Unit of competency Outline

Date retreived
22/07/2026 5:40 PM AWST

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Manage risk

Manage risk

Unit of competency
National Code
MSMWHS510
State Code
AXN76
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/06/2016
View on TGA
State Implementation and Classification
Approved Date
08/08/2016
Field of Education
061301 - Occupational Health And Safety
Original Release Date
08/08/2016
Nominal Hours
50
Description
This unit of competency covers the skills and knowledge required to develop, implement and evaluate an organisation-wide risk management plan. Risk management is defined as coordinated activities to direct and control an organisation with regard to risk. It incorporates an assessment of all potential risks facing the organisation and the approach, management components and resources to be applied to the management of risk. It focuses on avoiding/eliminating critical incidents rather than on recovering from a disaster.This unit of competency applies to managers or work health and safety (WHS) specialists who are developing or maintaining a risk management plan for their site or organisation. This unit of competency is based on AS/NZS ISO 31000:2009 Risk management - Principles and guidelines and can be applied to any aspect of risk in an organisation. When applied to health, safety and environment (HSE) risks the business and other risks consequent on them are also considered.This unit of competency applies to an individual working alone or as part of a team or group and working in liaison with other shift team members and the control room operator, as appropriate.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Develop risk management plan
  • 1.1 Analyse and interpret strategic position and policy on risk management
  • 1.2 Identify risk management context and potential areas of risk
  • 1.3 Analyse organisational capability to manage risk and achieve objectives
  • 1.4 Generate a comprehensive list of risks that could affect the achievement of the organisation’s objectives
  • 1.5 Establish or review risk management policies
  • 1.6 Evaluate the requirement for training/education for all groups and individuals
  • 1.7 Access external specialist assistance as required
  • 1.8 Establish appropriate risk assessment techniques
  • 1.9 Consult stakeholders in the development of the plan
2 Implement risk management plan
  • 2.1 Define, in consultation with stakeholders, the criteria used to evaluate the significance of risk
  • 2.2 Evaluate and prioritise risks for treatment
  • 2.3 Determine and select the most appropriate options for treating risks
  • 2.4 Implement and monitor risk treatment plan
  • 2.5 Document strategies for risk treatment options
3 Evaluate risk management plan
  • 3.1 Establish procedures to regularly review risk management activities
  • 3.2 Ensure stakeholders have input to the review
  • 3.3 Examine activities that do not achieve their objective/performance outcomes to determine cause
  • 3.4 Identify targets for improvement and update plan
  • 3.5 Establish evaluation of risk management as a key component of all projects/activities
No information
No information
Replaces
State Code National Code Title Type
W8260 MSAPMOHS510A Manage risk Unit of competency