Unit of competency Outline
Date retreived
22/07/2026 6:21 PM AWST
22/07/2026 6:21 PM 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.
Manage portfolio risk
Manage portfolio risk
Unit of competency
National Code
BSBPMG817
BSBPMG817
State Code
OCE52
OCE52
TGA Status
Current
Current
DTWD Status
Approved
Approved
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
55
Description
This unit describes the skills and knowledge required to manage the risks within a portfolio. It covers the identification, analysis, monitoring and control of portfolio risks.A portfolio is the centralised management of one or more portfolios of projects, which includes identifying, prioritising, authorising, managing and controlling projects, programs and other related work, to achieve specific strategic business objectives.The unit applies to individuals who operate at the strategic level within the organisation. Unlike projects or programs, a portfolio does not have a finite life, instead it is a continuous process and requires regular tending to ensure the portfolio remains in balance and is consistent with the strategic objectives of the organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish portfolio risks
- 1.1 Establish and review standards and procedures for portfolio risk management according to task requirements
- 1.2 Integrate the portfolio risk management approach with organisational risk management systems and strategies
- 1.3 Analyse organisational risk appetite
- 1.4 Seek input about risks from stakeholders, executive management and other specialists
- 1.5 Identify external and internal threats and opportunities and assess their impact on the portfolio
2. Analyse portfolio risks
- 2.1 Calculate overall portfolio risk profile and organisational exposure using results from project and program risks analysis
- 2.2 Capture and review individual project and program risks on a regular basis to determine the potential impact on the organisation
- 2.3 Audit project and program risks to monitor risk management performance and assess the portfolio risk profile
3. Monitor and control portfolio risks
- 3.1 Implement and manage organisational risk reserves
- 3.2 Explore opportunities identified through risk analysis
- 3.3 Implement strategies to minimise impact of portfolio risks to organisation
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUK53 | BSBPMG808 | Manage portfolio risk | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFR4 | BSB80220 | Graduate Diploma of Portfolio Management | Qualification |