family Intake and Support Work
  • CHC60308 - Advanced Diploma of Community Sector Management
  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)
  • CHC80108 - Vocational Graduate Diploma of Community Sector Management
  • CHC50908 - Diploma of Children's Services (Early childhood education and care)
  • FPI50105 - Diploma of Forest and Forest Products
  • CUS50309 - Diploma of Music Business
  • CUS50209 - Diploma of Sound Production
  • CUV50407 - Diploma of Photoimaging
  • CUV60103 - Advanced Diploma of Arts Management
  • CUV60307 - Advanced Diploma of Creative Product Development
  • CUE50303 - Diploma of Live Production, Theatre and Events (Technical Production)
  • CUE60303 - Advanced Diploma of Stage Management
  • CUE50403 - Diploma of Venues and Events
  • CUE60203 - Advanced Diploma of Live Production, Theatre and Events (Technical Production)
  • CUE60103 - Advanced Diploma of Design for Live Production, Theatre and Events
  • CUE60403 - Advanced Diploma of Venues and Events
  • TLI50410 - Diploma of Logistics
  • TLI50410 - Diploma of Logistics
  • HLT43207 - Certificate IV in Health Administration
  • HLT61307 - Advanced Diploma of Aboriginal and/or Torres Strait Islander Primary Health (Community Care)
  • HLT61107 - Advanced Diploma of Nursing (Enrolled/Division 2 nursing)
  • HLT52007 - Diploma of Practice Management
  • CUF50207 - Diploma of Interactive Digital Media
  • CUF50607 - Diploma of Scenery and Set Construction
  • CUV50411 - Diploma of Photo Imaging
  • CUV60311 - Advanced Diploma of Creative Product Development
  • CUL50111 - Diploma of Library and Information Services
  • FNS60311 - Advanced Diploma of Conveyancing
  • FNS51511 - Diploma of Credit Management
  • FNS50811 - Diploma of Integrated Risk Management
  • FNS50411 - Diploma of Conveyancing
  • NWP60112 - Advanced Diploma of Water Engineering Design
  • CPP41011 - Certificate IV in Cleaning Management
  • CPP50811 - Diploma of Waste Management
  • CHC51912 - Diploma of Relationship Education
  • CHC52312 - Diploma of Community Services (Development and or Humanitarian Assistance)
  • CHC51812 - Diploma of Family Intake and Support Work
  • CHC60312 - Advanced Diploma of Community Sector Management
  • CHC51612 - Diploma of Employment Services
  • HLT52012 - Diploma of Practice Management
  • HLT43212 - Certificate IV in Health Administration

And the skillsets: