Course Title: Manage risk
Part B: Course Detail
Teaching Period: Term1 2020
Course Code: BUSM7928C
Course Title: Manage risk
Important Information:
None
School: 650T Vocational Business Education
Campus: City Campus
Program: C5358 - Diploma of Business
Course Contact: Allan Maree
Course Contact Phone: (03) 9925 1601
Course Contact Email: allan.maree@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 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.
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 |
Element: |
2. Identify risks |
Performance Criteria: |
2.1 Invite relevant parties to assist in the identification of risks |
Element: |
3. Analyse risks |
Performance Criteria: |
3.1 Assess likelihood of risks occurring |
Element: |
4. Select and implement treatments |
Performance Criteria: |
4.1 Determine and select most appropriate options for treating risks |
Learning Outcomes
See Canvas
Details of Learning Activities
A range of learning activities are provided in this course. These include collaborative classroom based activities and online self-paced activities. Classroom: The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated workplace environment. We expect you to participate and contribute in all scheduled learning activities. Pre-Class: This is online, by logging on to your Canvas course, and includes required pre-class reading and activities. Other self-paced activities will be delivered through various technology platforms. These may include your contribution to discussion threads, reflective journals, quizzes and interactive sessions. Sessions: There are two face-to-face classroom sessions for this unit each week which includes tutorials and workshops. There are additional activities to support learning and research.
Teaching Schedule
The course BSBRSK501 Manage risk is clustered (co-delivered and co-assessed) with course BSBSUS501 Develop workplace policy and procedures for sustainability. 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 but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
The Teaching Schedule for this course is as follows:
Week |
Week beginning |
Topics |
Assessment |
1 |
6 April |
Introduction to the course Risk and Sustainability Risk defined. Sustainability defined. Mandatory requirements. Risk principles and standards. Policy manuals. AS/NZS ISO 31000. |
Assessment Workshop |
2 |
20 April |
Risk and Sustainability Management Risk management terms and concepts. Sustainability and key issues. Climate change. Risk management decisions, framework, profile, and maturity. |
Assessment Workshop |
3 |
27 April |
Risk and Sustainability Governance Risk governance and planning. Sustainability and business, Risk management policy, strategy, and culture. Risk appetite |
Assessment Workshop |
4 |
4 May |
Risk and Sustainability Process I Risk management process, matrix, and controls. Risk controls and categories. Risk of unsustainable practices. Risk criteria, profile, and assessment. |
Formative Assessment |
5 |
11 May |
Risk and Sustainability Process II Implement sustainable practices. | Assessment Workshop |
6 |
18 May |
Risk and Sustainability Process III Implement sustainable practices. |
Assessment Workshop |
7 |
25 May |
Risk and Sustainability Process IV Implement sustainable practices. Monitor sustainable practices. Risk register , inter-agency, and State risks. Risk and sustainability resources. Risk insurance. |
Assessment Workshop |
8 |
1 June |
Summary of the course Facilitate Assessment |
Assessment Tasks 1 and 2 Due: 5 June at 5pm |
Learning Resources
Prescribed Texts
References
Other Resources
An electronic copy of a Student Workbook is available for you to download from the Canvas course.
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.
Assessment Tasks
You are required to successfully complete all assessment tasks to be deemed competent in this course. NOTE: Details about specific tasks and assessment criteria will be included in the Learning Management System.
Business Continuity Cluster: Student Assessment Task - Product/ Product-Based/Portfolio
Assessment Task 1: Develop a sustainability policy and procedures. Assessment Task 2: Develop a sustainability and risk management handbook.The above tasks require you to demonstrate the Foundation Skills described in the two units for this Cluster. The Foundation Skills describe language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance. For further information, please refer to the assessment page in the Learning Management System for this course.
Assessment Matrix
The assessment matrix that maps all the assessment is available on Canvas.
Other Information
Submission Requirements
You should:
• Ensure that you submit assessments on or before the due date via Canvas.
• 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 the Assessment task document that includes a declaration and statement of authorship.
• Each page of your assessment should include a footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
Extension of Time. 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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
Form to use is found in the section "How to apply."
Special Consideration. Where more 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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmission (VE Programs)
If you are found to be Not Yet Competent in a course assessment task (or you do not submit the assessment tasks/attend the assessment) 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 in Canvas.
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.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment.
More information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment
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.
- CA Competency Achieved
- NYC Not Yet Competent
- DNS Did Not Submit for assessment
Course Overview: Access Course Overview