BSBPMG415
Apply project risk management techniques


Application

This unit describes the skills and knowledge required to assist with aspects of risk management in a project. It specifically involves planning for, controlling and reviewing risks associated with the project, and assisting in this process where required.

It applies to individuals who are project practitioners working in a project support role.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication.


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Assist with risk analysis and planning

1.1 Contribute to identifying and prioritising potential risks throughout the project life cycle, using established risk-analysis methods, techniques and tools

1.2 Contribute to developing risk management strategies and risk management plans according to established guidelines

1.3 Contribute to developing and implementing risk-reporting mechanisms

2. Perform risk-control activities

2.1 Monitor risks according to agreed project and risk management plans and advise project manager of changing circumstances

2.2 Regularly review current and proposed activities to identify potential and actual risks and opportunities

2.3 Contribute to implementing agreed risk management approaches and amending plans to reflect the changing environment

2.4 Contribute to corrective action on risks according to risk management plan and delegated authority

2.5 Contribute to review of contingency plans on an ongoing basis and, where required, ensure tasks allocated to individuals and/or team are clarified with the project manager before implementation

2.6 Apply and monitor risk-contingency measures according to risk management plan

2.7 Identify and report opportunities in the same way as risks

3. Contribute to assessing risk management outcomes

3.1 Contribute to ongoing review of project outcomes to determine effectiveness of risk management activities by accessing project risk records and other available information

3.2 Report risk management issues and responses to others for lessons learned or application to future projects

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill

Performance Criteria

Description

Reading

2.4, 2.6, 3.1

Applies appropriate strategies to construct meaning from complex texts

Writing

1.1, 1.2, 1.3, 2.7, 3.2

Documents results of analyses using required organisational formats

Develops project documentations using structure and vocabulary appropriate to audience, context and purpose

Oral communication

1.1, 1.2, 1.3, 2.1, 2.5, 2.7, 3.2

Participates in a range of verbal exchanges using clear language and non-verbal features to provide relevant information

Uses active listening and questioning techniques to elicit views and opinions of others

Navigate the world of work

2.4

Understands responsibilities of own role in terms of its contribution to broader goals of work environment

Interact with others

1.1, 1.2, 1.3, 2.1, 2.5, 2.7, 3.2

Selects appropriate communication protocols in a range of work contexts

Collaborates and cooperates with others to achieve shared goals

Get the work done

2.1-2.6, 3.1

Sequences and schedules required tasks and activities and manages relevant communication

Reflects on outcomes to identify opportunities for future improvement

Identifies key concepts and principles that may be adaptable to future situations


Sectors

Management and Leadership – Project Management