This unit describes the skills and knowledge required to manage risks that may impact achievement of project objectives. It involves identifying, analysing, treating and monitoring project risks, and assessing risk management outcomes.

It applies to individuals responsible for managing and leading a project in an organisation, business, or as a consultant.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.

Unit details

Location:
Study level:
Vocational and further education (TAFE)
Unit code:
BSBPMG517

Assessment

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit's learning outcomes and performance criteria requirements, including 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: - conduct effective risk management for a project of sufficient complexity to demonstrate the full range of performance requirements, and; - apply risk management techniques, strategies and tools.Students will also be expected to demonstrate the following knowledge: - identify project risks in a range of risk categories; - explain key components of a risk management plan; - outline industry sector risk classifications and relate these to different risk contexts; - summarise organisational and industry standard risk frameworks, and; - identify and describe characteristics, techniques and appropriate applications of quantitative and qualitative risk management techniques and approaches.

Where to next?

As part of a course

This unit is studied as part of the following courses. 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.