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Unit of competency details

BSBPMG415 - Apply project risk management techniques (Release 1)

Summary

Usage recommendation:
Superseded
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBPMG415A - Apply project risk-management techniquesUpdated to meet Standards for Training Packages 24/Mar/2015
Is superseded by and equivalent to BSBPMG426 - Apply project risk management techniques 18/Oct/2020

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 25/Mar/2015


Training packages that include this unit

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
FNS30415 - Certificate III in Mercantile AgentsCertificate III in Mercantile Agents1-3 
FNS41815 - Certificate IV in Financial ServicesCertificate IV in Financial Services1-5 
FWP40316 - Certificate IV in Timber Truss and Frame ManufactureCertificate IV in Timber Truss and Frame Manufacture1-2 
CPC40110 - Certificate IV in Building and Construction (Building)Certificate IV in Building and Construction (Building)6-7 
FWP40416 - Certificate IV in Timber Truss and Frame DesignCertificate IV in Timber Truss and Frame Design1-2 
FNS50815 - Diploma of Integrated Risk ManagementDiploma of Integrated Risk Management1-3 
FNS60820 - Advanced Diploma of Integrated Risk ManagementAdvanced Diploma of Integrated Risk Management
BSB41515 - Certificate IV in Project Management PracticeCertificate IV in Project Management Practice1-5 
BSB40315 - Certificate IV in Customer EngagementCertificate IV in Customer Engagement1-3 
FNS41820 - Certificate IV in Financial ServicesCertificate IV in Financial Services
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080315 Project Management  30/Jul/2015 
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Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with BSB Business Services Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to assist with aspects of risk management in a project. It specifically involves planning for, controlling and reviewing risks associated with the project, and assisting in this process where required.

It applies to individuals who are project practitioners working in a project support role.

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

Unit Sector

Management and Leadership – Project Management

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. Assist with risk analysis and planning

1.1 Contribute to identifying and prioritising potential risks throughout the project life cycle, using established risk-analysis methods, techniques and tools

1.2 Contribute to developing risk management strategies and risk management plans according to established guidelines

1.3 Contribute to developing and implementing risk-reporting mechanisms

2. Perform risk-control activities

2.1 Monitor risks according to agreed project and risk management plans and advise project manager of changing circumstances

2.2 Regularly review current and proposed activities to identify potential and actual risks and opportunities

2.3 Contribute to implementing agreed risk management approaches and amending plans to reflect the changing environment

2.4 Contribute to corrective action on risks according to risk management plan and delegated authority

2.5 Contribute to review of contingency plans on an ongoing basis and, where required, ensure tasks allocated to individuals and/or team are clarified with the project manager before implementation

2.6 Apply and monitor risk-contingency measures according to risk management plan

2.7 Identify and report opportunities in the same way as risks

3. Contribute to assessing risk management outcomes

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

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

Foundation Skills

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

Skill 

Performance Criteria 

Description 

Reading

2.4, 2.6, 3.1

  • Applies appropriate strategies to construct meaning from complex texts

Writing

1.1, 1.2, 1.3, 2.7, 3.2

  • Documents results of analyses using required organisational formats
  • Develops project documentations using structure and vocabulary appropriate to audience, context and purpose

Oral communication

1.1, 1.2, 1.3, 2.1, 2.5, 2.7, 3.2

  • Participates in a range of verbal exchanges using clear language and non-verbal features to provide relevant information
  • Uses active listening and questioning techniques to elicit views and opinions of others

Navigate the world of work

2.4

  • Understands responsibilities of own role in terms of its contribution to broader goals of work environment

Interact with others

1.1, 1.2, 1.3, 2.1, 2.5, 2.7, 3.2

  • Selects appropriate communication protocols in a range of work contexts
  • Collaborates and cooperates with others to achieve shared goals

Get the work done

2.1-2.6, 3.1

  • Sequences and schedules required tasks and activities and manages relevant communication
  • Reflects on outcomes to identify opportunities for future improvement
  • Identifies key concepts and principles that may be adaptable to future situations

Unit Mapping Information

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBPMG415 Apply project risk management techniques

BSBPMG415A Apply project risk-management techniques

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion Volume implementation guides are found in 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 1.0.

Performance Evidence

Evidence of the ability to:

  • assist others in identifying and prioritising potential risks and developing risk-management strategies, plans and reporting mechanisms
  • apply, monitor and review risk-control measures, including contingency measures to mitigate risks
  • evaluate, review and report on risk-management processes and make recommendations for future improvements.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • identify tools to help determine potential risks for a specific project
  • explain strategies for managing project risks and their application in different situations
  • explain the importance of risk-contingency measures.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership – project management field of work and include access to:

  • project management documentation for risk management
  • case studies and, where possible, real situations
  • interaction with others.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10