Course Title: Manage risk

Part B: Course Detail

Teaching Period: Term1 2020

Course Code: BUSM7928C

Course Title: Manage risk

School: 650T Vocational Business Education

Campus: City Campus

Program: C5369 - Diploma of Logistics

Course Contact: Sam Menai

Course Contact Phone: +61 3 9925 8805

Course Contact Email:

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


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


1. Establish risk context

Performance Criteria:

1.1. Review organisational processes, procedures and requirements for undertaking risk management

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


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


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


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

The course will be delivered in facilitated workshops through the Semester using various media including class discussion, shared experiences, individual and group learning activities, assessment related activities and visual content including industry specific clips, and exploration of relevant websites web in addition to topic related ppt content. Start by clicking on the Course welcome and orientation module then click on each week's button to access the weekly learning materials.

Teaching Schedule

Course Schedule: Risk and Worksafety                                                              Semester 1: 2020




Week 1

10 Feb 2020

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

Introduction to course materials and processes 


Week 2

17 Feb 2020

WHS Management Systems


Week 3

24 Feb 2020

WHS Management Systems


Week 4

02 March 2020

Consultation, Induction and Training


Week 5

9 Mar 2020

Consultation, Induction and Training

Labour Day - 11/03/2019


Week 6

16 Mar 2020

Hazard Reporting


Week 7 

23 Mar 2020

Incident Reporting - Class exercise conducted in Class. This exercise will form part of the assessment for this unit.

1 Ensure s Safe Work Place_Major Class Exercise - Spreadsheet



Week 8

30 Mar 2020

Continuous Improvement in WHS

preparation for upcoming assessment task 1



Mid-semester break

Wed 9 April - Thursday 15 April 2020


Week 9

06 Apr 2020

13 Apr 2020

Risk Management Standards and the Risk Context

preparation for Assessment Task 1 - due next week 


Week 10

20 Apr 2020

Risk Management Standards and the Risk Context

final preparation for Assessment Task 1 - due this week

Assessment 1: Manage WHS for Continuous Improvement

due Friday 24 April, 2020 cob: 5.00 pm

Week 11 

27 Apr 2020

Identify and Document Risks


Week 12

04 May 2020

Analyse and Evaluate Risks


Week 13

11 May 2020

Analyse and Evaluate Risks

Course review in class - Computers required.


Week 14

18 May 2020


Treating Risks - Risk Control Measures


Week 15

25 May 2020


Revision & Review


Treating Risks - Risk Control Measures

Assessment 2: Risk Management Plan

due Friday of this week  cob 5.00pm

Week 16

01 June 2020



 Review and wrap up of the course and last minute enquiries, assistance for late submissions 



Week 17

08 June 2020

Resits & Re-submissions


Learning Resources

Prescribed Texts


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 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

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, the student   will need to put systems and processes in place to identify, evaluate and mitigate risks to the organisation

Assessment Matrix

Course Overview: Access Course Overview