Assessor Resource
PSPPROC505A
Manage procurement risk
Assessment tool
Version 1.0
Issue Date: May 2024
The unit applies to those in specialist procurement who plan for procurement risks across all stages of the procurement cycle.
This unit covers the ability to manage risks associated with all stages of procurement. It includes assessing risk, and preparing, implementing and reviewing a risk management plan.
In practice, managing procurement risk may overlap with other public sector and local government generalist and specialist work activities, such as promoting the values and ethos of public service or local government, undertaking negotiations, promoting compliance with legislation in the public sector, managing contract performance, finalising contracts, planning to manage a contract, planning for procurement outcomes and making procurement decisions.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
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