BSBPMG415 Apply
Project RiskManagement
Techniques
Online Delivery
Delivery and
Assessment
Guide
Northern Sydney Institute
School of Business and
Finance
St Leonards Campus
Delivery and Assessment Guide
Table of Contents
Facilitator and Head Teacher Contact Details ..................................................................................... 3
Unit of Competency: BSBPMG415 Apply Project Risk-Management Techniques .............................. 3
Elements....................................................................................................................................... 3
Resources ............................................................................................................................................. 4
Assessment .......................................................................................................................................... 4
Assessment Task 1: Individual Assignment.................................................................................. 4
Assessment Task 2: Quiz .............................................................................................................. 7
Assessment Task 3: Forum postings ............................................................................................ 8
Additional Assessment Information ............................................. Error! Bookmark not defined.
Appendix A – Assessment Task 1 - Workbook for Apply Project Risk Management Techniques ..... 11
Element 1: Assist with risk analysis and planning ...................................................................... 11
Element 2: Conduct risk control activities ................................................................................. 15
Element 3: Contribute to assessing risk management outcomes ............................................. 16
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Facilitator and Head Teacher Contact Details
Facilitator Name: Alison Roberts
Email Address: Alison.Roberts7@det.nsw.edu.au
Other contact details: 9942 0234
Head Teacher Name: Deborah Evans, Business Services
Email Address: Deborah.Evans@det.nsw.edu.au
Unit of Competency: BSBPMG415 Apply Project Risk-Management
Techniques
Elements
Element
Performance Criteria
1. Assist with risk analysis
and planning
1.1 Contribute to identifying and prioritising potential risks
throughout the project life cycle, using established risk-analysis
methods, techniques and tools
1.2 Contribute to developing risk-management strategies and riskmanagement plans according to established guidelines
1.3 Contribute to developing and implementing risk-reporting
mechanisms
2. Perform risk-control
activities
2.1 Monitor risks according to agreed project and risk-management
plans and advise project manager of changing circumstances
2.2 Regularly review progress and future activity for the purpose of
identifying potential and actual risks and opportunities
2.3 Contribute to implementing agreed risk-management
approaches and amending plans to reflect the changing
environment
2.4 Contribute to corrective action on risks according to the riskmanagement plan and delegated authority
2.5 Contribute to the review of contingency plans on an ongoing
basis and, where required, ensure tasks allocated to individuals
and/or team are clarified with the project manager before
implementation
2.6 Apply and monitor risk-contingency measures according to the
risk-management plan
2.7 Identify and report opportunities in the same way as risks
3. Contribute to assessing
risk-management
outcomes
3.1 Contribute to the ongoing review of project outcomes to
determine the effectiveness of risk-management activities by
accessing project risk records and other available information
3.2 Report risk-management issues and responses to others for
lessons learned or application to future projects
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The complete unit of competency is available on the Training.Gov.Au website.
Resources
The following resources are required for this unit:
Resource
Additional Information
A Guide to the
Project
Management Body
of Knowledge 5th
Edition
A Guide to the Project Management Body of Knowledge (PMBOK® Guide),
Newtown Square PA, Project Management Institute, 2013, 5th edition
ISBN13: 978-1-935589-67-9
Optional: Project
Management in
Practice
Project Management in Practice by Pearson, Larson and Gray, McGraw-Hill,
2013, ISBN13: 9781743077238
studEspace
(Learning
Management
System)
Apply Project Risk Management Techniques Site at:
http://nsfsakai.nthsydney.tafensw.edu.au/library/skin/nsi/home.html
Assessment
Task Overview
Due Date
Weighting
Unit of Competency
Elements
1. Individual Assignment
Refer to timetable
Satisfactory/
Not
Satisfactory
BSBPMG415 Apply Project
Risk-Management
Techniques
2. Quiz – 15 multiplechoice questions
Refer to timetable
Satisfactory/
Not
Satisfactory
BSBPMG415 Apply Project
Risk-Management
Techniques
3. Forum postings
Refer to timetable
Satisfactory/
Not
Satisfactory
BSBPMG415 Apply Project
Risk-Management
Techniques
Assessment Task 1: Individual Assignment
Student Instructions
Project Choice
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Your selected project must be agreed between you and your facilitator so that its methodology,
tools and techniques conform to the performance requirements of each Unit of Competency
before you start work on the unit.
You may use the same project for all units in this Course, unless your selected project changes
during the Course or cannot conform to the performance requirements of any of the Units of
Competency. If either or both of these events occur during your course, you must contact your
facilitator to find out what you need to do to continue to satisfy the Course performance
requirements and achieve competency.
Your selected project must have:
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a practical and comprehensive project plan
a documented communications strategy
a detailed project budget
strategic engagement with stakeholders
a risk, issues and change-management methodology
a quality plan with assurance and control processes
a supportive team-based environment.
Note: it is recommended the project be undertaken within an organisation, business or you are
operating as a consultant. If you continue to the Diploma of Project Management this is
mandatory and it is a mandatory requirement for certification with the Australian Institute of
Project Management.
Workbook
Use the Workbook provided in Appendix A to answer the questions.
All questions in this assignment must be applied to your project (unless otherwise stated) and
specific answers (not just theory) are required to show you can apply what you have learnt to your
project. Your answers must be satisfactory for all questions.
Submission
Note: It is important for project management to show you can meet deadlines.
Assignments will be submitted by uploading documents to the Assignments area in studEspace –
electronic copies are required for audit purposes. More than three attachments for a submission
will not be accepted. Accepted file types are: MS Word, MS Excel, MS PowerPoint, MS Project, MS
Publisher and PDF. Versions accepted are 2003 onwards.
Feedback and Resubmission
You will receive your feedback within two weeks - you will be notified by email by your facilitator
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when results are available. You will need to visit this Assignments area in studEspace and down
load your feedback.
Where students answers are deemed not satisfactory after the first attempt a resubmission may
be requested. If a student has demonstrated consistent effort in the learning of a module then, at
the facilitator’s professional discretion, the student may be awarded a resubmission. This
resubmission must be made as soon after the initial assessment as possible.
Environmental Sustainability:
You may wish to consider including environmental sustainability principles in the risk by including
specific sustainability objectives and practices by including an environmental risk category and
assessing project risks in this category.
Environmental sustainability could include:

Avoid or reducing the use of a resource including water, electricity, transport etc.
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Reuse and recycling of a resource

Buying green

Reduction in packaging and other waste.
Criteria for competency
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To achieve competency in the unit BSBPMG415A Apply project-risk management techniques
you are required to demonstrate your knowledge, skills and experience to: assist with risk
analysis and planning by contributing to identifying and prioritising potential risks throughout
the project life cycle, using established risk-analysis methods, techniques and tools
contribute to developing risk-management strategies and plans according to established
guidelines
contribute to developing and implementing risk-reporting mechanisms
perform risk-control activities including monitor risks according to agree project and riskmanagement plans and advise project manager of changing circumstances
regularly review progress and future activity for the purpose of identifying potential and actual
risks and opportunities
contribute to implementing agreed risk management approaches and amending plans to
reflect the changing environment
contribute to corrective action on risks according to the risk management plan and delegated
authority
contribute to the review of contingency plans on an ongoing basis, and where required, ensure
tasks allocated to individuals and/or team are clarified with the project management prior to
implementation
apply and monitor risk-contingency measures according to the risk management plan
identify and report opportunities in the same way as risk
contribute to assessing risk-management outcomes via the ongoing review of project
outcomes to determine the effectives of risk management activities in the project risk records
and other available information
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
report risk management issues and responses to others for lessons learned or application for
future projects.
Assessor Instructions
Assessment Task 1 requires the student to submit evidence in a project to demonstrate that
student has the knowledge, skills and experience to apply project risk management techniques.
The assessor:
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checks that each student’s proposed project satisfies the course requirements for the project
choice according to the criteria listed in the Project Choice section above
advises each student that their project satisfies the course requirements according to the
student’s course timetable
assesses each student’s work to ensure that their work satisfies the performance criteria for
competency listed above in Assessment Task 1
completes each student’s assessment within 2 weeks of submission
provides feedback as required about the student’s work overall and/or individual task
elements in writing
requests each student to resubmit their work or components of their work to satisfy the
performance criteria for competency as soon as possible after each assessment
notifies each student that they are Satisfactory/ Not Satisfactory in writing
record each student’s results in EBS.
Assessment Task 2: Quiz
Student Instructions
The Quiz is comprised of 15 multiple-choice questions and is administered by studEspace in
the Tests and Tasks area of the Apply Project Risk Management Techniques Site. The questions
are drawn from the Project Management Body of Knowledge (PMBoK) and from the Learning
Program.
All quizzes are timed to take 30 minutes and be conducted as an open book revision exercise.
It should be undertaken as an individual assessment with no student interaction or teacher
interaction. Once the time limit is exceeded, the Quiz will save and submit your answers – you
need to be careful to complete the quiz in the time given.
You will be allowed two attempts at the Quiz – you must receive at least 16 marks out of 20 for
one of these attempts.
Feedback: studEspace will give you your mark on submission.
Assessor Instructions
Assessment Task 2 requires the student to answer questions about project risk and submit their
answers on the studEspace Apply Project Risk Management Techniques site. Answers must
demonstrate the student’s application of their risk management knowledge to their project
management skills and experience.
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The assessor:
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assesses each student’s answers in accordance with the performance criteria for competency
listed in Assessment task 1
should not accept theoretical answers or answers copied directly from texts without
acknowledgement of the text
assess each student’s answers and provide feedback within 2 weeks of submission
notifies each student that they are Satisfactory/ Not Satisfactory in writing
record each student’s results in EBS.
Assessment Task 3: Forum postings
Student Instructions
The purpose of the Forum is to stimulate discussion, and sharing of information/ideas about
project management tools and techniques, its challenges and best practice by students and the
teacher.
Participation in the forum is mandatory to achieve competency in this unit particularly in relation
to your project selected for Assessment Task 1.
You participate in a Forum in the Forums area of the Site in studEspace. Your postings are listed in
studEspace.
Performance criteria to achieve competency in Asses sment Task 3
To achieve competency in Assessment Task 3:
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you must open and read a minimum of one (1) other posting about the topic
you must post comments and queries about one (1) other postings about the topic
you post your answers to specific Forum questions and queries, replies or comments about
the topic in accordance with the Unit’s overall performance criteria to achieve competency
respond to all postings by your facilitator
your postings must be at least three sentences long
your postings cannot be limited to a question only. You must include a background and
explanation as to why to you are asking a question or query
you must explain why you agree or disagree with another person’s posting
reflect the type of posting example listed at the beginning of the Forum.
Assessment and Feedback:
Any forum postings will be assessed within two weeks and student notified by email.
Assessor Instructions
Assessment Task 3 requires both assessors and students to participate by posting a response to
each question raised in the studEspace Forum. The purpose of the Forum is to enable students to
challenge their knowledge and skills and to provide an opportunity for continuous improvement.
The assessor:
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
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should respond to each forum posting using a range of question/comment types including a
request for clarification, explanation or reliability of assumptions, examples of a student’s
reasoning process, alternative viewpoints, possible consequences of poster’s reasoning
process
assess each student’s postings in terms of satisfying the elements and performance criteria for
each unit of competency
notifies each student that they are Satisfactory/ Not Satisfactory in writing
record each student’s results in EBS.
Additional Assessment Information
Finding out
results
Other than from your teacher, unit results may also be accessed using your log-on
to Student e-Services. You should have received information about how to register
for Student e-Services when you enrolled.
Dispute of
Mark/grade
If you do not agree with the grade given for your assessment, you may appeal the
assessment decision. You should first discuss the assessment result with your
teacher. If you are not satisfied with the outcome of that discussion you can access
the appeal process through the staff in the campus administration office.
Reasonable
Adjustment
If you have a permanent or temporary condition that may prevent you successfully
completing the assessment task(s) you should immediately talk with your teacher
about ‘reasonable adjustment’. This is the adjustment of the way you are assessed
to take into account your condition and may include providing a support person or
extra time. The assessment criteria cannot be altered.
Recognition
of Prior
Learning
(RPL)
All TAFE students are eligible to apply for credit for previous formal, informal and
non-formal learning. Refer to the Training and Education Support website for
information about Credit pathways (Articulation, Credit transfer and Recognition of
Prior Learning (RPL). There is also a brochure widely available throughout the
campus on RPL.
Each case of student absence from an assessment event, or late submission of an
assessment event, will be considered by the teacher on an individual basis.
Students should endeavour to notify their teacher in advance where an absence
will prevent them from attending, or submitting, a planned assessment event (e.g.
class test, presentation, project, report, portfolio or assignment). Unexpected
absence and/or late submission due to illness, work commitments and/or other
unforeseen misadventure MUST be supported by documented evidence (e.g.
medical certificate, statements from employers etc.). If you fail to adequately
notify and/or explain your absence/late submission penalties may apply as follows:
1. If a student is late handing in an assessment event the following penalty
may apply:
if the assessment event is more than 7 days late the grade is
reduced to a Fail/Not Competent for this event.
2. No penalty will apply if the student has an acceptable reason and
negotiates a new date with the teacher before the original due date, or if it
is not possible, at the first attendance after the event or within 7 days
(whichever is the sooner). The negotiated or revised date will become the
Policy on
Late
Assessment
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due date and the penalty will apply if the assessment event is not
submitted by the revised due date. If extension is not accepted the original
due date applies and the penalty will be as outlined.
3. If the student does not attend a class test, presentation or other classroombased assessment event on a negotiated date, penalty may apply.
4. Failure in one particular assessment event may not necessarily mean a Fail
in the unit. For information about assessment in TAFE please see "Every
Student's Guide to Assessment in TAFE NSW" which was offered at
enrolment and is available on the TAFE internet site at:
https://www.tafensw.edu.au/courses/expectations/assets/pdf/assessment
_guide.pdf
Policy on
Plagiarism
Definition: Plagiarism involves using the work of another person and presenting it
as your own.
A STUDENT WILL BE GUILTY OF PLAGIARISM if they do any of the following in an
assignment, or in any piece of work which is to be assessed, without clearly
acknowledging their source(s) for each quotation or piece of borrowed material:
a) copying out part (s) of any document or audio-visual material,
including computer–based material;
b) using or extracting another person’s concepts, experimental results,
or conclusions;
c) summarising another person’s work;
d) in an assignment where there was collaborative preparatory work,
submitting substantially the same final version of any material as
another student.
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Appendix A – Assessment Task 1 - Workbook for Apply Project Risk
Management Techniques
Element 1: Assist with risk analysis and planning
1. Your project manager has asked you to contribute to risk analysis and planning. You have
been asked to provide (5) risks as well analysing and developing strategies. To do this you
fill out the Risk Register below using the rating scales provided. You must include at least
one opportunity.
Likelihood Scales
Very
Low
1
Highly unlikely to occur; however, still needs to be monitored as certain
circumstances could result in this risk becoming more likely to occur
during the project
Low
2
Unlikely to occur, based on current information, as the circumstances
likely to trigger the risk are also unlikely to occur©
Medium
3
Likely to occur as it is clear that the risk will probably eventuate
High
4
Very likely to occur, based on the circumstances of the project
Very
High
5
Highly likely to occur as the circumstances which will cause this risk to
eventuate are also very likely to be created
Impact Scales
Very
Low
1
Insignificant impact on the project. It is not possible to measure the
impact on the project as it is minimal
Low
2
Minor impact on the project, e.g. < 5% deviation in scope, scheduled
end-date or project budget
Medium
3
Measurable impact on the project, e.g. 5-10% deviation in scope,
scheduled end-date or project budget
High
4
Significant impact on the project, e.g. 10-25% deviation in scope,
scheduled end-date or project budget
Very
High
5
Major impact on the project, e.g. >25% deviation in scope, scheduled
end-date or project budget
Risk Matrix: Likelihood X Impact = Overall Level/Rating
LIKELIHOOD
Very Low
Low
Medium
High
Very High
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IMPACT
1
2
3
4
5
Very Low
1
Very Low
1
Low
2
Low
3
Low
4
Medium
5
Low
2
Low
2
Low
4
Medium
6
Medium
8
High
10
Medium
3
Low
3
Medium
6
High
9
High
12
Very High
15
High
4
Low
4
Medium
8
High
12
Very High
16
Very High
20
Very High
5
Medium
5
High
10
Very High
15
Very High
20
Very High
25
Overall Level/Rating
0 – 1 = Very Low
2 – 4 = Low
5 – 8 = Medium
9 – 14 = High
15 – 25 = Very
High
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Risk Register
Initial
1
Residual
<Describe the strategy put in place and also whether this
is mitigation, acceptance, exploit etc.>
2
3
4
5
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Rating
Mitigation Strategy/Response
Likelihoo
d
Impact
Risk Description
Rating
Risk
No#
Likelihoo
d
Impact
<The risk register should include project risks – not just work health and safety risks. It should include both positive (opportunity) and negative risks>
Delivery and Assessment Guide
2. You also need to provide Action Plans for the top two of these risks. To do this you fill out
the Risk Action Plans provided below.
Risk Action Plan #1
Item No:
<Risk No.>
Risk Description: <risk description>
Risk Rating : <Very
low/low/medium/high/very
high>
Risk Treatment:
<Accept/Mitigate/Avoid/Transfer>
Action Plan:
Proposed Actions:
<risk response>
Resource Requirements:
<resource requirements to put the risk response into place>
Responsibilities:
<who will be responsible for putting the risk response into place>
Scope Impact:
<scope impact of putting the risk response into place>
Time Impact:
<time impact of putting the risk response into place>
Cost Impact:
<cost impact of putting the risk response into place>
Reporting & Monitoring Required:
<reporting and monitoring required for this risk response>
Prepared by: <Name>
Date:
<DD/MM/YY>
Reviewed by:
<Name>
Date: <DD/MM/YY>
Risk Action Plan #2
Item No:
<Risk No.>
Risk Description: <risk description>
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Risk Rating : <Very
low/low/medium/high/very
high>
Risk Treatment:
<Accept/Mitigate/Avoid/Transfer>
Action Plan:
Proposed Actions:
<risk response>
Resource Requirements:
<resource requirements to put the risk response into place>
Responsibilities:
<who will be responsible for putting the risk response into place>
Scope Impact:
<scope impact of putting the risk response into place>
Time Impact:
<time impact of putting the risk response into place>
Cost Impact:
<cost impact of putting the risk response into place>
Reporting & Monitoring Required:
<reporting and monitoring required for this risk response>
Prepared by:
<Name>
Prepared by:
<Name>
Prepared by: <Name>
Prepared by: <Name>
3. Describe the process you use to present and discuss these identified risks to the project
and organisational stakeholders. You must include reference to the opportunities as well as
risks in your answer.
<<<<< INSERT ANSWER HERE>>>>
Element 2: Conduct risk control activities
1. For the two risks in the action plans, due to changing circumstances throughout the project
timeline, outline how the risk register for these is likely to be updated.
<<<<< INSERT ANSWER HERE>>>>
2. The first risk in your risk register actually happens during the execution phase – what
activities and changes to the plan do you or your Project Manager undertake as a result?
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<<<<< INSERT ANSWER HERE>>>>
3. One of your risk action plans is no longer feasible and your project manager asks you to
provide an alternative solution – cut and paste one of the action plans from above and
make the necessary changes.
<<<<INSERT ACTION PLAN HERE >>>>
Element 3: Contribute to assessing risk management outcomes
1. List two risk management issues you may have experienced on the project (in the table
below) including a recommendation for future projects.
Date
Description of
problem/opportunity
Recommended Action for next
time/project
Lesson Learnt
Raised By
2. What project records did you access to obtain the information for the above lessons
learnt?
<<<<< INSERT ANSWER HERE>>>>
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