Unit of competency Outline
Date retreived
22/07/2026 6:29 AM AWST
22/07/2026 6:29 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Apply risk management techniques
Apply risk management techniques
Unit of competency
National Code
BSBPMG407A
BSBPMG407A
State Code
D0927
D0927
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
24/10/2014
Field of Education
080301 - Business Management
Original Release Date
24/10/2014
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to assist with aspects of risk management within a project. It specifically involves assisting the project team to plan for, control and review risks associated with the project.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Assist with risk analysis and planning
- 1.1. Contribute to identifying and prioritising potential risks throughout the project life cycle
- 1.2. Provide input, within delegated authority, to develop risk management strategies and risk management plans within established guidelines
- 1.3. Establish risk analysis methods, techniques and tools to assist in the analysis of risks
- 1.4. Ensure reporting mechanisms for risks are planned for and agreed to
2. Conduct risk control activities
- 2.1. Undertake control activities in accordance with agreed project and risk management plans to achieve project objectives
- 2.2. Measure progress and act on perceived, potential or actual risks within authority or report to others for response
- 2.3. Contribute to the implementation of agreed risk approaches and the amendment of plans to reflect the changing environment
- 2.4. Identify and report opportunities for action in the same way as risks
3. Contribute to assessing risk management outcomes
- 3.1. Contribute to the ongoing review of project outcomes to determine the effectiveness of risk management activities by accessing project records and other available information
- 3.2. Report risk management issues and responses to others for lessons learned or application in future projects
subject to frequent change in a multi-disciplinary environment
under limited guidance and supervision
within agreed authorisation and limits
within established organisational framework, procedures and routines
using personal experience and/or subject matter experts
assisting in qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development
using specialist risk analysis tool/s to assist in the decision making process
higher project authorities
project manager
project specialists or personnel
team members
better means of achieving a result
changes in the project or broader environment that offer scope for rescheduling activities to better effect
efficiencies or methods to work more effectively, such as ways of shortening an activity
initial project activities that reveal entirely different sets of priorities for example, product development, research and policy development
responses to changing commercial/competitive conditions
agreed major milestones, for example phases and sub-contracts
change of key personnel
delivery of major deliverables
finalisation of project and other agreed milestones
lists of potential risk events (risk register/log)
project and/or organisation files and records
risk analysis and reappraisal
risk diaries, incident logs, occurrence reports and other such documentation
risk management lessons learned
risk management plan
under limited guidance and supervision
within agreed authorisation and limits
within established organisational framework, procedures and routines
using personal experience and/or subject matter experts
assisting in qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development
using specialist risk analysis tool/s to assist in the decision making process
higher project authorities
project manager
project specialists or personnel
team members
better means of achieving a result
changes in the project or broader environment that offer scope for rescheduling activities to better effect
efficiencies or methods to work more effectively, such as ways of shortening an activity
initial project activities that reveal entirely different sets of priorities for example, product development, research and policy development
responses to changing commercial/competitive conditions
agreed major milestones, for example phases and sub-contracts
change of key personnel
delivery of major deliverables
finalisation of project and other agreed milestones
lists of potential risk events (risk register/log)
project and/or organisation files and records
risk analysis and reappraisal
risk diaries, incident logs, occurrence reports and other such documentation
risk management lessons learned
risk management plan
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
application of risk management techniques in relation to multiple complex projects
knowledge of risk management methods, techniques and tools.
Context of and specific resources for assessment
Assessment must ensure:
access to examples of project management documentation for risk management.
Method of assessment
A range of assessment methods should be used to assess practical skill and knowledge. The following assessment methods are appropriate for this unit:
direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
analysis of responses addressing case studies and scenarios which present issues and problems in project risk management
oral or written questioning to assess knowledge of strategies for managing project risk and their application to different situations
review of risk analysis methods, techniques and tools
review of risk management plans
evaluation of reporting of risk management issues and responses.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
other units from the Certificate IV in Project Management.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
application of risk management techniques in relation to multiple complex projects
knowledge of risk management methods, techniques and tools.
Context of and specific resources for assessment
Assessment must ensure:
access to examples of project management documentation for risk management.
Method of assessment
A range of assessment methods should be used to assess practical skill and knowledge. The following assessment methods are appropriate for this unit:
direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
analysis of responses addressing case studies and scenarios which present issues and problems in project risk management
oral or written questioning to assess knowledge of strategies for managing project risk and their application to different situations
review of risk analysis methods, techniques and tools
review of risk management plans
evaluation of reporting of risk management issues and responses.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
other units from the Certificate IV in Project Management.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C7056 | BSBPM407A | Apply risk management techniques | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| WG094 | BSBPMG415A | Apply project risk-management techniques | Unit of competency |