Apply business risk management processes (Release 1)


This unit, BSBOPS403, describes the skills and knowledge required to identify business risks and to apply established risk management processes to a defined area of operations that are within the responsibilities and obligations of the work role.  The unit applies to individuals with a broad knowledge of risk analysis or project management who contribute well developed skills in creating solutions to unpredictable problems through analysis and evaluation of information from a variety of sources. They may have responsibility to provide guidance or delegate aspects of these tasks to others. Risks applicable to own work responsibilities and area of operation may include projects being undertaken individually or by a team, or operations within a section of the organisation.

Elements and Performance Criteria

1.    Identify risks.
1.1    Identify context for risk management.
1.2    Undertake required steps to identify risks.
1.3    Document identified risks according to relevant policies, procedures, legislation and standards.

2. Analyse and evaluate risks
2.1. Analyse risks in consultation with relevant stakeholders.
2.2. Undertake risk categorisation and determine level of risk.
2.3. Document analysis processes and outcomes.

3. Treat risks
3.1. Identify control measures for risks.
3.2. Assess strengths and weaknesses of control measures.
3.3. Refer risks to relevant personnel, where required, according to policies and procedure.

3.4. Select and implement control measures for personal area of operation and responsibilities.

4. Monitor and review effectiveness of risk treatments
4.1. Review implemented treatments against measures of success.
4.2. Use review results to improve the treatment of risks.
4.3. Monitor and review management of risk in personal area of operation.

Materials include: 

  • Powerpoint Slides – mapped (104 slides);
  • Supplementary Notes (16 pages);
  • Learner Assessment Workbook (36 pages);
  • Assessor Guide / Benchmarks (41 pages);
  • RPL Kit (Assessor and Participant);
  • Third Party Observation Form; and,
  • Assessment Matrix

Price:  AUD $400.00 + GST


Purchase the RPL Kit and Third Party Report only
PURCHASE NOW: BSBOPS403 RPL Kit and Third Party Report only

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