Course Title: Manage risk

Part A: Course Overview

Program: C5358 Diploma of Business

Course Title: Manage risk

Portfolio: Vocational Education

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Important Information:

None

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BUSM7928C	City Campus	TAFE	525T Business & Enterprise	Face-to-Face or Internet or Workplace	Term1 2022
BUSM7928C	City Campus	TAFE	650T Vocational Business Education	Face-to-Face or Internet or Workplace	Term1 2018, Term2 2018, Term1 2019, Term2 2019, Term1 2020, Term2 2020, Term1 2021, Term2 2021
BUSM8775C	Open Learning Australia	TAFE	650T Vocational Business Education	Internet	Term2 2017

Course Contact: Anahita Barry

Course Contact Phone: (03) 9925 5493

Course Contact Email: anahita.barry@rmit.edu.au

Course Description

This unit describes skills and 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.

It applies to individuals who are working in positions of authority and are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

National Competency Codes and Titles

National Element Code & Title:	BSBRSK501 Manage risk
Elements:	1. Establish risk context 2. Identify risks 3. Analyse risks 4. Select and implement treatments

Learning Outcomes

See Canvas

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence
Evidence of the ability to:
 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
 consult and communicate with relevant stakeholders to identify and assess risks, determine appropriate risk treatment actions and priorities and explain the risk management processes
 develop and implement an action plan to treat risks
 monitor and evaluate the action plan and risk management process
 maintain documentation.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence
To complete the unit requirements safely and effectively, the individual must:
 outline the purpose and key elements of current risk management standards
 outline the legislative and regulatory context of the organisation in relation to risk management
 outline organisational policies, procedures and processes for risk management.

Feedback
Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed.  Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.