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Unit of competency details

BSBPMG407A - Apply risk management techniques (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Is superseded by BSBPMG415A - Apply project risk-management techniquesNew unit code and title. Revised and updated unit descriptor and application of unit section. Rewritten element 2 Added three performance criteria to element 2. One new performance criterion at element 3. Rewritten and clarified performance criteria. Expanded and updated required knowledge section. Expanded and updated range statement. Updated and clarified evidence guide. Removed assessment requirement for ‘multiple complex projects’. 17/Mar/2013

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 10/Mar/2009

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
FPI11 - Forest and Forest Products Training PackageForest and Forest Products Training Package 1.0-1.1 
FNS10 - Financial Services Training PackageFinancial Services Training Package 1.0-5.1 
CPC08 - Construction, Plumbing and Services Training PackageConstruction, Plumbing and Services Training Package 6.0-9.7 
PSP12 - Public Sector Training PackagePublic Sector Training Package 1.0 
BSB07 - Business Services Training PackageBusiness Services Training Package 5.0-9.0 
CHC08 - Community Services Training PackageCommunity Services Training Package 3.0-4.2 
PSP04 - Public Sector Training PackagePublic Sector Training Package 4.1-4.2 
FPI05 - Forest and Forest Products Training PackageForest and Forest Products Training Package 3.0 
LMT07 - Textiles, Clothing and Footwear Training PackageTextiles, Clothing and Footwear Training Package 3.1-4.1 

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
CPC40808 - Certificate IV in Swimming Pool and Spa BuildingCertificate IV in Swimming Pool and Spa Building1-5 
BSB30211 - Certificate III in Customer ContactCertificate III in Customer Contact
LMT60507 - Advanced Diploma of Fashion and Textiles MerchandisingAdvanced Diploma of Fashion and Textiles Merchandising1-2 
LMT41207 - Certificate IV in Fashion and Textiles MerchandisingCertificate IV in Fashion and Textiles Merchandising1-2 
FNS30410 - Certificate III in Mercantile AgentsCertificate III in Mercantile Agents1-3 
CPC40508 - Certificate IV in Building and Construction (Site Management)Certificate IV in Building and Construction (Site Management)1-6 
CHC52312 - Diploma of Community Services (Development and or Humanitarian Assistance)Diploma of Community Services (Development and or Humanitarian Assistance)
FPI40411 - Certificate IV in Timber Truss and Frame DesignCertificate IV in Timber Truss and Frame Design1-2 
CHC42012 - Certificate IV in Employment ServicesCertificate IV in Employment Services
PSP41212 - Certificate IV in Government (Project Management)Certificate IV in Government (Project Management)
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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  25/Jul/2008 
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Modification History

Not applicable.

Unit Descriptor

Unit descriptor 

This unit describes the performance outcomes, skills and knowledge required to assist with aspects of risk management within a project. It specifically involves assisting the project team to plan for, control and review risks associated with the project.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.

Application of the Unit

Application of the unit 

This unit applies to a project team member working under the direction of a project manager with other project team members. The individual may be operating within an organisation or as a consultant. The skills should be applied in the context of multiple complex projects, with the individual operating as part of a specialist project management team.

In the context of this unit a complex project is defined as a project which involves:

  • the need for a comprehensive and multi faceted project plan
  • the need for a formal internal or external communications strategy
  • a dedicated and diverse project budget
  • multiple administrative components
  • multiple operational components
  • a wide range of stakeholders
  • a project operations team.

The functions performed by a worker managing a straightforward project or a section of a larger project where project management is not the main focus of the job role are covered by BSBPMG510A Manage projects.

Licensing/Regulatory Information

Not applicable.

Pre-Requisites

Prerequisite units 

Employability Skills Information

Employability skills 

This unit contains employability skills.

Elements and Performance Criteria Pre-Content

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

1. Assist with risk analysis and planning

1.1. Contribute to identifying and prioritising potential risks throughout the project life cycle

1.2. Provide input, within delegated authority , to develop risk management strategies and risk management plans within established guidelines

1.3. Establish risk analysis methods , techniques and tools  to assist in the analysis of risks

1.4. Ensure reporting mechanisms for risks are planned for and agreed to

2. Conduct risk control activities

2.1. Undertake control activities in accordance with agreed project and risk management plans to achieve project objectives

2.2. Measure progress and act on perceived, potential or actual risks within authority or report to others  for response

2.3. Contribute to the implementation of agreed risk approaches and the amendment of plans to reflect the changing environment

2.4. Identify and report opportunities  for action in the same way as risks

3. Contribute to assessing risk management outcomes

3.1. Contribute to the ongoing review  of project outcomes to determine the effectiveness of risk management activities by accessing project records  and other available information

3.2. Report risk management issues and responses to others for lessons learned or application in future projects

Required Skills and Knowledge

REQUIRED SKILLS AND KNOWLEDGE 

This section describes the skills and knowledge required for this unit.

Required skills 

  • planning, organising and analytical skills to assist with risk analysis, risk management planning and review of risk management outcomes
  • communication and teamwork skills to contribute to collective processes for risk management
  • initiative and enterprise to think laterally about risks and how they might occur.

Required knowledge 

  • risk management framework and risk management processes.

Evidence Guide

EVIDENCE GUIDE 

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment 

Critical aspects for assessment and evidence required to demonstrate competency in this unit 

Evidence of the following is essential:

  • application of risk management techniques in relation to multiple complex projects
  • knowledge of risk management methods, techniques and tools.

Context of and specific resources for assessment 

Assessment must ensure:

  • access to examples of project management documentation for risk management.

Method of assessment 

A range of assessment methods should be used to assess practical skill and knowledge. The following assessment methods are appropriate for this unit:

  • direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
  • analysis of responses addressing case studies and scenarios which present issues and problems in project risk management
  • oral or written questioning to assess knowledge of strategies for managing project risk and their application to different situations
  • review of risk analysis methods, techniques and tools
  • review of risk management plans
  • evaluation of reporting of risk management issues and responses.

Guidance information for assessment 

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

  • other units from the Certificate IV in Project Management.

Range Statement

RANGE STATEMENT 

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Delegated authority  means:

  • subject to frequent change in a multi-disciplinary environment
  • under limited guidance and supervision
  • within agreed authorisation and limits
  • within established organisational framework, procedures and routines

Risk analysis methods , techniques and tools  may include:

  • using personal experience and/or subject matter experts
  • assisting in qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development
  • using specialist risk analysis tool/s to assist in the decision making process

Others  may include:

  • higher project authorities
  • project manager
  • project specialists or personnel
  • team members

Opportunities  may include:

  • better means of achieving a result
  • changes in the project or broader environment that offer scope for rescheduling activities to better effect
  • efficiencies or methods to work more effectively, such as ways of shortening an activity
  • initial project activities that reveal entirely different sets of priorities for example, product development, research and policy development
  • responses to changing commercial/competitive conditions

Reviews  may include evaluations of:

  • agreed major milestones, for example phases and sub-contracts
  • change of key personnel
  • delivery of major deliverables
  • finalisation of project and other agreed milestones

Records  may include:

  • lists of potential risk events (risk register/log)
  • project and/or organisation files and records
  • risk analysis and reappraisal
  • risk diaries, incident logs, occurrence reports and other such documentation
  • risk management lessons learned
  • risk management plan

Unit Sector(s)

Unit sector 

Competency field

Competency field 

Management and Leadership - Project Management

Co-requisite units

Co-requisite units