Release  

Comments  

Release 1

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

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Identify project risks

1.1 Identify risk objectives and standards, with input from stakeholders

1.2 Identify project risk context to inform risk management processes

1.3 Identify project risks using valid and reliable risk identification methods

2. Analyse project risks

2.1 Identify risk analysis classification criteria and apply to agreed risk ranking system

2.2 Use risk analysis processes, within delegated authority, to analyse and qualify any risks, threats and opportunities

2.3 Identify risk priorities in agreement with project client and other stakeholders

2.4 Document risk analysis outcomes for inclusion in risk register and risk management plan

3. Establish risk treatments and controls

3.1 Identify and document existing risk controls

3.2 Analyse risk treatment options using agreed consultative methods

3.3 Record and implement agreed risk treatments

3.4 Update risk plans and allocate risk responsibilities to project team members

4. Monitor and control project risks

4.1 Establish risk review processes

4.2 Monitor risk environment and identify changed circumstances impacting project risks

4.3 Evaluate risk responses to changed environment

4.4 Implement agreed risk responses and modify plans

5. Assess risk management outcomes

5.1 Review project outcomes for effectiveness of risk-management processes and procedures

5.2 Develop recommended improvements for application in future projects

5.3 Identify and document risk management issues and recommended improvements for application to future projects

SKILL 

DESCRIPTION 

Reading

• Interprets and critically analyses complex texts from a range of sources and determines how content may be applied according to organisational requirements

Writing

• Documents risk analysis and risk controls using required formats and structure
• Modifies and updates workplace documentation according to requirements

Oral Communication

• Participates in verbal exchanges using clear language to provide and seek information
• Uses active listening and questioning techniques to confirm understanding

Numeracy

• Analyses numerical data to identify project risk levels and rank risks according to agreed system of classification

Self-management

• Identifies and adheres to organisational policies and standards
• Considers own role in terms of its contribution to broader goals of work environment

Teamwork

• Selects and uses appropriate conventions and protocols when communicating with internal and external stakeholders to seek or share information
• Identifies requirements of important communication exchanges, selecting appropriate channels, format and content to suit purpose and audience

Planning and organising

• Identifies and develops approaches to risk management and implements complex tasks to achieve outcomes
• Analyses information to make decisions, involving others when appropriate
• Uses formal and informal processes to monitor implementation of decisions and reflect on outcomes

Release  

Comments  

Release 1

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