BSBPMG632
Manage program risk


Application

This unit describes the skills and knowledge required to manage risks that might affect program deliverables and organisational objectives. It covers directing the planning and management of program risks, managing risks to the overall program and assessing risk management outcomes for the program and the organisation.

The unit applies to individuals who are program managers, managing or directing a suite of projects (a program) and/or senior project managers.

No licensing, legislative 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. Direct planning of program risk management

1.1 Identify potential, actual and residual risks

1.2 Select and modify program risk methodology to match the context for risk

1.3 Consult with relevant stakeholders and identify, document and analyse program level risks

1.3 Support and mentor project managers in the analysis, evaluation and treatment of risks

1.4 Confirm risk management is transparent and dynamic across the program so that risks are assigned and managed in a timely manner

1.5 Develop and maintain a program risk-management system for effective management and communication of risks, controls, treatments and outcomes to stakeholders across the program

2. Manage program risk

2.1 Direct management of the program in accordance with agreed program risk-management plans

2.2 Review progress, analyse variance and initiate risk responses to achieve program objectives in dynamic risk environments

2.3 Confirm risks are monitored and assessed across the program at agreed intervals

2.4 Direct response to actuated program risk and confirm remedial actions are authorised with impact analysis according to program objectives

3. Assess program risk-management outcomes

3.1 Identify and document program residual risk and communicate to stakeholders any transferred liability at program completion

3.2 Review and analyse program outcomes to assess the effectiveness of the risk-management methodology

3.3 Seek feedback and respond to relevant stakeholders on risk management

3.4 Analyse, document and recommend lessons learned for application in other programs

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:

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.


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:

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

the use of a dynamic risk register across a program.


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:

workplace risk management documentation

feedback from program stakeholders as to how risks were managed.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.


Foundation Skills

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

SKILL

DESCRIPTION

Reading

Applies appropriate strategies to construct meaning from complex texts

Writing

Documents results of consultations clearly and accurately to inform risk-management planning

Documents risk-management outcomes using format and terminology appropriate to the audience

Oral Communication

Participates in verbal exchanges using clear and detailed language and appropriate features, to provide relevant information

Uses active listening and questioning techniques to confirm understanding

Teamwork

Identifies requirements of important communication exchanges, selecting appropriate channels, format and content to suit purpose and audience

Planning and organising

Develops systems and plans for complex, high impact activities that involve a diverse range of stakeholders with potentially competing demands

Sequences and schedules complex activities, monitors implementation, and adjusts activities or resources as required

Reviews outcomes considering results from a range of perspectives and identifying key concepts and principles that may be adaptable to future situations


Sectors

Business Competence – Project Management