Units of Study – Certificate

1. Apply RiskManagement TechniquesUnit GuideCertificate IV in Project Management 17871Qualification Code BSB41507Unit Code BSBPMG407A

2. Units of Study – Certificate Units in the Certificate IV of Project Management

3. Apply Risk Management Techniques On completion of this unit you will – • have the skills and knowledge required to assist with aspects of risk management within a project • be able to assist in risk identification and planning • be able to contribute to risk control and review activities • This unit is Ungraded which means that you will be found Competent or Not Yet Competent based on the completion of the assessment activities and the evidence of competency provided.

4. Elements of Competency • Each unit of study is composed of elements of competency • Apply Risk Management Techniques comprises 3 elements of competency – • Assist with risk analysis and planning • Conduct risk control activities • Contribute to assessing risk management outcomes • Elements of competency are further broken down into performance criteria, these can be found on the next slides

5. Assist with risk analysis and planning • Contribute to identifying and prioritising potential risks throughout the project life cycle • Provide input, within delegated authority, to develop risk management strategies and risk management plans within established guidelines • Establish risk analysis methods, techniques and tools to assist in the analysis of risks • Ensure reporting mechanisms for risks are planned for and agreed to

6. 2. Conduct risk control activities • Undertake control activities in accordance with agreed project and risk management plans to achieve project objectives • Measure progress and act on perceived, potential or actual risks within authority or report to others for response • Contribute to the implementation of agreed risk approaches and the amendment of plans to reflect the changing environment • Identify and report opportunities for action in the same way as risks

7. 3. Contribute to assessing risk management outcomes • Contribute to the ongoing review of project outcomes to determine the effectiveness of risk management activities by accessing project records and other available information • Report risk management issues and responses to others for lessons learned or application in future projects

8. Associated Readings • Mandatory – • PMBOK Chapter 11 – 11.1, 11.2, 11.3, 11.4, 11.5, 11.6 • Risk Management Standard – AS/NZS 31000:2009 • Risk Management Companion- HB 327:2010 • Recommended – • Learning Guide 1 – Define Project, pages 7 to 9 • Learning Guide 2 – Develop Project Plans, pages 10 and 11 • Learning Guide 3 – Administer & Monitor Project, pages 8 to 12 • Learning Guide 5 – Review project, pages 2 to 5

9. Learning and Assessment Activities Forums - during weeks 9 and 10 • Risk Categorisation • Risk Ratings • Quiz – due week 10 • Project Risk

10. Team Assignment Criteria

11. Best wishes for your studies Crows Nest TAFE and the Business and Commerce Business Line of the Northern Sydney Institute wish you success in your studies!