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Unit of competency details

BSBOPS403 - Apply business risk management processes (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBRSK401 - Identify risk and apply risk management processes 18/Oct/2020

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 19/Oct/2020


Training packages that include this unit

CodeSort Table listing Training packages that include this unit by the Code columnTitleSort Table listing Training packages that include this unit by the Title columnRelease
SFI - Seafood IndustrySeafood Industry 2.0 
FBP - Food, Beverage and PharmaceuticalFood, Beverage and Pharmaceutical 6.0 
FWP - Forest and Wood Products Training PackageForest and Wood Products Training Package 6.0-6.3 
TLI - Transport and Logistics Training PackageTransport and Logistics Training Package 8.0-9.0 
AHC - Agriculture, Horticulture and Conservation and Land Management Training PackageAgriculture, Horticulture and Conservation and Land Management Training Package 6.0-6.2 
CSC - Correctional Services Training PackageCorrectional Services Training Package 3.0-4.0 
DEF - Defence Training PackageDefence Training Package 3.0-4.1 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 5.0-5.1 
LGA - Local GovernmentLocal Government 1.0 
BSB - Business Services Training PackageBusiness Services Training Package 7.0-7.2 

Qualifications that include this unit

CodeSort Table listing Qualifications that include this unit by the Code columnTitleSort Table listing Qualifications that include this unit by the Title columnRelease
FBP40321 - Certificate IV in Food ProcessingCertificate IV in Food Processing
TLI47120 - Certificate IV in Rail InfrastructureCertificate IV in Rail Infrastructure
BSB40620 - Certificate IV in Legal ServicesCertificate IV in Legal Services1-2 
SFI40319 - Certificate IV in Fisheries ComplianceCertificate IV in Fisheries Compliance
BSB40820 - Certificate IV in Marketing and CommunicationCertificate IV in Marketing and Communication
BSB50720 - Diploma of Paralegal ServicesDiploma of Paralegal Services
TLI50420 - Diploma of Materiel LogisticsDiploma of Materiel Logistics
CSC40120 - Certificate IV in Correctional PracticeCertificate IV in Correctional Practice1-2 
BSB40120 - Certificate IV in BusinessCertificate IV in Business
BSB40420 - Certificate IV in Human Resource ManagementCertificate IV in Human Resource Management
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Skill sets that include this unit

CodeSort Table listing Skill sets that include this unit by the Code columnTitleSort Table listing Skill sets that include this unit by the Title columnRelease
TLISS00209 - Fuel Storage and Dispensing System Maintenance Skill SetFuel Storage and Dispensing System Maintenance Skill Set
TLISS00208 - Fuel Storage and Dispensing System Installation and Modification Skill SetFuel Storage and Dispensing System Installation and Modification Skill Set
LGASS00010 - Manage Workplace SustainabilityManage Workplace Sustainability
TLISS00210 - Supervise Compliance with Fuel Storage and Dispensing Site Requirements Skill SetSupervise Compliance with Fuel Storage and Dispensing Site Requirements Skill Set
TLISS00207 - Fuel Storage and Dispensing System Decommissioning Skill SetFuel Storage and Dispensing System Decommissioning Skill Set
LGASS00013 - Supervise in Local GovernmentSupervise in Local Government
BSBSS00100 - Business Operations Support Skill SetBusiness Operations Support Skill Set
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Accredited courses that have this unit in the completion mapping

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  19/Oct/2020 
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Unit Of competency

Modification History

Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.

Application

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

The unit 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 delegate aspects of these tasks to others. Risks applicable to 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.

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

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Identify risks

1.1 Identify context for risk management

1.2 Undertake required steps to identify risks

1.3 Document identified risks according to relevant policies, procedures, legislation and standards

2. Analyse and evaluate risks

2.1 Analyse risks in consultation with relevant stakeholders

2.2 Undertake risk categorisation and determine level of risk

2.3 Document analysis processes and outcomes

3. Treat risks

3.1 Identify control measures for risks

3.2 Assess strengths and weaknesses of control measures

3.3 Refer risks to relevant personnel, where required, according to policies and procedures

3.4 Select and implement control measures for personal area of operation and responsibilities

4. Monitor and review effectiveness of risk treatments

4.1 Review implemented treatments against measures of success

4.2 Use review results to improve the treatment of risks

4.3 Monitor and review management of risk in personal area of operation

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Description 

Learning

  • Uses analysis and consultative processes to inform decisions about selection and implementation of risk control measures
  • Evaluates effectiveness of plans and results to inform improvement decisions

Reading

  • Comprehends documents and texts of varying complexity to extract and analyse relevant information

Writing

  • Uses specific, industry related terminology and logical organisational structure in workplace documents that identify and analyse risk and report management process outcomes

Oral communication

  • Participates effectively in interactions with stakeholders by using questioning and listening to elicit opinions and clarify understanding

Numeracy

  • Uses numerical tools to assess risk and uses numerical data to review plans

Enterprise and initiative

  • Complies with organisational and legislative requirements
  • Takes responsibility for identification and management of risk within own work context and refers matters to others as required

Teamwork

  • Selects appropriate communication protocols and conventions when conferring with others to establish risk management requirements

Planning and organising

  • Determines job sequence and works logically and systematically to undertake defined tasks

Technology

  • Uses familiar digital technologies and systems to access information, prepare plans and communicate with others

Unit Mapping Information

Supersedes and is equivalent to BSBRSK401 Identify risk and apply risk management processes.

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 apply organisational policies, procedures and processes to:

  • treat at least three risks by:
  • identifying different types of organisational risks
  • consulting with stakeholders to analyse and evaluate risks
  • implementing control measures
  • referring risks that are beyond own area of responsibility to others
  • maintaining risk management documentation.

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:

  • legislative and regulatory context of the organisation in relation to risk management
  • techniques for identifying and evaluating risks
  • organisational policies and procedures for risk management
  • areas where risks are commonly identified in an organisation
  • risks beyond scope of individual responsibility to be referred to relevant organisational personnel
  • purpose and key elements of current risk management standards.

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:

  • legislation, regulations, standards and codes relating to business risk
  • workplace documentation on selected organisational 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