Unit of competency Outline

Date retreived
22/07/2026 8:08 PM AWST

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Identify risk and apply risk management processes

Identify risk and apply risk management processes

Unit of competency
National Code
BSBRSK401
State Code
AUI64
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to identify risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the role.It applies to individuals with a broad knowledge of risk analysis or project management who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or to delegate aspects of these tasks to others.In this unit, risks applicable within own work responsibilities and area of operation, may include projects being undertaken individually or by a team, or operations within a section of the organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify risks
  • 1.1 Identify the context for risk management
  • 1.2 Identify risks using tools, ensuring all reasonable steps have been taken to identify all risks
  • 1.3 Document identified risks in accordance with relevant policies, procedures, legislation and standards
2. Analyse and evaluate risks
  • 2.1 Analyse and document risks in consultation with relevant stakeholders
  • 2.2 Undertake risk categorisation and determine level of risk
  • 2.3 Document analysis processes and outcomes
3. Treat risks
  • 3.1 Determine appropriate control measures for risks and assess for strengths and weaknesses
  • 3.2 Identify control measures for all risks
  • 3.3 Refer risks relevant to whole of organisation or having an impact beyond own work responsibilities and area of operation to others as per established policies and procedures
  • 3.4 Choose and implement control measures for own area of operation and/or responsibilities
  • 3.5 Prepare and implement treatment plans
4. Monitor and review effectiveness of risk treatment/s
  • 4.1 Regularly review implemented treatment/s against measures of success
  • 4.2 Use review results to improve the treatment of risks
  • 4.3 Provide assistance to auditing risk in own area of operation
  • 4.4 Monitor and review management of risk in own area of operation
No information
No information
Replaces
State Code National Code Title Type
D0995 BSBRSK401A Identify risk and apply risk management processes Unit of competency
Replaced By
State Code National Code Title Type
OCF09 BSBOPS403 Apply business risk management processes Unit of competency
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