Course Title: Manage risk

Part B: Course Detail

Teaching Period: Term2 2017

Course Code: BUSM7928C

Course Title: Manage risk

School: 650T Vocational Business Education

Campus: City Campus

Program: C5369 - Diploma of Logistics

Course Contact: Suzanne Maugeri

Course Contact Phone: +61 3 9925 1466

Course Contact Email: suzanne.maugeri@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

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.

Pre-requisites and Co-requisites

None

Course Description

This unit involves the 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.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

BSBRSK501 Manage risk

Element:

1. Establish risk context

Performance Criteria:

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

1.7 Obtain support for risk management activities

1.8 Communicate with relevant parties about the risk management process and invite participation

Element:

2. Identify risks

Performance Criteria:

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

Element:

3. Analyse risks

Performance Criteria:

3.1 Assess likelihood of risks occurring

3.2 Assess impact or consequence if risks occur

3.3 Evaluate and prioritise risks for treatment

Element:

4. Select and implement treatments

Performance Criteria:

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

Learning Outcomes


This course is structured to provide students with the optimum learning experience in order to demonstrate the 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.


Details of Learning Activities

A range of in class activities, case studies and face to face delivery will provide a range of learning and teaching experiences for students.


Teaching Schedule

 

This course is co-delivered with OHTH5872C Ensure a Safe Workplace

The Teaching Schedule for this course is as follows but please note that it is subject to change.

Week

Week Commencing

Topics

Assessment

1

3 Jul

Teacher, student introductions Rules Explain cluster and schedule Assessments and Feedback Deadlines and resubmissions. Results: competency and grades

Introduction to course

  

2

10 Jul

WHS Management Systems

  

3

17 Jul

WHS Management Systems

  

4

24 Jul

Consultation, Induction and Training

  

5

31 Jul

Consultation, Induction and Training

  

6

7 Aug

Hazard Reporting

  

7

14 Aug

Incident Reporting

  

8

21 Aug

Continuous Improvement in WHS

  

28 Aug – 3 Sep  Mid-Semester Break

9

4 Sep

Risk Management Standards and the Risk Context

 Assessment Task 1 Due

10

11 Sep

Risk Management Standards and the Risk Context

 

11

18 Sep

Identify and Document Risks

 

12

25 Sep

Analyse and Evaluate Risks

Assessment Task 2 Due

13

2 Oct

Treating Risks - Risk Control Measures

 

14

9 Oct

Treating Risks - Risk Control Measures

Assessment task 3 Due

15

16 Oct

Revision and Review

 

16

23 Oct

Resits and Resubmissions

  

 

The nominal hours associated with this are a guide only and represent the total teaching time and student effort required to successfully complete the course. This may include not only scheduled classes bit also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

 


Learning Resources

Prescribed Texts


References


Other Resources


Overview of Assessment

Assessment Methods

Assessment methods have been designed to measure achievement of the requirements in a flexible manner over a range of assessment tasks, for example:

  • direct questioning combined with review of portfolios of evidence and third party workplace reports of on-the-job performance by the candidate
  • review of final printed documents
  • demonstration of techniques
  • observation of presentations
  • oral or written questioning to assess knowledge of software applications

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.

Performance  Evidence

You will be required to provide evidence of the following skills:

  • 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.

Knowledge Evidence

You are required to provide evidence of the following:

  • 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.


Assessment Tasks

This course is co-delivered and co-assessed with OHTH5872C Ensure a Safe Workplace 

Students are required to complete 3 tasks. You must successfully complete all 3 tasks to be deemed competent in this unit.

 Assessment Task 1 – Manage a workplace OHS system

Date handed out:  Week 1
Date and time due: Week 9  Friday 5.00pm
Group or Individual: This is an individual assignment,

Purpose: As an employer or manager you must provide a safe and healthy workplace for your workers and contractors. This includes providing safe machinery/equipment and safe systems of work. It also includes identifying and controlling risks and hazards, providing training and supervision as required as well as providing adequate systems and processes for consultation and action in OHS matters.

Requirements: For this assessment task you are the Manager of JM Transport Pty Ltd. The company has just purchased a new warehouse and, according to organisational requirements, procedures for staff induction, identifying hazards and controlling risks need to be developed.  There are two parts to this assessment – an OHS induction program and procedures for identifying hazards and controlling risks.

Assessment Task 2 – Continuous improvement in OHS and Risk Management

Date handed out:  Week 1
Date and time due: Week 12 Friday- 5.00pm
Group or Individual:  This assessments should be completed in groups of no more that 3 students.

Requirements:For this assessment task you need write some general recommendations about how an OHS system can best be evaluated and continuously improved.

Write recommendations for:

  • Data collection on occupational injury and disease in the organisation – how this will be collected, stored and used for continuous improvement
  • Participative arrangements that will assist in ensuring that all employees proactively contribute to workplace OHS and that OHS issues are appropriately and collaboratively resolved.
  • Identifying inadequacies in hazard identification and risk control measures
  • Ensuring that financial and human resource requirements for the OHS system are adequately planned for.

Assessment Task 3 – Risk Management Plan

Date handed out:  Week 3
Date and time due: Week 15 Friday - 5.00pm
Group or Individual: This is an individual assignment,

Purpose: Risks to an organisation’s ability to operate effectively can come from a range of sources. These can include uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary.

As a Manager in the Transport and Logistics Industry, you will need to put systems and processes in place to identify, evaluate and mitigate risks to the organisation.

Requirements: For this assessment you will need to develop a Risk Management Plan for a transport and logistics organisation of your choice. To assist you to complete the plan a Risk Management Plan Template is provided. The template is divided into 4 sections and is designed to be completed as you work your way through the unit. 


Assessment Matrix

Submission Requirements

You should:

  • Ensure that you submit assessments on or before the due date
  • Always retain a copy of your assessment tasks. (Hard copy and soft copy)
  • When you submit work for assessment at RMIT University you need to use a cover sheet that includes a declaration and statement of authorship. You must complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of each assessment task is available on blackboard.
  • Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, s34567, Task 2 – Safety Induction Assessment, OHTH5872C Ensure a Safe Workplace, Page 1.

 

Late Submission Procedures

You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.

 

If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.

More Information: http://www.rmit.edu.au/students/assessment/extension

 

Form to use: http://mams.rmit.edu.au/seca86tti4g4z.pdf

 

Where an extension of greater than seven days is needed, you must apply for special consideration.
Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. More Information: http://www.rmit.edu.au/browse;ID=g43abm17hc9w (unresolved)

 

Form to use: http://mams.rmit.edu.au/8a5dgcaqvaes1.pdf

 

Re-submissions (VE Programs)

If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission.  Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. 

 

If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.

 

Grading & re-submissions

Re-submissions are not graded and do not contribute to your overall grade for the course.

 

Adjustments to Assessment

In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
More Information: http://rmit.edu.au/browse;ID=7usdbki1fjf31

 

Marking Guide (Competency)

You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.

 

You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.

 

Marking Guide (Grading)

After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:

 

Final Grades table

CHD Competent with High Distinction
CDI Competent with Distinction
CC Competent with Credit
CAG Competency Achieved – Graded
NYC Not Yet Competent
DNS Did Not Submit for assessment

 

Further information regarding the application of the grading criteria will be provided by your teacher.

Other Information

Academic Integrity


Plagiarism
Plagiarism is a form of cheating in assessment and may occur in oral, written or visual presentations. It is the presentation of the work, idea or creation of another person, without appropriate referencing, as though it is your own.


The penalties for cheating in assessment are severe, whether the cheating involves plagiarism, fabrication, falsification of data, copyright infringement or some other method. Penalties can include charges of academic misconduct, cancellation of results and exclusion from your course. It is also a disciplinary offence for you to allow your work to be plagiarised by another student.

 

Referencing
RMIT Business produce their own referencing guidelines entitled written reports and essays: guidelines for referencing and presentation in RMIT Business which all Business students should use.


RMIT Business referencing guidelines (RTF, 1,286 KB, 52 pages); A supporting Referencing website has been developed for the RMIT Business guidelines.You can find out more about Academic Integrity at RMIT’s Academic Integrity webpage.

 

Group Assessment
A number of your assessments will rely upon group work. This is a critical part of your program as in the workplace you will be regularly required to work in a team environment. Teamwork is also one of the key employability skills for this qualification.

 

The key to being successful in group work is getting to know your classmates and finding out what they want to achieve. You should seek to find a team which shares your key interests and drivers.

If you are facing issues with your group, the key is to resolve them quickly well before assessments are due. If you need to you can seek support from your teacher.

 

 

Course Overview: Access Course Overview