VU22229 - Develop and implement a risk management strategy

Unit code: VU22229 | Study level: TAFE

Credit points

N/A

Location

Industry

Online

Prerequisites

N/A

Overview

This unit describes the skills and knowledge required to develop, and manage the implementation and review of a risk management strategy for a particular organisational context.

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:

negotiate, consult and deal effectively with colleagues, clients, stakeholders and other relevant professionals;
manage organisational diversity;
manage changing initiatives;
achieve consensus and strategic outcomes;
achieve commitment to organisational risk management policies;
resolve conflicts;
manage performance;
plan contingency management when necessary;
source and interpret relevant codes, standards and protocols for risk management requirements;
assess existing and potential risks;
identify, prioritise risk mitigation opportunities;
planning skills to develop a risk management strategy and appropriate supporting policies and procedures;
writing and reporting skills to develop formal and informal reports, monitoring and progress reports and implementation plans, and;
analytical and evaluation skills to assess risk management strategy and use results to inform future practice.

Students will also be expected to demonstrate the following knowledge:

general principles, practices and methodologies of risk management;
risk management strategic planning;
strategic business planning;
overall organisational strategic and operational planning;
relevant international, national and state government legislation, regulations, standards and provisions;
economic, social and environmental sustainability goals, initiatives, reporting and protocols;
creative thinking and innovation practices in relation to managing risk;
people and change management methodologies, and;
performance measuring and monitoring systems.

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.