Course Title: Manage risk
Part B: Course Detail
Teaching Period: Term1 2019
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
Ian Burns
Ian.burns@rmit.edu.au
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 learning activities are planned for this course including self-paced and collaborative classroom based activities.
The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated/real workplace environment.
We expect you to participate and contribute in all scheduled learning activities.
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.
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.
Week |
Week Commencing |
Topics |
Assessment |
1 |
11 Feb 2019 |
Teacher, student introductions Rules Explain cluster and schedule Assessments and Feedback Deadlines and re-submissions. Results: competency and grades Introduction to course |
|
2 |
18 Feb 2019 |
WHS Management Systems |
|
3 |
25 Feb 2019 |
WHS Management Systems |
|
4 |
4 March 2019 |
Consultation, Induction and Training |
|
5 |
11 March 2019 (11 March Labour Day) |
Consultation, Induction and Training |
|
6 |
18 March 2019 |
Hazard Reporting |
|
7 |
25 March 2019 |
Incident Reporting - Class exercise conducted in class. This exercise will form part of the assessment for this unit. 1 Ensure a Safe Workplace_Major class Exercise-Spreadsheet |
|
8 |
01 April 2019 |
Continuous Improvement in WHS Preparation for upcoming assessment task 1 |
|
9 |
08 April 2019 |
Risk Management Standards and the Risk Context Preparation for assessment Task 1 - due next week |
|
10 |
15 April 2019 |
Risk Management Standards and the Risk Context Preparation for assessment Task 1 - due next week |
Assessment Task 1 -Due Manage a workplace WHS system for continuous improvement Friday 19 April 2019 COB 5:00pm |
| Mid semester break 19 - 26th April 2019 | |||
11 |
29 April 2019
|
Identify and Document Risks |
|
12 |
6 May 2019 |
Analyse and Evaluate Risks |
|
13 |
13 May 2019 |
Treating Risks - Risk Control Measures |
|
14 |
20 May 2019 |
Treating Risks - Risk Control Measures |
|
15 |
27 May 2019 |
Revision and Review |
Assessment task 2 - Due Risk Management Plan due Friday 31 May 2019 COB 5:00pm
|
16 |
03 June 2019 |
Resits and resubmissions |
|
17 |
10 June 2019 |
Final re-submissions |
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 not co-assessed with OHTH5872C Ensure a Safe Workplace
Students are required to complete 2 tasks. You must successfully complete each assessment task to be deemed competent in each course.
The assessment task for BUSM7928C Manage Risk is Assessment Task 2 - Risk Management
Assessment Task 1 – Manage a workplace WHS system for continuous improvement
Date and time due: Week 10
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.
Assessment Task 2 – Risk Management Plan
Date and time due: Week 15
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. Note this may include but should not be limited to WHS context.
Assessment Matrix
For these assessment tasks you need to draw upon what you have learned throughout the unit.
Assessment Matrix
The assessment matrix that maps all the assessment is available on CANVAS. Follow this link: Risk and Workplace Safety
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 the Assessment task document that includes a declaration and statement of authorship.
- 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.
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: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
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:https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmissions
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
Successful re-submissions will contribute a CAG only (Competency Achieved Grading) result 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:
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 |
CA |
Competency Achieved – Not 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
Course Overview: Access Course Overview