BSBRSK401 - Identify risk and apply risk management processes

Unit code: BSBRSK401 | Study level: TAFE

Credit points

N/A

Location

Footscray Nicholson

Footscray Park

Industry

Werribee

Prerequisites

N/A

Overview

This unit describes the skills and knowledge required to identify risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the role. It 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.

Assessment

For Melbourne campuses

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:

identify risks;
consult with relevant stakeholders to analyse and evaluate risks;
identify and evaluate control measures;
develop and implement treatment plans for own area or responsibility;
refer risks that are beyond own area of responsibility to others, and;
maintain risk management documentation.

Students will also be expected to demonstrate the following knowledge:

outline techniques for identifying and evaluating risks;
outline organisational policies, procedures or processes for risk management;
give examples of areas where risks are commonly identified in an organisation;
outline the purpose and key elements of current risk management standards;
outline the legislative and regulatory context of the organisation in relation to risk management, and;
describe the organisation's auditing requirements relating to risk management.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.