Elements and Performance Criteria

RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Context may include:
any related projects or organisations
any resources, including physical assets, which are vital to operations
key operational elements and service of the organisation
organisation or project, how it is organised and its capabilities
own role and responsibilities in relation to overall project or organisation design
Risks may include:
commercial and legal relationships
economic circumstances and scenarios
human behaviour
individual activities
management activities and controls
natural events
political circumstances
positive risk
technology - technological issues
Tools may include:
documentation to assist in process of identifying risk, and assessing impact and likelihood of occurrence
standard instruments developed for the organisation and contextualised for sections of the workplace's operations, such as checklists and testing procedures
tools to prioritise risks, including where relevant, numerical scoring systems for risks
Stakeholders may include:
contractors
employees
financial managers
insurance agents
managers
public
service providers
suppliers
unions
volunteers
Risk categorisation may include:
likelihood of risks:
almost certain
likely
possible
unlikely
rare
consequences of risks:
insignificant
minor
moderate
major
catastrophic
current control measures
Level of risk may include:
low, treated with routine procedures
moderate, with specific responsibility allocated for the risk, and monitoring and response procedures implemented
high, requiring action, as it has potential to be damaging to the organisation or project
extreme, requiring immediate action, as it has potential to be devastating to the organisation or project
Control measures may include:
hierarchy of controls:
reduction in likelihood of risks
reduction of consequences of risks
retention of risks
risk aversion
transfer of responsibility of risks
Measures of success may include:
costs
reductions in impact
reductions in likelihood
reductions in occurrence

EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
identification, analysis and evaluation of risks
demonstrated understanding of personal role in relation to wider organisational or project context
demonstrated understanding of risk management processes and procedures.
Context of and specific resources for assessment
Assessment must ensure:
access to workplace documentation relating to risk management
access to risk management tools and frameworks.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples 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
review of documentation outlining risk analysis processes and outcomes
analysis of responses to case studies and scenarios
oral or written questioning to assess knowledge of Australian and international standards for risk management
review of implementation of treatment plans.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
general administration units
other risk management units.