Elements and Performance Criteria

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.

Standards may include:
Australian and international standards
enterprise and industrial agreements
industry codes of practice
industry standards
organisational and industrial agreements
organisational policies, systems and procedures
regulations and legislation.
Project risk context may include:
legislation and regulation controls
nature of project
organisational risk policies and procedures
project environment
stakeholder expectations.
Project risks may include:
predicted future events
threats
opportunities
hazards.
Risk-identification methods may include:
conducting or supervising qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development
lessons learned from previous projects
personal experience input
previous risk registers
risk workshops
subject matter experts
using specialist risk-analysis tools to assist in the decision-making process.
Risk categories may include:
communications
compliance
consultative
environmental
finance
health and safety
human resources
legal
organisational brand
physical
political
project assumptions
project constraints
project process risks
quality
social
technology.
Risk-ranking system may include:
classification rankings from low to high
consequence of risk scale
impact of risk scale
manual or software-based systems
organisational risk policies and methods
predetermined ranking criteria
target and trigger settings.
Delegated authority refers to planning and activities that may:
be conducted routinely or as changing circumstances dictate
be done independently within broad guidance
involve consultation with other project members, teams and internal stakeholders
involve taking a lead role in a team where required
involve the selection, use and supervision of appropriate risk-management methods, tools and techniques.
Risk-management plan may include:
audit trail for risk management over project life cycle
format of information
organisation systems and risk methods
manual and computerised systems
risk register
summary outcome of risk processes.
Risk controls may include:
accepted industry practice and codes of conduct
existing risk planning actions
legislation or regulation over processes
modifications to plans and processes
organisational risk policies and procedures
quality systems
work methods.
Risk-treatment options may include:
accept risk
mitigate risk
transfer or share risk
avoid risk.
Risk-review processes may include:
ad hoc due to emergency events
gateway or stage transition reviews
ongoing through team member assigned responsibility
regular risk discussions at project meetings
scheduled formal reviews.
Risk responses may be made:
in consultation with project team members, section heads, project managers and stakeholders
independently or with endorsement of higher project authority if necessary
regularly throughout the project life cycle
taking into account internal organisational change and external environmental change.

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:

effective risk management for a project of sufficient complexity to demonstrate the full range of performance requirements
applying risk-management techniques, strategies and tools.
Context of and specific resources for assessment
Assessment must ensure:

access to workplace risk-management documentation
consideration of feedback from project stakeholders as to how risks were managed.
Method of assessment
A range of assessment methods should be used to assess practical skill 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
oral or written questioning to assess knowledge of the risk-management framework
analysis of responses in addressing case studies and scenarios that present issues and problems in project risk management
review of risk-management plans
evaluation of monitoring of progress against project plans
assessment of identified and documented risk issues and recommended improvements.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:

other units in the Diploma of Project Management.