Analyse risk mitigation in the operations process

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSFMK507, 'Analyse risk mitigation in the operations process'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Analyse risk mitigation in the operations process' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


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. Analyse financial market operation risk profiles

1.1 Determine types and characteristics of financial market risks relevant to organisation’s operations process

1.2 Analyse operations processes to detect risk

1.3 Assess organisation’s operations processes for exposure to identified financial market risks using existing measures and relevant risk measurement techniques and tools

1.4 Rank identified risks against likelihood and organisational impact

2. Identify risk mitigation strategy

2.1 Consider risk mitigation options and treatments for each risk mitigation identified in operations process

2.2 Select appropriate treatment options, and financial and non-financial costs and benefits arising from treatment options

2.3 Review treatment priorities and adequacy of existing controls, and establish need for additional or alternative controls

3. Develop risk mitigation recommendations

3.1 Identify and establish personnel and resources necessary to carry out actions

3.2 Develop viable recommendations to management for each stage of treating organisational risks

3.3 Determine key indicators of progress and success

3.4 Develop monitoring system for effectiveness of risk treatments


Qualifications and Skillsets

FNSFMK507 appears in the following qualifications:

  • FNS51010 - Diploma of Financial Markets
  • FNS51011 - Diploma of Financial Markets
  • FNS51015 - Diploma of Financial Markets