Course Title: Manage risk
Part A: Course Overview
Program: C5358 Diploma of Business
Course Title: Manage risk
Portfolio: BUS Portfolio Office
Nominal Hours: 60Regardless 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.
Course Contact: Sylvia Baroutis
Course Contact Phone: (03) 9925 5469
Course Contact Email: email@example.com
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
National Competency Codes and Titles
National Element Code & Title:
BSBRSK501 Manage risk
1. Establish risk context
2. Identify risks
3. Analyse risks
4. Select and implement treatments
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Evidence of the ability to:
analyse information from a range of sources to identify the scope and context of the risk management process including:
political, economic, social, legal, technological and policy context
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
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
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 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.