Performance 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:
PE 1.0	direct the planning of program risk management
PE. 2.0	manage program risk,
PE. 3.0	assess project and program risk-management outcomes
PE. 4.0	respond to risk within complex programs that are subject to unpredictable contextual pressures.

1. Direct the planning of risk management for a program specific to your prefered organisation.

Perform the following activities as part of the planning process:

• Assess and select appropriate methods according to the risk context
• Direct the identification, documentation, and analysis of risk as the basis for planning
• Direct, support, and mentor project managers in the analysis, evaluation and treatment of risks
• Ensure risk management is visible and timely
• Develop and maintain a risk management system across the program.

2. Undertake management of program risks in accordance with the plans that were developed during the previous activity.

Perform the following activities as part of the risk management process:

• Manage the program in accordance with plans
• Review progress, analyse variance, and initiate risk responses
• Ensure risks are assigned and monitored across the program at agreed intervals
• Assess issues for impact and authorise remedial actions.

3. Conduct an assessment of project and program risk-management outcomes in relation to the implementation of methods during the previous activity.

Perform the following activities as part of the assessment process:

• Identifying and documenting residual risk
• Reviewing and analysing program risk outcomes
• Documenting, analysing and recommending lessons learned