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.
The unit 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
1. Assist with risk analysis and planning | 1.1 Identify project deliverables, objectives and resources 1.2 Identify and prioritise potential and actual risks of project, and advise project manager 1.3 Establish with relevant personnel risk-analysis methods, techniques and tools 1.4 Contribute to developing risk management strategies, approaches and plans according to organisational policies and procedures 1.5 Contribute to developing and implementing risk-reporting mechanisms |
2. Review risks and execute risk-control activities | 2.1 Monitor actual and potential risks according to agreed project and risk management plans and advise project manager of changing circumstances 2.2 Identify opportunities and changing environment for project activities, and advise project manager 2.3 Contribute to amending project and risk management plans and confirming plans reflect the changing environment 2.4 Contribute to reporting opportunities for risk control |
3. Develop contingency plan | 3.1 Contribute to corrective action on risks according to risk management plan and delegated authority 3.2 Contribute to review of contingency plans on an ongoing basis 3.3 Confirm tasks allocated to individuals and teams are agreed with supervisor before implementation 3.4 Apply and monitor risk-contingency measures |
4. Contribute to assessing risk management outcomes | 4.1 Contribute to ongoing review of project outcomes and determine effectiveness of risk management activities 4.2 Seek feedback and identify risk management issues 4.3 Report risk management issues and responses to relevant stakeholders 4.4 Make changes to project management techniques based on feedback received |
Evidence of Performance
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:
apply project risk management techniques during at least two different projects.
In the course of the above, the candidate must:
assist project manager in identifying and prioritising potential risks and developing risk-management strategies, plans and reporting mechanisms
apply, monitor and review risk-control measures, including contingency measures to mitigate risks
evaluate, review and report on risk-management processes and make recommendations for future improvements.
Evidence of Knowledge
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:
risk-analysis methods, techniques and tools, including:
risk management strategies, plans and approaches
risk-reporting mechanisms for projects
collection methods for project risk records and other information according to organisational policies and procedures
risk-contingency measures.
Assessment Conditions
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
project management documentation for risk management
workplace risk management policies and procedures.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.
Foundation Skills
Reading | Applies appropriate strategies to construct meaning from complex texts |
Writing | Documents results of analyses using required organisational formats Contribute to project documentations using structure and vocabulary appropriate to audience, context and purpose |
Oral communication | 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 |
Self-management | Identifies responsibilities of own role in terms of its contribution to broader goals of work environment |
Teamwork | Selects appropriate communication protocols in a range of work contexts Collaborates and cooperates with others to achieve shared goals |
Planning and organising | Sequences and schedules required tasks and activities and manages relevant communication Identifies outcomes to identify opportunities for future improvement |
Sectors
Business Competence – Project Management