Unit Descriptor This unit covers maximising results and minimising consequences for a business unit activity by managing risk. It includes establishing the risk management context, planning for risk management, managing risk and evaluating the risk management plan.
In practice, managing risk may overlap with other generalist or specialist public sector work activities such as acting ethically, complying with legislation, applying government systems, managing resources, managing change, managing diversity, formulating business strategies, etc. The unit is one of 4 in the Working in Government and Management Competency fields dealing with risk. Related units are: PSPGOV417A Identify and treat risks
PSPGOV517A Coordinate risk management
PSPMNGT704A Undertake enterprise risk management
This unit replaces and is equivalent to PSPMNGT608A Manage risk. No licensing, legislative, regulatory or certification requirements apply to this unit at the time of publication