Release 

Comments 

Release 1

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

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Direct planning of program risk management

1.1 Select and modify the program risk methodology to match the context for risk

1.2 Direct identification, documentation and analysis of program level risks, in consultation with stakeholders, as the basis for project risk-management planning

1.3 Direct, support and mentor project managers in the analysis, evaluation and treatment of risks

1.4 Ensure risk management is visible and dynamic across the program so that risks are assigned and managed in a timely manner

1.5 Develop and maintain a program risk-management system to enable effective management and communication of risks, controls, treatments and outcomes to stakeholders across the program

2. Manage program risk

2.1 Direct management of the program in accordance with agreed program risk-management plans

2.2 Review progress, analyse variance and initiate risk responses to achieve program objectives in dynamic risk environments

2.3 Ensure risks are monitored and assessed across the program at agreed intervals

2.4 Direct response to actuated program risk (issues) and ensure remedial actions are authorised with impact analysis, to achieve program objectives

3. Assess program risk-management outcomes

3.1 Identify and document program residual risk to alert stakeholders of any transferred liability at program completion

3.2 Review and analyse program outcomes to assess the effectiveness of the risk-management methodology

3.3 Analyse, document and recommend lessons learned for application in other programs

Skill 

Performance Criteria 

Description 

Reading

1.1, 3.3

• Applies appropriate strategies to construct meaning from complex texts

Writing

1.2, 3.1, 3.3

• Documents results of consultations clearly and accurately to inform risk-management planning
• Documents risk-management outcomes using format and terminology appropriate to the audience

Oral Communication

1.2, 1.3, 2.1, 2.4

• Participates in verbal exchanges using clear and detailed language, and appropriate features, to provide relevant information
• Uses active listening and questioning techniques to confirm understanding

Interact with others

1.2, 1.3, 2.1, 2.4

• Actively identifies requirements of important communication exchanges, selecting appropriate channels, format and content to suit purpose and audience

Get the work done

1.1, 1.2, 1.4, 1.5, 2.1, 2.2, 2.3, 2.4, 3.1, 3.2, 3.3

• Develops systems and plans for complex, high impact activities that involve a diverse range of stakeholders with potentially competing demands
• Sequences and schedules complex activities, monitors implementation, and adjusts activities or resources as required
• Reviews outcomes considering results from a range of perspectives and identifying key concepts and principles that may be adaptable to future situations

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBPMG616 Manage program risk

BSBPMG608A Direct risk management of a project program

Updated to meet Standards for Training Packages.

Name changed to reflect industry practice.

Edits and additions to performance criteria for elements 1, 2 and 3.

No equivalent unit

Release 

Comments 

Release 1

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