Unit of competency Outline

Date retreived
22/07/2026 7:03 AM AWST

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Direct risk management of a project program

Direct risk management of a project program

Unit of competency
National Code
BSBPMG608A
State Code
D0946
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/03/2009
State Implementation and Classification
Approved Date
30/05/2014
Field of Education
080315 - Project Management
Original Release Date
30/05/2014
Nominal Hours
50
Description
This unit describes the performance outcomes, skills and knowledge required to manage factors that might adversely affect the project program and organisational outcomes. It covers directing the planning and management of project risks, managing risks to the overall program and assessing risk management outcomes for the program and the organisation.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Direct planning of project risk management
  • 1.1. Direct potential, perceived and actual risk events for identification, documentation and analysis, in consultation with project managers and appropriate stakeholders, as the basis for project risk management planning
  • 1.2. Select and modify project risk management methods, techniques and tools for project managers to analyse information, evaluate options and determine preferred risk approaches within the overall program environment
  • 1.3. Direct development, communication and implementation of project risk management plans and strategies to ensure clarity of understanding and achievement of project objectives across the program
  • 1.4. Develop and maintain a project risk management system to enable effective management and communication of risk events, responses and results to stakeholders across projects within the program
2. Direct management of project risk and manage program risk
  • 2.1. Manage the program in accordance with agreed project risk management plans
  • 2.2. Review progress, analyse variance and initiate risk responses to achieve program and multiple project objectives in changing environments
  • 2.3. Direct risks to multiple project outcomes for monitoring, and ensure remedial actions are authorised to achieve project objectives
3. Assess project and program risk management outcomes
  • 3.1. Review and analyse project outcomes to assess the effectiveness of the project risk management system for projects, program and organisational outcomes
  • 3.2. Aggregate, analyse and structure lessons learned, for project managers and senior management to undertake strategic review and planning
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.
Risk management planning may:
be conducted substantially non-routinely to meet complex and changing circumstances
be done independently or by taking the lead in a multiple projects team environment
involve consultation with project managers and with selective involvement of stakeholders within and external to the organisation
involve the selection, modification and direction of the use of appropriate risk management methods processes, procedures, tools and techniques
take into account the impact of organisational and environmental change on the program and vice versa
Risk management methods, techniques and tools may involve:
assessing and reporting the potential impact of multiple projects' risk on the organisation
calling upon personal experience and/or subject matter experts
collating and using the products of specialist risk analysis to make program-wide risk management decisions
conducting or directing qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development
Risk management plans may include:
assigned risk responsibilities
contingency plans
formal arrangements
occupational health and safety (OHS) risks
potential risk events
preferred and alternative risk management strategies and actions
responsibility assignment
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:
demonstrated experience in successfully directing risk management efforts across a range of concurrent projects
knowledge of risk management tools, frameworks, systems, methodologies and standards.
Context of and specific resources for assessment
Assessment must ensure:
access to workplace risk management documentation
consideration of feedback from project teams and 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 of scope management techniques by the candidate
analysis of responses addressing different project risk management case studies and scenarios
oral or written questioning to assess knowledge of strategies for managing project risks and their application to different situations
review of the development, communication and implementation of project risk management plans.
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 Advanced Diploma of Project Management.
Replaces
State Code National Code Title Type
C7074 BSBPM608A Direct risk management of multiple projects/programs Unit of competency
Replaced By
State Code National Code Title Type
AUM17 BSBPMG616 Manage program risk Unit of competency