Unit of competency Outline

Date retreived
23/07/2026 1:11 AM AWST

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Manage program risk

Manage program risk

Unit of competency
National Code
BSBPMG632
State Code
OCE65
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080315 - Project Management
Original Release Date
16/03/2021
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.The unit 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 Identify potential, actual and residual risks
  • 1.2 Select and modify program risk methodology to match the context for risk
  • 1.3 Consult with relevant stakeholders and identify, document and analyse program level risks
  • 1.3 Support and mentor project managers in the analysis, evaluation and treatment of risks
  • 1.4 Confirm risk management is transparent 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 for 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 Confirm risks are monitored and assessed across the program at agreed intervals
  • 2.4 Direct response to actuated program risk and confirm remedial actions are authorised with impact analysis according to program objectives
3. Assess program risk-management outcomes
  • 3.1 Identify and document program residual risk and communicate to stakeholders any transferred liability at program completion
  • 3.2 Review and analyse program outcomes to assess the effectiveness of the risk-management methodology
  • 3.3 Seek feedback and respond to relevant stakeholders on risk management
  • 3.4 Analyse, document and recommend lessons learned for application in other programs
No information
No information
Replaces
State Code National Code Title Type
AUM17 BSBPMG616 Manage program risk Unit of competency