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: sam.menai@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 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
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 |
Topics | Assessment |
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 |
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Week 2 17 Feb 2020 |
WHS Management Systems |
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Week 3 24 Feb 2020 |
WHS Management Systems |
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Week 4 02 March 2020 |
Consultation, Induction and Training |
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Week 5 9 Mar 2020 |
Consultation, Induction and Training Labour Day - 11/03/2019 |
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Week 6 16 Mar 2020 |
Hazard Reporting |
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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 |
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Week 8 30 Mar 2020 |
Continuous Improvement in WHS preparation for upcoming assessment task 1 |
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Mid-semester break Wed 9 April - Thursday 15 April 2020 |
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Week 9 06 Apr 2020 13 Apr 2020 |
Risk Management Standards and the Risk Context preparation for Assessment Task 1 - due next week |
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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 |
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Week 12 04 May 2020 |
Analyse and Evaluate Risks |
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Week 13 11 May 2020 |
Analyse and Evaluate Risks Course review in class - Computers required. |
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Week 14 18 May 2020
|
Treating Risks - Risk Control Measures |
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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
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Review and wrap up of the course and last minute enquiries, assistance for late submissions
|
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Week 17 08 June 2020 |
Resits & 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
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