Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
KE 1.0	the use of risk management tools, frameworks, systems, methodologies and standards
KE. 2.0	the use of a dynamic risk register across a program.

1. Give descriptions of these tools and techniques for risk identification:

• The Delphi technique
• Root cause analysis
• Benchmarking

2. Give descriptions of the following methods and how they may be used in the process of risk management:

• Brainstorming
• Ranking risks
• Creating mitigation strategies.

3. Identify three aspects that the risk management framework should enable in relation to risks.

4.Give five examples of policies/procedures/programs that may be included within the risk management system.

5.Identify three types of outcomes that should be included when updating the risk register.

6.Specify four details that should be included within a risk register.