Unit of competency Outline

Date retreived
23/07/2026 1:00 PM AWST

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Manage program risk

Manage program risk

Unit of competency
National Code
BSBPMG616
State Code
AUM17
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080315 - Project Management
Original Release Date
15/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to manage risks that might affect program deliverables and organisational objectives. It covers directing the planning and management of program risks, managing risks to the overall program and assessing risk management outcomes for the program and the organisation.A program is defined as a set of interrelated projects, each of which has a project manager. 'Multiple projects', or 'a program of projects', refers to a number of related projects managed by the same person as a program to achieve organisational objective/s.It applies to individuals who are program managers, managing or directing a suite of projects (a program) and/or senior project managers.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Direct planning of program risk management
  • 1.1 Select and modify the program risk methodology to match the context for risk
  • 1.2 Direct identification, documentation and analysis of program level risks, in consultation with stakeholders, as the basis for project risk-management planning
  • 1.3 Direct, support and mentor project managers in the analysis, evaluation and treatment of risks
  • 1.4 Ensure risk management is visible and dynamic across the program so that risks are assigned and managed in a timely manner
  • 1.5 Develop and maintain a program risk-management system to enable effective management and communication of risks, controls, treatments and outcomes to stakeholders across the program
2. Manage program risk
  • 2.1 Direct management of the program in accordance with agreed program risk-management plans
  • 2.2 Review progress, analyse variance and initiate risk responses to achieve program objectives in dynamic risk environments
  • 2.3 Ensure risks are monitored and assessed across the program at agreed intervals
  • 2.4 Direct response to actuated program risk (issues) and ensure remedial actions are authorised with impact analysis, to achieve program objectives
3. Assess program risk-management outcomes
  • 3.1 Identify and document program residual risk to alert stakeholders of any transferred liability at program completion
  • 3.2 Review and analyse program outcomes to assess the effectiveness of the risk-management methodology
  • 3.3 Analyse, document and recommend lessons learned for application in other programs
No information
No information
Replaces
State Code National Code Title Type
D0946 BSBPMG608A Direct risk management of a project program Unit of competency
Replaced By
State Code National Code Title Type
OCE65 BSBPMG632 Manage program risk Unit of competency