Course Title: Manage risk

Part A: Course Overview

Program: C5225

Course Title: Manage risk

Portfolio: BUS

Nominal Hours: 60.0

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.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T TAFE Business

Distance / Correspondence or Face-to-Face or Workplace


Billabong QLD


650T TAFE Business

Distance / Correspondence or Face-to-Face or Workplace

Course Contact: Seymour Jacobson

Course Contact Phone: 61 3 9925 1563

Course Contact Email:

Course Description

This course deals with the skills and knowledge required to manage risks in a range of contexts across the organisation or for a specific business unit or area. It looks at identification, analysis and treatment of risks and is aligned to Australian and New Zealand national standards for risk management.

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no formal pre-requisites or co-requisites for this course.

National Competency Codes and Titles

National Element Code & Title:

BSBRSK501A Manage risk


1. Establish risk context

2. Identify risks

3. Analyse risks

4. Select and implement

Learning Outcomes

At the completion of this course students will:

  • be able to undertake a risk management plan including a detailed stakeholder analysis, explanation of the risk context, critical success factors, identified and analysed risks, and treatments for prioritised risks
    be able to set risk management plan monitoring arrangement in place
  • be able to evaluate the efficacy of risk management strategies in treating risks
  • understand legislation, codes of practice and national standards associated with risk

Overview of Assessment

Assessment may incorporate a variety of methods including in-class exercises, problem-solving exercises, assignments, group or individual projects, presentations and written or practical tests, as well as homework activities.

Other activities may be workplace-based or simulate work practices. These may include the production of technical requirements documents, direct observation of workplace practices and the presentation of a portfolio of evidence. This portfolio may include documents, photographs, video and/or audio files.

Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.