Unit of competency Outline

Date retreived
22/07/2026 10:54 AM AWST

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Manage risk

Manage risk

Unit of competency
National Code
AHCBUS608
State Code
BAS53
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080301 - Business Management
Original Release Date
12/01/2017
Nominal Hours
50
Description
This unit of competency describes the skills and knowledge required to manage risks in a range of contexts.All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices and in consultation with the management team.The unit has been designed to be consistent with the applicable Australian Standard.This unit applies to individuals who take personal responsibility for their own work and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities. They must analyse, design and communicate solutions to a range of complex problems.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish risk context
  • 1.1 Review organisational processes, procedures and requirements for undertaking risk management
  • 1.2 Determine scope for risk management process
  • 1.3 Identify internal and external stakeholders and their issues
  • 1.4 Review political, economic, social, legal, technological and policy context
  • 1.5 Review strengths and weaknesses of existing arrangements
  • 1.6 Document critical success factors, goals or objectives for area included in scope
  • 1.7 Obtain support for risk management activities
  • 1.8 Communicate with relevant parties about the risk management process and invite participation
2. Identify risks
  • 2.1 Invite relevant parties to assist in the identification of risks
  • 2.2 Research risks that may apply to scope
  • 2.3 Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties
3. Analyse risks
  • 3.1 Assess likelihood of risks occurring
  • 3.2 Assess impact or consequence if risks occur
  • 3.3 Evaluate and prioritise risks for treatment
4. Select and implement treatments
  • 4.1 Determine and select most appropriate options for treating risks
  • 4.2 Develop an action plan for implementing risk treatment
  • 4.3 Communicate risk management processes to relevant parties
  • 4.4 Ensure all documentation is in order and appropriately stored
  • 4.5 Implement and monitor action plan
  • 4.6 Evaluate risk management process
No information
No information
Replaces
State Code National Code Title Type
D6754 AHCBUS608A Manage risk Unit of competency
Replaced By
State Code National Code Title Type
OBK23 AHCBUS610 Manage agribusiness risk Unit of competency