BSBOPS302 - Identify business risk

Unit code: BSBOPS302 | Study level: TAFE
Nominal hours:
40
Location
City Campus
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to contribute to business operations through the identification of business risk. It involves identifying business risks, as well as supporting managers and supervisors in mitigating risk.
The unit applies to those required to contribute to the identification of business risks as part of broader responsibilities.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit's learning outcomes & performance criteria requirements, including the setting of work-based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • identify and resolve two different business risks.
    In the course of the above, the candidate must:
  • identify business risk and organisational policies and procedures for addressing identified risk
  • analyse potential impact of risk for business and address risk according to organisational policies and procedures
  • document risk mitigation processes taken according to organisational policies and procedures
  • confirm and seek feedback on risk mitigation methods
  • participate in discussions to minimise future risks in consultation with relevant personnel.

Students will also be expected to demonstrate the following knowledge:

  • types of business risks including:
  • strategic risks
  • compliance risks
  • financial risks
  • operational risks
  • common sources of business risk
  • techniques to manage business risks applicable to the industry
  • functions and content of organisational risk management plan
  • organisational policies and procedures for risk identification and mitigation.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.

As part of a course

This unit is studied as part of the following course(s):

Certificate III in Business
BSB30120 | Certificate iii | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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