Unit of competency Outline

Date retreived
22/07/2026 8:12 PM AWST

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Identify business risk

Identify business risk

Unit of competency
National Code
BSBOPS302
State Code
OCD61
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
16/03/2021
Nominal Hours
35
Description
This unit describes the skills and knowledge required to contribute to business operations through the identification of business risk. It involves identifying business risks, as well as supporting managers and supervisors in mitigating risk.The unit applies to those required to contribute to the identification of business risks as part of broader responsibilities. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1.Establish business risk
  • 1.1 Identify potential business risks according to task requirements
  • 1.2 Assess organisational policies and procedures for addressing risks
  • 1.3 Identify organisational personnel involved in addressing relevant risk types
2. Mitigate business risk
  • 2.1 Analyse potential consequences for organisation of identified risks
  • 2.2 Address risks according to organisational policies and procedures, escalating, where required
  • 2.3 Document steps to mitigate identified risks according to organisational policies and procedures
3. Finalise resolution of business risk
  • 3.1 Confirm steps taken with relevant organisational personnel
  • 3.2 Seek feedback on response with relevant organisational personnel
  • 3.3 Contribute to identifying ways to minimise future risk in consultation with relevant organisational personnel
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