Unit of competency Outline

Date retreived
22/07/2026 12:48 PM AWST

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Undertake enterprise risk management

Undertake enterprise risk management

Unit of competency
National Code
PSPMGT014
State Code
AWU47
TGA Status
Replaced
DTWD Status
Replaced
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
080301 - Business Management
Original Release Date
21/07/2016
Nominal Hours
60
Description
This unit describes the skills required to develop a risk management culture in the organisation to maximise the strategic outcomes. It includes influencing organisational culture and providing strategic direction in risk management.This unit applies to those working in roles involved in enterprise risk management.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 independently performing complex tasks in a range of familiar contexts.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
1. Influence organisational culture
  • 1.1 Promote and reflect the strategic advantages of embedding risk management within organisational culture through the leadership position adopted on all matters related to the management of enterprise risk.
  • 1.2 Embed risk management requirements and performance indicators in senior position profiles, organisational strategies, policies and plans to mainstream risk management as part of normal business operations.
  • 1.3 Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions.
  • 1.4 Support and resource initiatives to embed risk management within organisational culture.
  • 1.5 Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff.
  • 1.6 Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives.
2. Provide strategic direction in risk management
  • 2.1 Identify, analyse and communicate future trends and issues that may impact on the organisation’s risk management strategies to senior management, business unit and line managers.
  • 2.2 Identify the impact of current and changing needs of the organisation, and initiate the development of strategies to address risk management at the enterprise level.
  • 2.3 Develop strategic priorities for risk management in the organisation to support overall government policies on risk management and to encourage staff to share information and think laterally.
  • 2.4 Communicate strategic priorities to key stakeholders.
  • 2.5 Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation.
No information
No information
Replaces
State Code National Code Title Type
C8222 PSPMNGT704A Undertake enterprise risk management Unit of competency
Replaced By
State Code National Code Title Type
ODX67 PSPGEN136 Undertake enterprise risk management Unit of competency