Monitor, Assess and Manage Risk

What Will You Learn?

• Programme Outcomes
• This learning programme is outcomes-based which means we take the responsibility of learning away from the facilitator and place it in your hands.
• Your learning will begin in the workshop where you will identify the skills and knowledge you require in order to meet the specific outcomes and assessment criteria contained in the unit standard.
• In this learning programme, we will be covering the following learning outcomes:
• Module 1: Demonstrate an understanding of potential risks to a
• unit
• Explain the concept of risk with reference to accepted theory and practice
• Identify and explain the factors that could constitute risks to a unit
• Explain the role of organisational policies and procedures in relation to risk management
• Module 2: Identify potential risks and assess the impact thereof
• in a unit
• Identify and document potential risk factors for critical processes in a unit
• Identify and document possible scenarios that could constitute a risk a
• Evaluate and record the possibility of each scenario occurring for future use
• Perform and document an analysis to rate the impact of each scenario on a unit
• Determine the priorities resulting from the impact analysis and document it for implementation in the event of the risk materialising
• Module 3: Develop contingency plans for managing risk
• Develop and document contingency plans in accordance with the entity's policies and procedures
• Communicate contingency plans to relevant stakeholders in accordance with the entity's risk management procedures
• Distribute contingency plans and store it in accordance with the entity's risk management procedures
• Module 4: Test and revise contingency plans
• Test contingency plans in accordance with the entity's risk management procedures
• Document recommendations on improvements to the contingency plans in relation to the findings of the testing
• Revise contingency plans to incorporate recommendations from the testing in accordance with the entity's policies and procedures
• During the workshop you will complete a number of class activities that will form part of your formative assessment. In this you have the opportunity to practice and explore your new skills in a safe environment. You should take the opportunity to gather as much information as you can to use during your workplace learning and self-study.
• The workshop will be followed by summative assessment tasks to be completed through self-study in your workplace. In some cases you may be required to do research and complete the tasks in your own time.