This unit describes
the skills and knowledge required to manage risks that may impact achievement
of project objectives. It involves identifying, analysing, treating and
monitoring project risks, and assessing risk management outcomes. To
successfully complete the unit of competency, participants will manage project
risk on two (2) occasions. To achieve this, participants will identify and
analyse project risks, establish risk treatments, monitor and control project
risk and assess risk management outcomes.
For assessment and
your project, this means:
- Developing a Risk Management
Plan for your project
- Conducting effective risk
management processes for a project of sufficient complexity
- Applying risk management
techniques, strategies and tools.