Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Establish the risk context

1.1 Review organisational and technical environment and proposed business solution

1.2 Identify scale, importance and complexity of project risks

1.3 Establish acceptable and unacceptable levels of risk and consequences for the solution

1.4 Identify the impact of risks against the business environment

1.5 Determine and document proposed actions to insure against identified generic risks

2. Conduct risk analysis

2.1 Conduct a risk analysis to determine the likelihood of risks identified

2.2 Rank risk factors according to the impact and likelihood of occurrence

2.3 Develop contingency plans to mitigate identified risks

2.4 Document risk analysis and contingencies in a risk management plan

2.5 Implement risk management plans and undertake awareness training to inform stakeholders

3. Monitor risks

3.1 Establish feedback channels to warn of unforeseen and identified risks

3.2 Conduct regular reviews to identify new risks and update established risks

3.3 Document changes to risk management plans as appropriate

Skill 

Performance Criteria 

Description 

Reading

1.1, 2.1, 3.2

• Critically analyses complex documentation from a variety of sources and consolidates information relating to specific criteria to determine requirements

Writing

1.5, 2.1, 2.3, 2.4, 3.3

• Prepares documentation that expresses ideas, explores complex issues and is constructed logically, succinctly and accurately

Navigate the world of work

1.4

• Seeks to improve policies and procedures to better meet organisational goals and mitigate risk

Interact with others

2.5, 3.1, 3.2

• Selects, implements and seeks to improve protocols governing communications to clients and co-workers in a range of work contexts
• Elicits feedback and provides feedback to others

Get the work done

1.2-1.5, 2.1-2.5

• Accepts responsibility for planning and sequencing complex tasks and workload, negotiating key aspects with others and taking into account capabilities, efficiencies and effectiveness
• Applies systematic and analytical decision making processes for complex and non-routine situations
• Investigates new and innovative ideas as a means to continuously improve work practices and processes through consultation, and formal and analytical thinking
• Uses and investigates new digital technologies and applications to manage and manipulate data and communicate effectively with others, in a secure and stable digital environment

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

ICTSAD503 Minimise risk of new technologies to business solutions

ICASAD503A Minimise risk of new technologies to business solutions

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology Training Package Version 1.0.