Cert IV Frontline
Management - Course
Unit BSBRSK401A
Identify risk and
apply risk
management processes
(information sourced
from NTIS website
http://www.ntis.gov.au/)
Description
This unit describes the
performance outcomes,
skills and knowledge
required to identify
risks and to apply
established risk
management processes to
a subset of an
organisation or
project's operations
that are within the
person's own work
responsibilities and
area of operation. No
licensing, legislative,
regulatory or
certification
requirements apply to
this unit at the time of
endorsement.
Employability Skills
This unit contains
employability skills.
Application Of Unit
This unit applies to
individuals with a broad
knowledge of risk
analysis or project
management who
contribute well
developed skills in
creating solutions to
unpredictable problems
through analysis and
evaluation of
information from a
variety of sources. They
may have responsibility
to provide guidance or
to delegate aspects of
these tasks to others.
In this unit, risks
applicable within own
work responsibilities
and area of operation,
may include projects
being undertaken
individually or by a
team, or operations
within a section of the
organisation.
Unit Sector
No sector assigned
Performance criteria
|
Element |
|
Performance
criteria |
| 1. |
Identify
risks |
|
|
1.1 |
Identify
the
context
for risk
management
|
|
1.2 |
Identify
risks
using
tools,
ensuring
all
reasonable
steps
have
been
taken to
identify
all
risks
|
|
1.3 |
Document
identified
risks in
accordance
with
relevant
policies,
procedures
and
legislation
|
|
| 2. |
Analyse and
evaluate risks |
|
|
2.1 |
Analyse
and
document
risks in
consultation
with
relevant
stakeholders
|
|
2.2 |
Undertake
risk
categorisation
and
determine
level of
risk
|
|
2.3 |
Document
analysis
processes
and
outcomes
|
|
| 3. |
Treat risks |
|
|
3.1 |
Determine
appropriate
control
measures
for
risks
and
assess
for
strengths
and
weaknesses
|
|
3.2 |
Identify
control
measures
for all
risks
|
|
3.3 |
Refer
risks
relevant
to whole
of
organisation
or
having
an
impact
beyond
own work
responsibilities
and area
of
operation
to
others
as per
established
policies
and
procedures
|
|
3.4 |
Choose
and
implement
control
measures
for own
area of
operation
and/or
responsibilities
|
|
3.5 |
Prepare
and
implement
treatment
plans
|
|
| 4. |
Monitor and
review
effectiveness of
risk treatment/s |
|
|
4.1 |
Regularly
review
implemented
treatment/s
against
measures
of
success
|
|
4.2 |
Use
review
results
to
improve
the
treatment
of risks
|
|
4.3 |
Provide
assistance
to
auditing
risk in
own area
of
operation
|
|
4.4 |
Monitor
and
review
management
of risk
in own
area of
operation
|
|
Skills and Knowledge
Required skills
-
literacy skills
sufficient to read
and understand a
variety of texts;
and to write, edit
and proofread
documents to ensure
clarity of meaning,
accuracy and
consistency of
information
-
research and data
collection skills to
monitor and evaluate
risks
-
problem-solving
skills to
appropriately
address identified
risks.
Required knowledge
-
Australian and
international
standards for risk
management
-
key provisions of
relevant legislation
from all levels of
government that may
affect aspects of
business operations,
such as:
-
organisational
policies and
procedures relating
to risk management
processes and
strategies
-
auditing
requirements
relating to risk
management.
Range statement
The range statement
relates to the unit of
competency as a whole.
It allows for different
work environments and
situations that may
affect performance. Bold
italicised wording, if
used in the performance
criteria, is detailed
below. Essential
operating conditions
that may be present with
training and assessment
(depending on the work
situation, needs of the
candidate, accessibility
of the item, and local
industry and regional
contexts) may also be
included.
|
|
|
|
|
Context
may include:
|
|
-
any
related
projects or
organisations
-
any
resources,
including
physical
assets,
which are
vital to
operations
-
key
operational
elements and
service of
the
organisation
-
organisation
or project,
how it is
organised
and its
capabilities
-
own role
and
responsibilities
in relation
to overall
project or
organisation
design
|
|
Risks
may include:
|
|
-
commercial
and legal
relationships
-
economic
circumstances
and
scenarios
-
human
behaviour
-
individual
activities
-
management
activities
and controls
-
natural
events
-
political
circumstances
-
positive
risk
-
technology -
technological
issues
|
|
Tools
may include:
|
|
-
documentation
to assist in
process of
identifying
risk, and
assessing
impact and
likelihood
of
occurrence
-
standard
instruments
developed
for the
organisation
and
contextualised
for sections
of the
workplace's
operations,
such as
checklists
and testing
procedures
-
tools to
prioritise
risks,
including
where
relevant,
numerical
scoring
systems for
risks
|
|
Stakeholders
may include:
|
|
-
contractors
-
employees
-
financial
managers
-
insurance
agents
-
managers
-
public
-
service
providers
-
suppliers
-
unions
-
volunteers
|
|
Risk
categorisation
may include:
|
|
-
likelihood
of risks:
-
almost
certain
-
likely
-
possible
-
unlikely
-
rare
-
consequences
of risks:
-
insignificant
-
minor
-
moderate
-
major
-
catastrophic
-
current
control
measures
|
|
Level
of risk
may include:
|
|
-
low,
treated with
routine
procedures
-
moderate,
with
specific
responsibility
allocated
for the
risk, and
monitoring
and response
procedures
implemented
-
high,
requiring
action, as
it has
potential to
be damaging
to the
organisation
or project
-
extreme,
requiring
immediate
action, as
it has
potential to
be
devastating
to the
organisation
or project
|
|
Control
measures
may include:
|
|
-
hierarchy
of controls:
-
reduction
in
likelihood
of risks
-
reduction
of
consequences
of risks
-
retention
of risks
-
risk
aversion
-
transfer
of
responsibility
of risks
|
|
Measures of
success
may include:
|
|
-
costs
-
reductions
in impact
-
reductions
in
likelihood
-
reductions
in
occurrence
|
Evidence guide
The evidence guide
provides advice on
assessment and must be
read in conjunction with
the performance
criteria, required
skills and knowledge,
range statement and the
Assessment Guidelines
for the Training
Package.
|
|
|
|
| Overview
of assessment |
|
|
| Critical
aspects for
assessment and
evidence
required to
demonstrate
competency in
this unit |
|
Evidence of
the following is
essential:
-
identification,
analysis and
evaluation
of risks
-
demonstrated
understanding
of personal
role in
relation to
wider
organisational
or project
context
-
demonstrated
understanding
of risk
management
processes
and
procedures.
|
| Context
of and specific
resources for
assessment |
|
Assessment
must ensure:
|
| Method of
assessment |
|
A range of
assessment
methods should
be used to
assess practical
skills and
knowledge. The
following
examples are
appropriate for
this unit:
-
direct
questioning
combined
with review
of
portfolios
of evidence
and third
party
workplace
reports of
on-the-job
performance
by the
candidate
-
review of
documentation
outlining
risk
analysis
processes
and outcomes
-
analysis
of responses
to case
studies and
scenarios
-
oral or
written
questioning
to assess
knowledge of
Australian
and
international
standards
for risk
management
-
review of
implementation
of treatment
plans.
|
| Guidance
information for
assessment |
|
Holistic
assessment with
other units
relevant to the
industry sector,
workplace and
job role is
recommended, for
example:
|
|
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