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Evidence Guide: BSBPMG817 - Manage portfolio 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

 

BSBPMG817 - Manage portfolio risk

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

Establish portfolio risks

  1. Establish and review standards and procedures for portfolio risk management according to task requirements
  2. Integrate the portfolio risk management approach with organisational risk management systems and strategies
  3. Analyse organisational risk appetite
  4. Seek input about risks from stakeholders, executive management and other specialists
  5. Identify external and internal threats and opportunities and assess their impact on the portfolio
Establish and review standards and procedures for portfolio risk management according to task requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Integrate the portfolio risk management approach with organisational risk management systems and strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse organisational risk appetite

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek input about risks from stakeholders, executive management and other specialists

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify external and internal threats and opportunities and assess their impact on the portfolio

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse portfolio risks

  1. Calculate overall portfolio risk profile and organisational exposure using results from project and program risks analysis
  2. Capture and review individual project and program risks on a regular basis to determine the potential impact on the organisation
  3. Audit project and program risks to monitor risk management performance and assess the portfolio risk profile
Calculate overall portfolio risk profile and organisational exposure using results from project and program risks analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Capture and review individual project and program risks on a regular basis to determine the potential impact on the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Audit project and program risks to monitor risk management performance and assess the portfolio risk profile

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor and control portfolio risks

  1. Implement and manage organisational risk reserves
  2. Explore opportunities identified through risk analysis
  3. Implement strategies to minimise impact of portfolio risks to organisation
Implement and manage organisational risk reserves

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explore opportunities identified through risk analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement strategies to minimise impact of portfolio risks to organisation

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 portfolio risk on at least one occasion.

In the course of the above, the candidate must:

apply lessons learned from previous project/programs in portfolio planning

analyse risks and opportunities

communicate risk events, responses and results to stakeholders

develop risk management plans

detail the conduct of risk reappraisal

review the effectiveness of risk management processes, procedures, tools and recommendations

document improvements and risk management lessons learned.

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 management theory

potential risk events

Australian and international risk management standards

the use of qualitative and quantitative risk techniques, including:

cause and effect modelling

risk probability and impact assessment

probability and impact matrix

risk data quality assessment

risk categorisation

risk urgency assessment

enterprise risk management approaches.