Unit of competency Outline

Date retreived
23/07/2026 1:05 AM AWST

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Apply risk management strategies to own work

Apply risk management strategies to own work

Unit of competency
National Code
FNSRSK411
State Code
OBR68
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
01/07/2020
View on TGA
State Implementation and Classification
Approved Date
02/10/2020
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
02/10/2020
Nominal Hours
45
Description
This unit describes the skills and knowledge required to apply an organisation's risk management strategies to own work and use risk mitigation and elimination techniques and tools to manage risk. It includes reporting risk management or compliance breaches or concerns.It applies to individuals who use specialised knowledge, follow organisational policy and strategies and use discretion within limits of own job role to manage risk.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify and confirm risk management strategies
  • 1.1 Research organisational, legislative and regulatory requirements and standards for risk management as indicated by regulators applicable to own job role
  • 1.2 Access and interpret organisational strategy, policy and procedures for risk management
  • 1.3 Clarify and confirm own risk management accountabilities and responsibility with key stakeholders as required
2. Apply risk management strategies
  • 2.1 Determine appropriate organisational strategies and tools for controlling risks in own job role
  • 2.2 Determine appropriate tools and strategies for controlling risk where own job role intersects with work of others
  • 2.3 Choose and apply tools and strategies to own area of operation and responsibility
3. Report risk management breaches or concerns
  • 3.1 Identify and record evidence of a breach or concern
  • 3.2 Determine organisational procedure to follow in event of breach or concern
  • 3.3 Report breach or concern as indicated by organisational procedure
  • 3.4 Record notification of breach or concern according to organisational procedure
4. Review and propose improvements to risk management strategies
  • 4.1 Establish regular processes to monitor, audit and review application of risk management strategies to own work practice
  • 4.2 Identify opportunities for improvements in risk management strategies and recommend to appropriate stakeholders according to organisational procedure
No information
No information
Replaces
State Code National Code Title Type
AUS87 FNSRSK401 Implement risk management strategies Unit of competency