Assessor Resource

PSPMGT014
Undertake enterprise risk management

Assessment tool

Version 1.0
Issue Date: May 2024


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.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

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.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

articulating models of cultural change and influencing key stakeholders to participate

influencing and consulting with others in the implementation of enterprise risk management

explaining complex concepts and gaining support for implementation

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

legislation, regulations, policies, procedures and guidelines relating to risk management

strategic approaches to risk management

the principles of enterprise risk management

models of cultural change

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

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.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

articulating models of cultural change and influencing key stakeholders to participate

influencing and consulting with others in the implementation of enterprise risk management

explaining complex concepts and gaining support for implementation

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

legislation, regulations, policies, procedures and guidelines relating to risk management

strategic approaches to risk management

the principles of enterprise risk management

models of cultural change

This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
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. 
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. 
Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions. 
Support and resource initiatives to embed risk management within organisational culture. 
Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff. 
Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives. 
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. 
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. 
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. 
Communicate strategic priorities to key stakeholders. 
Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation. 
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. 
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. 
Develop and implement strategies to promote knowledge sharing on risk and risk control across organisational functions. 
Support and resource initiatives to embed risk management within organisational culture. 
Resource and embed risk management training and awareness programs in induction and professional development opportunities provided to staff. 
Monitor organisational culture, business outcomes and stakeholder feedback, and identify positive achievements related to risk management initiatives. 
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. 
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. 
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. 
Communicate strategic priorities to key stakeholders. 
Inform key risk management stakeholders, of what constitutes best practice in the area of risk management and its potential impact on the organisation. 

Forms

Assessment Cover Sheet

PSPMGT014 - Undertake enterprise risk management
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PSPMGT014 - Undertake enterprise risk management

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