Unit of competency details
BSBOPS302 - Identify business risk (Release 1)
Summary
Usage recommendation:
Current
Releases:
| 1 1 (this release) |
19/Oct/2020 |
Companion volumes:
Unit of competency
Assessment requirements
Training packages that include this unit
Qualifications that include this unit
Classifications
Classification history
| ASCED Module/Unit of Competency Field of Education Identifier | 080399 | Business And Management, N.e.c. | 17/Dec/2020 | |
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Unit of competency
Modification History
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Release
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Comments
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Release 1
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This version first released with BSB Business Services Training Package Version 7.0.
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Application
This unit describes the skills and knowledge required to contribute to business operations through the identification of business risk. It involves identifying business risks, as well as supporting managers and supervisors in mitigating risk.
The unit applies to those required to contribute to the identification of business risks as part of broader responsibilities.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Business Competence – Business Operations
Elements and Performance Criteria
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ELEMENT
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PERFORMANCE CRITERIA
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Elements describe the essential outcomes.
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Performance criteria describe the performance needed to demonstrate achievement of the element.
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1.Establish business risk
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1.1 Identify potential business risks according to task requirements
1.2 Assess organisational policies and procedures for addressing risks
1.3 Identify organisational personnel involved in addressing relevant risk types
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2. Mitigate business risk
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2.1 Analyse potential consequences for organisation of identified risks
2.2 Address risks according to organisational policies and procedures, escalating, where required
2.3 Document steps to mitigate identified risks according to organisational policies and procedures
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3. Finalise resolution of business risk
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3.1 Confirm steps taken with relevant organisational personnel
3.2 Seek feedback on response with relevant organisational personnel
3.3 Contribute to identifying ways to minimise future risk in consultation with relevant organisational personnel
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Foundation Skills
This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.
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Skill
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Description
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Reading
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- Interprets and identifies from risk legislation, workplace policy and procedure and records
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Writing
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- Uses formats and language appropriate to audience
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Initiative and enterprise
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- Follows legal and regulatory responsibilities and organisational policies and procedures in relation to risk mitigation role
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Teamwork
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- Shares relevant information and resources with organisational personnel
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Planning and organising
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- Plans and implements tasks to achieve required outcomes
- Uses formal decision-making processes, gathering information and identifying and evaluating choices against risk management processes
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Technology
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- Uses technology to access and filter data and then extract, organise, integrate and share information
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Unit Mapping Information
No equivalent unit. New unit.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10
Assessment requirements
Modification History
|
Release
|
Comments
|
|
Release 1
|
This version first released with BSB Business Services Training Package Version 7.0.
|
Performance Evidence
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
- identify and resolve two different business risks.
In the course of the above, the candidate must:
- identify business risk and organisational policies and procedures for addressing identified risk
- analyse potential impact of risk for business and address risk according to organisational policies and procedures
- document risk mitigation processes taken according to organisational policies and procedures
- confirm and seek feedback on risk mitigation methods
- participate in discussions to minimise future risks in consultation with relevant personnel.
Knowledge Evidence
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
- types of business risks including:
- strategic risks
- compliance risks
- financial risks
- operational risks
- common sources of business risk
- techniques to manage business risks applicable to the industry
- functions and content of organisational risk management plan
- organisational policies and procedures for risk identification and mitigation.
Assessment Conditions
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
- relevant legislation, regulations and standards relevant to business risks
- workplace documentation and resources for business risks.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10
