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 PSPMNGT608B, '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 the risk management context

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

1.2 The strategic and risk management context are identified in accordance with organisational requirements.

1.3 Stakeholders are identified and consulted to ensure their views, concerns and needs are taken into account in the risk management process.

1.4 Criteria for risk assessment are determined in accordance with legislation, policy and procedures.

1.5 Risk management criteria are determined to provide guidance on balancing risk, costs, benefits and opportunities.

1.6 Risk management criteria are monitored, reviewed and adjusted to ensure opportunities and current and emerging trends are reflected.

2. Plan for risk management

2.1 Sources of risk are investigated and potential, perceived and actual risks are identified and consulted upon to ensure full coverage.

2.2 Risks are analysed and documented in consultation with stakeholders, and levels of risk are determined as the basis for risk management planning in a specific activity.

2.3 Risk management methods/techniques/tools are selected and modified as necessary to evaluate risks to determine those that are acceptable and those that are unacceptable.

2.4 Risk treatment options are identified for unacceptable risks and preferred risk treatment approaches are determined.

2.5 A risk managementplan is developed and communicated to key stakeholders to ensure clarity and achievement of objectives throughout the activity's life cycle.

3. Manage risk

3.1 Activity is managed in accordance with agreed risk management plan.

3.2 Performance is reviewed, variance is analysed and risk responses are initiated to achieve objectives with minimal disruption and conflict.

3.3 Internal and external risks to outcomes are monitored and remedial actions are initiated to achieve business unit objectives.

4. Evaluate the risk management plan

4.1 A valid and reliable evaluation methodology is developed and implemented.

4.2 Outcomes are reviewed and analysed to assess the effectiveness of current risk management strategies.

4.3 Evaluation is used to monitor existing risks, identify new risks and identify any trouble spots.

4.4 A variety of information, including the perspectives of key stakeholders, is obtained and utilised.

4.5 Recommendations on enhancements to the plan are formulated and acted upon to inform subsequent risk management processes.

4.6 The outcomes of evaluation are communicated to relevant personnel.

Qualifications and Skillsets

PSPMNGT608B appears in the following qualifications:

  • PSP61212 - Advanced Diploma of Government (Procurement and Contracting)
  • PSP60904 - Advanced Diploma of Government (Workplace Inspection)
  • PSP51904 - Diploma of Government (Workplace Inspection)
  • PSP52008 - Diploma of Government (Rail Safety Regulation)
  • PSP60504 - Advanced Diploma of Government (Management)
  • PSP61210 - Advanced Diploma of Government (Procurement and Contracting)
  • TLI60210 - Advanced Diploma of Deployment Logistics
  • PSP60912 - Advanced Diploma of Government (Workplace Inspection)
  • TLI60210 - Advanced Diploma of Deployment Logistics
  • PSP52012 - Diploma of Government (Rail Safety Regulation)
  • PSP61312 - Advanced Diploma of Government (Road Transport Compliance
  • PSP60512 - Advanced Diploma of Government (Management)
  • PSP51912 - Diploma of Government (Workplace Inspection)
  • TLI60215 - Advanced Diploma of Deployment Logistics