Manage contract 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 PSPPROC501A, 'Manage contract risk'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage contract 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 and Performance Criteria


Performance Criteria


Assess risk


Legislation, policies, business processes and resources impacting on the contract are identified


Contract deliverables and internal inputs necessary for effective contract performance are identified


Critical success factors necessary for the achievement of contract deliverables are identified and confirmed


Non-trivial business risks relating to the contract are identified


Causes of risk are analysed and their potential impact is determined


Likelihood of risks is determined and risk ratings are developed


Prepare risk management plan


A preliminary risk management plan is developed that addresses risks identified in the planning phase of the contract


Risks that will be accepted and those requiring treatment are identified


Treatments that reduce risks to an acceptable level are designed in accordance with organisational requirements


A plan for implementing new treatments, additional controls or modifications to existing controls is developed


Where risks relate to the business context, risk management policies and procedures are reviewed and developed/amended


Risk level is re-checked in the contract development phase, and the risk management plan is reviewed and adjusted to cover contract management risks not already identified


Implement and review risk management plan


Risk controls and treatments are implemented in accordance with the treatment plan


The risk management plan is implemented, and regularly reviewed and revised to include potential or emerging risks during the life of the contract


Review results are used to improve risk treatments and controls

Qualifications and Skillsets

PSPPROC501A appears in the following qualifications:

  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)