Unit of competency details

BSBPMG616 - Manage program risk (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes BSBPMG608A - Direct risk management of a project programUpdated to meet Standards for Training Packages. Name changed to reflect industry practice. Edits and additions to performance criteria for elements 1, 2 and 3. 24/Mar/2015


Training packages that include this unit

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 manage risks that might affect program deliverables and organisational objectives. It covers directing the planning and management of program risks, managing risks to the overall program and assessing risk management outcomes for the program and the organisation.

A program is defined as a set of interrelated projects, each of which has a project manager. 'Multiple projects', or 'a program of projects', refers to a number of related projects managed by the same person as a program to achieve organisational objective/s.

It applies to individuals who are program managers, managing or directing a suite of projects (a program) and/or senior project managers.

No licensing, legislative 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. 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

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

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

Unit Mapping Information

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

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.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:

  • direct the planning of program risk management, including:
  • assessment and selection of risk methods to suit risk context
  • directing identification, documentation and analysis of risks as basis for planning
  • directing, supporting and mentoring project managers in analysing, evaluation and treatment of risks
  • ensuring risk management is visible and timely
  • developing and maintaining a risk management system across the program
  • manage program risk, including:
  • managing the program in accordance with plans
  • reviewing progress, analysing variance and initiating risk responses
  • ensuring risks are assigned and monitored across the program at agreed intervals
  • issues are assessed for impact and remedial actions authorised
  • assess project and program risk-management outcomes, including:
  • identifying and documenting residual risk
  • reviewing and analysing program risk outcomes
  • documenting, analysing and recommending lessons learned
  • respond effectively to risk within complex programs that are subject to unpredictable contextual pressures.

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:

  • explain the use of risk management tools, frameworks, systems, methodologies and standards
  • explain the use of a dynamic risk register across a program.

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:

  • workplace risk management documentation
  • feedback from program stakeholders as to how risks were managed.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

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

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