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Evidence Guide: BSBPMG536 - Manage project risk

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

BSBPMG536 - Manage project risk

What evidence can you provide to prove your understanding of each of the following citeria?

Identify project risks

  1. Identify risk objectives and standards, with input from stakeholders
  2. Identify project risk context to inform risk management processes
  3. Identify project risks using valid and reliable risk identification methods
  4. Identify risk analysis classification criteria and apply to agreed risk ranking system
  5. Use risk analysis processes, within delegated authority, to analyse and qualify any risks, threats and opportunities
  6. Identify risk priorities in agreement with project client and other stakeholders
  7. Document risk analysis outcomes for inclusion in risk register and risk management plan
Identify risk objectives and standards, with input from stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify project risk context to inform risk management processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify project risks using valid and reliable risk identification methods

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risk analysis classification criteria and apply to agreed risk ranking system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use risk analysis processes, within delegated authority, to analyse and qualify any risks, threats and opportunities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risk priorities in agreement with project client and other stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document risk analysis outcomes for inclusion in risk register and risk management plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish risk treatments and controls

  1. Identify and document existing risk controls
  2. Analyse risk treatment options using agreed consultative methods
  3. Record and implement agreed risk treatments
  4. Update risk plans and allocate risk responsibilities to project team members
Identify and document existing risk controls

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse risk treatment options using agreed consultative methods

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and implement agreed risk treatments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Update risk plans and allocate risk responsibilities to project team members

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and control project risks

  1. Establish risk review processes
  2. Monitor risk environment and identify changed circumstances impacting project risks
  3. Evaluate risk responses to changed environment
  4. Implement agreed risk responses and modify plans
Establish risk review processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor risk environment and identify changed circumstances impacting project risks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate risk responses to changed environment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement agreed risk responses and modify plans

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess risk management outcomes

  1. Review project outcomes for effectiveness of risk-management processes and procedures
  2. Develop recommended improvements for application in future projects
  3. Identify and document risk management issues and recommended improvements for application to future projects
Review project outcomes for effectiveness of risk-management processes and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop recommended improvements for application in future projects

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and document risk management issues and recommended improvements for application to future projects

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge

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 project risk on at least two occasions.

In the course of the above, the candidate must:

conduct effective risk management processes for a project of sufficient complexity

apply risk management techniques, strategies and tools.

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:

project risks in a range of risk categories

key components of a risk management plan

relevant project risk controls

industry sector risk classifications and different risk contexts

organisational and industry standard risk frameworks

project risk-management processes and procedures

characteristics, techniques and applications of quantitative and qualitative risk management techniques and approaches.