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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Direct planning of program risk management
   • Identify potential, actual and residual risks
   • Select and modify program risk methodology to match the context for risk
   • Consult with relevant stakeholders and identify, document and analyse program level risks
   • Support and mentor project managers in the analysis, evaluation and treatment of risks
   • Confirm risk management is transparent and dynamic across the program so that risks are assigned and managed in a timely manner
   • Develop and maintain a program risk-management system for effective management and communication of risks, controls, treatments and outcomes to stakeholders across the program
   • Direct management of the program in accordance with agreed program risk-management plans
   • Review progress, analyse variance and initiate risk responses to achieve program objectives in dynamic risk environments
   • Confirm risks are monitored and assessed across the program at agreed intervals
   • Direct response to actuated program risk and confirm remedial actions are authorised with impact analysis according to program objectives
2. Assess program risk-management outcomes
   • Identify and document program residual risk and communicate to stakeholders any transferred liability at program completion
   • Review and analyse program outcomes to assess the effectiveness of the risk-management methodology
   • Seek feedback and respond to relevant stakeholders on risk management
   • Analyse, document and recommend lessons learned for application in other programs

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

manage program risk on at least one occasion.

In the course of above, the candidate must:

direct the planning of program risk management, including:

assessing and selecting risk methods to suit risk context

directing identification, documentation and analysis of risks as basis for planning

directing, supporting and mentoring project managers in analysing, evaluation and treatment of risks

confirming risk management is transparent and timely

developing and maintaining a risk management system across the program

manage program risk, including:

managing the program

reviewing progress, analysing variance and initiating risk responses

confirming risks are assigned and monitored across the program at agreed intervals

assessing issues are for impact and remedial actions

assess project and program risk-management outcomes, including:

identifying and documenting residual risk

reviewing and analysing program risk outcomes

documenting, analysing and recommending lessons learned

respond to risk within complex programs that are subject to unpredictable contextual pressures.

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Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

the use of risk management tools, frameworks, systems, methodologies and standards

the use of a dynamic risk register across a program.

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