BSBOPS403 - Apply business risk management processes

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Unit code: BSBOPS403 | Study level: TAFE
Credit points
N/A
Location
Industry
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to identify business risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the work role.The 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 delegate aspects of these tasks to others. Risks applicable to 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.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & performance criteria requirements, incl the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.
Students will be expected to demonstrate the following required skills:
* treat at least three risks by:
* identifying different types of organisational risks
* consulting with stakeholders to analyse and evaluate risks
* implementing control measures
* referring risks that are beyond own area of responsibility to others
* maintaining risk management documentation.

Students will also be expected to demonstrate the following knowledge:
* legislative and regulatory context of the organisation in relation to risk management
* techniques for identifying and evaluating risks
* organisational policies and procedures for risk management
* areas where risks are commonly identified in an organisation
* risks beyond scope of individual responsibility to be referred to relevant organisational personnel
* purpose and key elements of current risk management standards.

Required reading

The qualified trainer and assessor will advise students of class notes, reading materials produced by VU Polytechnic and further support via VU Polytechnic e-learning system and/or in person.

As part of a course

This unit is studied as part of the following course(s):

Certificate IV in Leadership and Management
BSB40520 | Certificate iv | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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