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Evidence Guide: PSPPCM010 - Manage procurement 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

 

PSPPCM010 - Manage procurement risk

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

Assess risk

  1. Identify legislation, policies, business processes and resources impacting the contract.
  2. Identify procurement outcomes and internal inputs required.
  3. Identify and confirm critical success factors required.
  4. Identify non trivial procurement risks.
  5. Identify potential probity risks.
  6. Analyse causes of risk and their potential impact.
  7. Determine likelihood and consequences of risks and develop risk assessments.
Identify legislation, policies, business processes and resources impacting the contract.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify procurement outcomes and internal inputs required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and confirm critical success factors required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify non trivial procurement risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify potential probity risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse causes of risk and their potential impact.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine likelihood and consequences of risks and develop risk assessments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare risk management plan

  1. Develop preliminary risk management plan to address risks identified in planning phase.
  2. Identify acceptable risks and those requiring treatment.
  3. Design treatments to reduce risks to an acceptable level.
  4. Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.
  5. Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.
Develop preliminary risk management plan to address risks identified in planning phase.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify acceptable risks and those requiring treatment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Design treatments to reduce risks to an acceptable level.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and review risk management plan

  1. Implement risk controls and treatments according to the treatment plan.
  2. Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.
  3. Improve risk treatments and controls using review results.
Implement risk controls and treatments according to the treatment plan.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Improve risk treatments and controls using review results.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess risk

  1. Identify legislation, policies, business processes and resources impacting the contract.
  2. Identify procurement outcomes and internal inputs required.
  3. Identify and confirm critical success factors required.
  4. Identify non trivial procurement risks.
  5. Identify potential probity risks.
  6. Analyse causes of risk and their potential impact.
  7. Determine likelihood and consequences of risks and develop risk assessments.
Identify legislation, policies, business processes and resources impacting the contract.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify procurement outcomes and internal inputs required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and confirm critical success factors required.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify non trivial procurement risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify potential probity risks.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse causes of risk and their potential impact.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine likelihood and consequences of risks and develop risk assessments.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare risk management plan

  1. Develop preliminary risk management plan to address risks identified in planning phase.
  2. Identify acceptable risks and those requiring treatment.
  3. Design treatments to reduce risks to an acceptable level.
  4. Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.
  5. Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.
Develop preliminary risk management plan to address risks identified in planning phase.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify acceptable risks and those requiring treatment.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Design treatments to reduce risks to an acceptable level.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement and review risk management plan

  1. Implement risk controls and treatments according to the treatment plan.
  2. Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.
  3. Improve risk treatments and controls using review results.
Implement risk controls and treatments according to the treatment plan.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Improve risk treatments and controls using review results.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Assess risk

1.1 Identify legislation, policies, business processes and resources impacting the contract.

1.2 Identify procurement outcomes and internal inputs required.

1.3 Identify and confirm critical success factors required.

1.4 Identify non trivial procurement risks.

1.5 Identify potential probity risks.

1.6 Analyse causes of risk and their potential impact.

1.7 Determine likelihood and consequences of risks and develop risk assessments.

2. Prepare risk management plan

2.1 Develop preliminary risk management plan to address risks identified in planning phase.

2.2 Identify acceptable risks and those requiring treatment.

2.3 Design treatments to reduce risks to an acceptable level.

2.4 Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.

2.5 Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.

3. Implement and review risk management plan

3.1 Implement risk controls and treatments according to the treatment plan.

3.2 Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.

3.3 Improve risk treatments and controls using review results.

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Assess risk

1.1 Identify legislation, policies, business processes and resources impacting the contract.

1.2 Identify procurement outcomes and internal inputs required.

1.3 Identify and confirm critical success factors required.

1.4 Identify non trivial procurement risks.

1.5 Identify potential probity risks.

1.6 Analyse causes of risk and their potential impact.

1.7 Determine likelihood and consequences of risks and develop risk assessments.

2. Prepare risk management plan

2.1 Develop preliminary risk management plan to address risks identified in planning phase.

2.2 Identify acceptable risks and those requiring treatment.

2.3 Design treatments to reduce risks to an acceptable level.

2.4 Develop plans for implementing new treatments, additional risk controls or modifications to existing controls.

2.5 Monitor risk level at key points during procurement process and, review and adjust risk management plan to cover procurement activity risks not already identified.

3. Implement and review risk management plan

3.1 Implement risk controls and treatments according to the treatment plan.

3.2 Implement risk management plan, monitor and revise to include potential or emerging risks during the life of the procurement activity.

3.3 Improve risk treatments and controls using review results.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

writing risk management plans using templates or a recognised risk management methodology

interpreting complex, formal documents

making verbal and written recommendations about the management of procurement and contracting risks

analysing risks associated with procurement and contract

managing and updating the risk management plan

learning skills to keep up-to-date with relevant procurement legislation, policies and procedures

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

Commonwealth, state or territory, and local government legislation, policies, practices and guidelines relating to contract risk management

organisational procurement policies, practices and approval processes

risk management procedures

probity principles and issues, particularly as they relate to probity risks

codes of conduct, codes of practice and standards of individual behaviour relating to the procurement process

risks associated with financial and accounting issues relevant to procurement and contract management

supplier issues and supply chain management in the context of procurement risk management

aspects of law of contracts, trade practices law and commercial law relevant to risk management relating to complex procurement

equal employment opportunity relevant to procurement and contract management

environmental, sustainability and corporate social responsibility principles relevant to procurement and contract management