Unit of competency Outline

Date retreived
22/07/2026 9:58 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 procurement risk

Manage procurement risk

Unit of competency
National Code
PSPPCM010
State Code
AWU36
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
07/03/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
21/07/2016
Nominal Hours
40
Description
This unit describes the skills required to manage risks associated with all stages of procurement. It includes assessing risk, and preparing, implementing and reviewing a risk management plan. This unit applies to those working as public sector staff in roles that involve managing procurement risks.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.Those undertaking this unit would work autonomously while performing complex tasks, in familiar contexts.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
1. Assess risk
  • 1.1 Identify legislation, policies, business processes and resources impacting the contract.
  • 1.2 Identify procurement outcomes and internal inputs required.
  • 1.3 Identify and confirm critical success factors required.
  • 1.4 Identify non trivial procurement risks.
  • 1.5 Identify potential probity risks.
  • 1.6 Analyse causes of risk and their potential impact.
  • 1.7 Determine likelihood and consequences of risks and develop risk assessments.
2. Prepare risk management plan
  • 2.1 Develop preliminary risk management plan to address risks identified in planning phase.
  • 2.2 Identify acceptable risks and those requiring treatment.
  • 2.3 Design treatments to reduce risks to an acceptable level.
  • 2.4 Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.
  • 2.5 Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.
3. Implement and review risk management plan
  • 3.1 Implement risk controls and treatments according to the treatment plan.
  • 3.2 Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.
  • 3.3 Improve risk treatments and controls using review results.
No information
No information
Replaces
State Code National Code Title Type
D3735 PSPPROC505A Manage procurement risk Unit of competency