BSBRSK501 Unit Assessment PDF

Australian Business Academy
ABN: 17 072 355 090

ACN: 072 355 090
CRICOS: 01752G
RTO : 88201
Unit Assessment
BSBRSK501 Manage risk
Assessment guidelines
Please read these assessment guidelines carefully:
You may use your student notes, magazines, brochures, periodicals, books, scholarly
publications, the internet, etc. to research and obtain information, though you are not
limited to these.
Citing sources of information: Identify all sources of information. List all references
alphabetically (by first author's name) in a reference section at the end of your assessment.
Make sure that all references cited in the assessment are cited in the reference section and
vice-versa. If you consulted a source but did not use any of that information, do not list it in
the reference section. If you are not sure how to do in-text citations and references, you
should consult your assessor or check the Learner guide.
You should put your name and student ID along with the number of the question you are
answering (header or footer).
Plagiarism: Please refer to your Leaner Handbook for the rules applying to copying work directly
from other sources.
If you have questions and/or other concerns you feel may affect your performance in this
assessment, please inform the assessor immediately.
Assessment and appeals

Your work will be assessed against the performance criteria outlined in the unit rubrics to ensure
you have met the requirements.
Should you be deemed not competent by your assessor and require re-assessment you will be
informed of the process. If you feel the decision made by your assessor was not correct please refer
to your learner handbook for information on the assessment appeals process and the steps you are
required to undertake to lodge an appeal.
Assessment Outcomes
Students will be awarded C = Competent on completion of the entire unit when they have satisfied
appropriate evidence required to meet all criteria. If the students fail to meet the requirements they
will be assessed as NC = Not Competent and may be eligible to be re-assessed under Australian
Business Academy policies and procedures.
Grading competency
Grading will only occur following a learner assessment of competency (see above).
The following additional principles apply to graded assessment:
Grading is applied to each unit of competence(C) once competence is determined. Grading is

transparent (informs the level of performance to the candidate and reflects the methodology used).
Criteria will be developed for each of the levels of reporting below which could include, for example,
employability, depth or breadth of knowledge, work quality, originality and creativity, positive
approaches to learning, level of independence or mastery.
Students guidelines
Students are required to type/write their answers in their own words, cut and pasting from
the internet will not be accepted.
Prior to attempting the unit assessments, students are encouraged to read all e-handouts,
key concepts and notes, slides and recommended websites, as they a directly related to the
unit assessments.
Your assessor may conduct an oral questioning of your research (so make sure you
remember what you write/type).
Assessment condition
Assessment must be conducted in a safe environment where evidence gathered demonstrates
consistent performance of typical activities experienced in the regulation, licensing and risk - risk
management field of work and include access to:
relevant legislation, regulations, standards and codes
relevant workplace documentation and resources
case studies and, where possible, real situations
interaction with others.
Educate Empower Employ
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Part A Essential Knowledge Gathering

Assessment Instructions
This is an individual assessment. The purpose of this assessment is to assess the students knowledge
required to manage risks in a range of contexts across an organisation or for a specific business unit
or area in any industry setting.
To make full and satisfactory responses you should consult a range of learning resources, other
information such as handouts and textbooks, learners resources and slides. All activities must be
answered in order to gain competency for this assessment.
Answer all activities

1. In your own words, explain the term Risk.
possibility of an event (something happens) to the possibility of an effect and, in

particular, an effect on objectives
2. In your own words, explain the term Risk Management.
Risks affecting organizations can have consequences in terms of economic

performance and professional reputation, as well as environmental, safety
and societal outcomes. Therefore, managing risk effectively helps
to perform well in an environment full of uncertainty
3. List and explain 4organizations
categories of Risk.
*
4. What risk management policies or procedures exist for your organisation?
5. List 3 internal and 3 external stakeholders that must be consulted when formulating risk
management strategies.
6. What are the steps in the risk management process?
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Part B Work product (Report on risks)

Assessment instruction
This is an individual assignment. The purpose of this assessment is to assess your ability to
determine the risk context associated with establishing a new business outlet within the existing
business structure. You will be required to review internal and external environment factors, obtain
support for activities and liaise with relevant stakeholders to identify risks.
The assessment task is due on the date specified by your assessor. Any variations to this
arrangement must be approved in writing by your assessor.
Submit this document with any required evidence attached. See the required evidence below for
details.
information such as handouts and textbooks, learners resources and slides. All assessment
requirements must be answered in order to gain competency for this assessment.
Assessment description
For the MacVille Pty Ltd simulated business scenario provided, you are required to assume the role
of Brisbane store Assistant Manager, Ash, who has just been promoted to be Manager of a new
store. Ash has been tasked with conducting a risk management analysis of this new venture.
There are three stages to this project: (1) review, (2) analyse and plan, and (3) monitor. This project
is divided into three assessment tasks as follows:
Assessment Task 1
Assessment Task 2
Assessment Task 3
Risk review report,

email to
stakeholders and
meeting with CEO
Risk analysis report,

action plan and risk
treatment
Monitoring report
For this assessment task, you will need to review the simulated businesss risk management
processes and determine the scope and objectives, taking into account stakeholders and both
internal and external environmental factors affecting the organisation.
Once you have gathered this information, you are to identify risks and write a draft report to the
CEO. You will meet with the CEO to discuss your report, seek support for your findings, and approval
to communicate risk management processes to relevant stakeholders for their feedback and
participation.
Your task
You will assume the role of Ash, Assistant Manager of the Brisbane MacVille caf, who has just been
promoted to Manager of the new Toowoomba store. In preparation for the new venture, Ash has
been tasked with conducting a risk management analysis of this project:
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Excerpt of email from CEO Paula Kinski

From: CEO P. Kinski
To: Assistant Manager Queen Street store
Re: New Toowoomba store
Congratulations on your new appointment. Prior to taking up your position as Manager of our
new Toowoomba store, located in Ruthven Street, the Board of Directors has asked that the risks
in this project be appropriately managed.
I want you to undertake this task as it will give you significant insight into the stores operations, it
will ensure a smooth transition for Hurleys Caf staff into the MacVille family and will encourage
you to give ongoing support for our risk management initiatives.
I would like you to approach this task in three stages and meet with me at the end of each phase
to review your work and discuss your plans for the subsequent phases. The three stages in this
risk management task will include:
1.
Review.
2.
Analyse and plan.
3.
Monitor.
Once I have received your risk review report, we will need to discuss the steps that you will take
in the risk management process.
Regards
P. Kinski
CEO MacVille Cafs (Qld)
1. Review the provided MacVille simulated business scenario information and documentation
provided in the Appendix 1.
2. Write a report for the CEO (your assessor) that addresses the following:
a. The effectiveness of the MacVille Risk Management Framework in supporting the
principles and processes of risk management, set out in the risk management standard
AS/NZS ISO 31000:2009. Outline the purpose and key elements of the standard in your
discussion.
b. Identify and describe the scope of risk management required in your role.
c. Identify and describe the critical success factors, goals or objectives for areas included
in the scope.
d. Identify relevant internal and external stakeholders, their role in the risk management
process, and any issues or concerns they have raised. Complete the Table of
Stakeholders Template (provided in Appendix 3) and attach to your report.
e. Complete a PEST analysis and a SWOT analysis to identify risks associated with the
scenario. Outline the relevant legislation, regulations and standards (including those at
a local level, i.e. Toowoomba Council).
f. Describe the methods of research that you used to complete your PEST and SWOT
analysis. For example, how you approached the simulated business information;
legislation, regulations, etc.; and any other information or research on risk that applies
to the scope of your report.
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g. Complete the analysis of risk for the scenario by summarising the scenario and
identifying a list of risks to the project.
Note: Ensure your report is written in a style appropriate to your stakeholder audience, for example,
using appropriate language and including appropriate illustrative material (such as checklists,
diagrams or flow charts) and attachments to support your summary.
3. Submit your report as per the specifications (see required evidence) on the next page. Be sure
to keep a copy for your records.
4. After you have developed your report, write an email that is intended for relevant
stakeholders (identified in Step 2). Your email should clearly ask stakeholders for input,
include a list of risks you have identified and invite them to assist in identifying any additional
risks.
5. Send the email to the CEO (your assessor) for review and request a meeting to discuss
identified risks and further risk management processes.
6. Meet with the CEO to:
a. discuss your findings, particularly your understanding of the critical success factors and
goals
b. explain the MacVille risk management process
c. discuss how you can communicate with stakeholders about the risk management
processes in this scenario and invite them to participate in discussions to further
identify risks associated with the scenario
d. obtain the CEOs support for ongoing risk management activities
e. ask the CEO for input on additional risks.
7. In dot-point form, summarise your discussion with the CEO. This should include any
recommendations they made to you.
8. Submit the required documents for assessment as per the specifications below. Be sure to
keep a copy for your records.
Required evidence
You must provide:
a risk review report, including a completed table of stakeholders
email communication to stakeholders
summary notes from your meeting with the CEO.
Your assessor will be looking for evidence of:
reading skills to gather, review, interpret and analyse text-based business information
from a range of sources
written and oral communication skills to organise and deliver information to effectively
communicate risk management processes to a range of stakeholders
numeracy skills to interpret mathematical data when reviewing and analysing scenario
business information
ability to work independently as well as collaboratively to make decisions about risk

management
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ability to interact with others using appropriate conventions when communicating to,
and consulting with, stakeholders
ability to sequence and schedule activities and manage communication
ability to analyse relevant information to identify scope, goals and objectives and to
evaluate options
ability to use familiar digital technology to access information, document findings and
communicate them to stakeholders.
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Part C Work product (Analyse and treat risk)

This is an individual assignment. The purpose of this assessment is to assess your ability to analyse
the risks you identified in the simulated business scenario to assess the likelihood and consequence
of risks, evaluate and prioritise risks, and determine options for treatment. You are also required to
develop a risk management action plan for the treatment of risks and communicate it to relevant
stakeholders.
details.
is divided into three tasks as follows:
Assessment Task 1
Risk review report,
email to
stakeholders and
meeting with CEO
Assessment Task 2
treatment
Assessment Task 3
Monitoring report
For this task, you are to use the information you gathered in Assessment Task 1, along with the
simulated business information provided, to examine the likelihood and consequence of identified
risks, prioritise the risks and determine options for treatment of each risk. Using this information you
are required to develop a risk management action plan for implementing risk treatment, document
the plan as required, and communicate the risk management plan to relevant parties.
Your task
Task A
1. Review the MacVille simulated business scenario information and documentation provided in
the Appendices (part C) of this task and in Part B.
2. Develop a report for the CEO (your assessor) that includes the following:
a. For each risk (i.e. the four identified in the scenario for this task), assess the likelihood
of the risk occurring.
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b. For each risk, assess the consequence of the risk occurring.

c. Develop a risk matrix to assist in prioritising the treatment of the identified risks,
including numerical values (e.g. risk matrix)
d. Once you have prioritised the risks, for each, outline at least two suitable options for
treatment.
e. Include an explanation of the process you used to identify risks and assess likelihood,
consequence and priority. Also include an explanation of why the options you have
suggested for treating the risks are:
i.
likely to be effective
ii. feasible for the organisation.

diagrams or flow charts) and attachments to support your findings and process.
3. Develop an action plan (you may use the Risk Management Action Plan template provided in
the Appendix- part C) for implementing risk treatment and attach it to your report.
4. Communicate your analysis to the Board of Directors by submitting your risk analysis report,
along with your risk management plan, to the CEO (your assessor) for internal distribution.
Task B
1. Implement your risk management treatment of one key risk, such as decreased brand
recognition, in accordance with the requirements provided to you by the CEO (your assessor).
You will need to discuss and agree with your assessor how to provide evidence of your
implementation.
Required evidence (Specifications)

You must:
submit a risk analysis report, including a risk matrix
submit a completed risk management action plan
implement one risk treatment and submit evidence as agreed with your assessor.
Your assessor will be looking for evidence of:

reading skills to gather, review, interpret and analyse text-based business information from a
range of sources in order to evaluate risk
written skills to organise and deliver information to effectively communicate risk management
analysis and plan to a range of stakeholders
numeracy skills to interpret mathematical data when reviewing and analysing scenario
business information and evaluating risks and treatment options
ability to work independently to evaluate risks and make decisions about treatment options
ability to interact with others using appropriate conventions when communicating to, and
consulting with, stakeholders
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ability to analyse relevant information to identify and evaluate treatment options
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ABN: 17 072 355 090

ACN: 072 355 090
CRICOS: 01752G
RTO : 88201
Part D Work product (Monitor risk and evaluate processes)

This is an individual assignment. The purpose of this assessment is to assess your ability required to
review the implementation of the risk management action plan you developed in Part B, and
prepare a monitoring report.
details.
is divided into three assessment tasks as follows:
Assessment Task 1
Risk review report,
email to
stakeholders and
meeting with CEO
Assessment Task 2
treatment
Assessment Task 3
Monitoring report
For this task, you are to review the implementation of the risk management action plan you
developed in Part B against the simulated business information provided in this task (Appendix Part
C). Then, you will need to prepare a monitoring report evaluating the outcomes of the action plan
and risk management process.
Your task
1. Review the MacVille simulated business scenario information provided in the Appendix of this
task (part D appendix).
2. Develop a report for the CEO (your assessor), which examines the ongoing implementation of
the risk management action plan.
a. Ensure you include the following sections in your report:
i. Plan a clear summary of the initial risk and the plan implemented to manage it.
ii. Implementation a summary of all actions taken to date in attempting to

manage identified risks.
iii. Outcomes a clear statement identifying continued and/or reduced risks, with
supporting information in tables or graphs where available.
iv. Evaluation a clear analysis of the effectiveness of the risk management plan,
including risk assessment (e.g. risk matrix), by comparing the implementation
with the outcomes.
diagrams or flow charts) and attachments to support your findings and process.
Required evidence (specification)

You must provide:
a monitoring report.
Your assessor will be looking for:
reading skills to review, interpret and analyse text-based business information from a range
of sources in order to evaluate effectiveness of risk management implementation
written skills to organise and deliver information to effectively communicate evaluation of
activities to stakeholders
numeracy skills to interpret mathematical data when reviewing and evaluating scenario
business information effectiveness of activities
ability to work independently to analyse scenario information and evaluate effectiveness of
activities
ability to interact with others using appropriate conventions when communicating to, and
consulting with, stakeholders
ability to analyse relevant information to identify and evaluate effectiveness of activities
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ABN: 17 072 355 090

ACN: 072 355 090
CRICOS: 01752G
RTO : 88201
Assessment criteria
The purpose of the table below is to provide criteria for the review of the evidence you provide and to provide you with detailed feedback about your
performance within this unit of competence.
Component
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
Perform above industry
expectations
Competent-Distinction
Shows a level of mastery
Part B Work product (Report on

risks)
Element 1: Establish risk context
1.1 Review organisational processes,
procedures and requirements for
undertaking risk management in
accordance with current risk
management standards
1.2 Determine scope for risk
management process
1.3 Identify internal and external
stakeholders and their issues
1.4 Review political, economic,
social, legal, technological and policy
context
1.5 Review strengths and
weaknesses of existing
arrangements
1.6 Document critical success
factors, goals or objectives for area
included in scope
Work product did

not achieve the
aims of the task set
due to any of the
following:
lack of basic
understanding of
processes
non-compliance
with legislation or
industry standards
errors in fact.
Work product meets

industry expectations
but contains minor
errors which should be
corrected in future
Work product exceeds

and contains no errors
of fact or process,
compliance to
standards or
compliance with
legislation.
Work product demonstrates deep

level of knowledge command of
skills and proficiency.
Competent-High
Distinction
Shows
excellence in all
areas
Work product
surpasses
industry
expectations in
all aspects.
Component
1.7 Obtain support for risk

management activities
1.8 Communicate with relevant
parties about the risk management
process and invite participation
risks)
Part C Work product (Analyse and
treat risk)
Element 2: Identify risks
2.1 Invite relevant parties to assist in
the identification of risks
2.2 Research risks that may apply to
scope
2.3 Use tools and techniques to
generate a list of risks that apply to
the scope, in consultation with
relevant parties
risks)
treat risk)
Element 3: Analyse risks
3.1 Assess likelihood of risks
occurring
3.2 Assess impact or consequence if
risks occur
3.3 Evaluate and prioritise risks for
treatment
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations
Competent-High
Distinction
Shows
excellence in all
areas
Work product did

not achieve the
due to any of the
following:
lack of basic
understanding of
processes
non-compliance
with legislation or
industry standards
errors in fact
Work product meets

but contains minor
corrected in future

of fact or process,
compliance to
standards or
compliance with
legislation.

Work product
surpasses
industry
expectations in
all aspects.
Work product did

not achieve the
due to any of the
following:
lack of basic
understanding of
processes
non-compliance
with legislation or
industry standards
errors in fact
Work product meets

but contains minor
corrected in future

of fact or process,
compliance to
standards or
compliance with
legislation.

Work product
surpasses
industry
expectations in
all aspects.
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Component

treat risk)
Part D Work product (Monitor risk
and evaluate processes)
Element 4: Select and implement
treatments
4.1 Determine and select most
appropriate options for treating risks
4.2 Develop an action plan for
implementing risk treatment
4.3 Communicate risk management
processes to relevant parties
4.4 Ensure all documentation is in
order and appropriately stored
4.5 Implement and monitor action
plan
4.6 Evaluate risk management
process
risks)
treat risk)
Required knowledge:
1. outline the purpose and key
elements of current risk
management standards
2. outline the legislative and
regulatory context of the
organisation in relation to risk
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations
Work product did

not achieve the
due to any of the
following:
lack of basic
understanding of
processes
non-compliance
with legislation or
industry standards
errors in fact
Work product meets

but contains minor
corrected in future

of fact or process,
compliance to
standards or
compliance with
legislation.

Shows little
understanding of
required content
and or has
misrepresented
essential
knowledge.
Ability to receive identify

required knowledge
from sources such as
standards, legislation
and to memorise
required facts to
perform necessary tasks
Ability to reproduce
knowledge by
specifying
requirements, illustrate
key concepts,
discrimination between
sources and explaining
to others. Ability to
transpose and translate
and apply required
knowledge to novel
situations.
Ability to create knowledge

through analysis
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Competent-High
Distinction
Shows
excellence in all
areas
Work product
surpasses
industry
expectations in
all aspects.
Ability to
evaluate and
ability to
influence others
though clear
presentation of
ideas.
Component
management
outline organisational policies,
procedures and processes for
risk management.
risks)
treat risk)
Performance evidence:
Evidence of the ability to:
1. analyse information from a
range of sources to identify the
scope and context of the risk
management process including:
stakeholder analysis
political, economic, social,
legal, technological and policy
context
current arrangements
objectives and critical success
factors for the area included in
scope
risks that may apply to scope
2. consult and communicate with
relevant stakeholders to
identify and assess risks,
determine appropriate risk
treatment actions and
priorities and explain the risk
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations
Competent-High
Distinction
Shows
excellence in all
areas
Work product did

not achieve the
due to any of the
following:
lack of basic
understanding of
processes
non-compliance
with legislation or
industry standards
errors in fact
Work product contained

minor errors which
should be corrected in
future
Work product meets

of fact or process,
compliance to
standards or
compliance with
legislation

Work product
surpasses
industry
expectations in
all aspects.
3.
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Component
management processes
develop and implement an
action plan to treat risks
4. monitor and evaluate the
management process
5. maintain documentation.
risks)
Foundation Skill
Reading
Comprehends a variety of relatively
complex texts
Gathers, interprets and analyses
textual information from a range of
sources to identify relevant
information
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations
Competent-High
Distinction
Shows
excellence in all
areas
No examples of this
skill were observed
Cannot use this skill
within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts
Examples of this skill

were observed
Can use this skill within
some work processes
Requires assistance with
some tasks
Can deal with some
unfamiliar contexts
Consistently uses this

skill
most work processes
Requires assistance
with some tasks
Can deal with complex
issues
Can deal with some
unfamiliar contexts
Consistently uses this skill

Can use this skill within most work
processes
Does not require assistance with
tasks
Can deal with complex issues
Can deal with some unfamiliar
contexts
No examples of this
skill were observed
within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with

were observed
some work processes
some tasks
Can deal with some
unfamiliar contexts

skill
most work processes
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts

processes
tasks
contexts
Consistently
uses this skill
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts
Consistently
uses this skill
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
3.

risks)
treat risk)
Foundation Skill
Writing
Develops textual material and
organises content in a manner that
effectively documents risk
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Component
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations
management analysis and

assessment priorities and processes
treat risk)
Foundation Skill
Numeracy
Uses numerical tools to assess risk
and uses numerical data to review
plans
unfamiliar contexts
No examples of this
skill were observed
within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts

were observed
some work processes
some tasks
Can deal with some
unfamiliar contexts

skill
most work processes
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts

processes
tasks
contexts

risks)
treat risk)
Foundation Skill
Oral communication
Participates in interactions with
stakeholders using questioning and
listening to elicit opinions, and to
confirm and clarify understanding
No examples of this
skill were observed
within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts

were observed
some work processes
some tasks
Can deal with some
unfamiliar contexts

skill
most work processes
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts

processes
tasks
contexts

risks)
No examples of this
skill were observed

were observed

skill

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Competent-High
Distinction
Shows
excellence in all
areas
most unfamiliar
contexts
Consistently
uses this skill
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts
Consistently
uses this skill
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts
Consistently
uses this skill
Component
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations

treat risk)
Foundation Skill
Navigate the world of work
Refers to organisational processes,
procedures and requirements when
making decisions about risk
management

within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts

some work processes
some tasks
Can deal with some
unfamiliar contexts

most work processes
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts
processes
tasks
contexts

risks)
treat risk)
Foundation Skill
Interact with others
Establishes and uses appropriate
conventions and protocols when
communicating with stakeholders
about risk management
Consults and negotiates with
stakeholders about risk
management processes and
outcomes
risks)
treat risk)
No examples of this
skill were observed
within work
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts

were observed
some work processes
some tasks
Can deal with some
unfamiliar contexts

skill
most work processes
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts

processes
tasks
contexts
No examples of this
skill were observed
within work

were observed
some work processes

skill
most work processes

processes
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Competent-High
Distinction
Shows
excellence in all
areas
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts
Consistently
uses this skill
Can use this skill
within all work
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts
Consistently
uses this skill
Can use this skill
within all work
Component
Not competent
Shows no evidence
of meeting industry
expectations
Competent-Pass
Meets industry
expectations
Competent-Credit
expectations

Foundation Skill
Get the work done
Sequences and schedules a range of
routine and complex activities,
monitors implementation, evaluates
processes and manages relevant
communication
Systematicallyanalyses
information to decide on
appropriate risk management
treatments
Uses digital technologies and
systems to access information,
document plans and communicate
with others
processes
Requires
assistance with
most tasks
Cannot deal with
complex issues
Cannot deal with
unfamiliar contexts

some tasks
Can deal with some
unfamiliar contexts
Requires assistance
with some tasks
issues
Can deal with some
unfamiliar contexts
tasks
contexts
Version 3: 2015
Page | 20
Competent-High
Distinction
Shows
excellence in all
areas
processes
Does not require
assistance with
tasks
Can deal with
complex issues
Can deal with
most unfamiliar
contexts

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Australian Business Academy

ABN: 17 072 355 090

Assessment and appeals

Grading is applied to each unit of competence(C) once competence is determined. Grading is

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Part A Essential Knowledge Gathering

Answer all activities

possibility of an event (something happens) to the possibility of an effect and, in

Risks affecting organizations can have consequences in terms of economic

4. What risk management policies or procedures exist for your organisation?

6. What are the steps in the risk management process?

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Part B Work product (Report on risks)

Risk review report,

Risk analysis report,

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Excerpt of email from CEO Paula Kinski

Analyse and plan.

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a risk review report, including a completed table of stakeholders

email communication to stakeholders

summary notes from your meeting with the CEO.

Your assessor will be looking for evidence of:

ability to work independently as well as collaboratively to make decisions about risk

Educate Empower Employ

ability to sequence and schedule activities and manage communication

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Part C Work product (Analyse and treat risk)

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b. For each risk, assess the consequence of the risk occurring.

ii. feasible for the organisation.

Required evidence (Specifications)

Your assessor will be looking for evidence of:

range of sources in order to evaluate risk

analysis and plan to a range of stakeholders

business information and evaluating risks and treatment options

consulting with, stakeholders

Educate Empower Employ

ability to sequence and schedule activities and manage communication

communicate them to stakeholders.

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Australian Business Academy

ABN: 17 072 355 090

Part D Work product (Monitor risk and evaluate processes)

ii. Implementation a summary of all actions taken to date in attempting to

Required evidence (specification)

Educate Empower Employ

Australian Business Academy

ABN: 17 072 355 090

Part B Work product (Report on

Work product did

Work product meets

Work product exceeds

Work product demonstrates deep

1.7 Obtain support for risk

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Work product did

Work product meets

Work product exceeds

Work product demonstrates deep

Work product did

Work product meets

Work product exceeds