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. Identify risks

1.1 Identify the context for risk management

1.2 Identify risks using tools, ensuring all reasonable steps have been taken to identify all risks

1.3 Document identified risks in accordance with relevant policies, procedures, legislation and standards

2. Analyse and evaluate risks

2.1 Analyse and document risks in consultation with relevant stakeholders

2.2 Undertake risk categorisation and determine level of risk

2.3 Document analysis processes and outcomes

3. Treat risks

3.1 Determine appropriate control measures for risks and assess for strengths and weaknesses

3.2 Identify control measures for all risks

3.3 Refer risks relevant to whole of organisation or having an impact beyond own work responsibilities and area of operation to others as per established policies and procedures

3.4 Choose and implement control measures for own area of operation and/or responsibilities

3.5 Prepare and implement treatment plans

4. Monitor and review effectiveness of risk treatment/s

4.1 Regularly review implemented treatment/s against measures of success

4.2 Use review results to improve the treatment of risks

4.3 Provide assistance to auditing risk in own area of operation

4.4 Monitor and review management of risk in own area of operation

Skill 

Performance 

Criteria 

Description 

Reading

1.2

• Comprehends documents and texts of varying complexity to extract and analyse relevant information

Writing

1.3, 2.1, 2.3, 3.5

• Uses specific, industry related terminology and logical organisational structure in workplace documents that identify and analyse risk and report management process outcomes

Oral communication

2.1

• Participates effectively in interactions with stakeholders by using questioning and listening to elicit opinions and clarify understanding

Numeracy

1.2, 4.1

• Uses numerical tools to assess risk and uses numerical data to review plans

Navigate the world of work

1.1, 1.3, 3.3

• Complies with organisational and legislative requirements
• Takes responsibility for identification and management of risk within own work context and refers matters to others as required

Interact with others

2.1

• Selects appropriate communication protocols and conventions when conferring with others to establish risk management requirements

Get the work done

1.1, 1.2, 2.1, 2.2, 3.1, 3.2, 3.4, 3.5, 4.1, 4.2, 4.3, 4.4

• Determines job sequence and works logically and systematically to undertake defined tasks
• Uses analysis and consultative processes to inform decisions about selection and implementation of risk control measures
• Evaluates effectiveness of plans and results to inform improvement decisions
• Uses familiar digital technologies and systems to access information, prepare plans and communicate with others

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBRSK401 Identify risk and apply risk management processes

BSBRSK401A Identify risk and apply risk management processes

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

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