Unit of competency Outline

Date retreived
22/07/2026 9:24 AM AWST

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Minimise risk of new technologies to business solutions

Minimise risk of new technologies to business solutions

Unit of competency
National Code
ICTSAD503
State Code
AUW03
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
020305 - Systems Analysis And Design
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to identify and plan to minimise the business and technological risks associated with business solutions that utilise new technologies.It applies to individuals who are responsible for performing complex technical analysis to provide solutions to complex problems.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish the risk context
  • 1.1 Review organisational and technical environment and proposed business solution
  • 1.2 Identify scale, importance and complexity of project risks
  • 1.3 Establish acceptable and unacceptable levels of risk and consequences for the solution
  • 1.4 Identify the impact of risks against the business environment
  • 1.5 Determine and document proposed actions to insure against identified generic risks
2. Conduct risk analysis
  • 2.1 Conduct a risk analysis to determine the likelihood of risks identified
  • 2.2 Rank risk factors according to the impact and likelihood of occurrence
  • 2.3 Develop contingency plans to mitigate identified risks
  • 2.4 Document risk analysis and contingencies in a risk management plan
  • 2.5 Implement risk management plans and undertake awareness training to inform stakeholders
3. Monitor risks
  • 3.1 Establish feedback channels to warn of unforeseen and identified risks
  • 3.2 Conduct regular reviews to identify new risks and update established risks
  • 3.3 Document changes to risk management plans as appropriate
No information
No information
Replaces
State Code National Code Title Type
D8109 ICASAD503A Minimise risk of new technologies to business solutions Unit of competency
Replaced By
State Code National Code Title Type
ODT10 ICTSAD510 Manage risks when implementing new technologies Unit of competency