Manage Risk

Qualification: VET unit
Study mode: Online
Payment options: VET FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: RMIT University
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

This online Manage Risk unit from Open Universities Australia and RMIT University describes the performance outcomes, skills and knowledge needed to manage risk in a range of business and organisational environments.

Risk can affect organisations in many forms, both internal and external, and requires a strong and specific skill set to manage effectively. This unit teaches students how to establish a risk context, identify risks, analyse risks and select and implement appropriate treatments.

More specifically, students will learn how to review organisational processes, review policies, identify an organisation’s strengths and weaknesses, obtain support for risk management, use tools and techniques to identify and assess the likelihood of risks, evaluate and take the appropriate course of action for treating, monitoring and evaluating a risk management plan.

Eligibility

In order to enrol in this unit, you must be accepted into the following course:

  • Diploma of Logistics, RMIT University

Areas of study

In this WHS unit, the topics you will study include:

  • Review organisational processes, procedures and requirements for undertaking risk management
  • Determine scope for risk management process
  • Identify internal and external stakeholders and their issues
  • Review political, economic, social, legal, technological and policy context
  • Review strengths and weaknesses of existing arrangements
  • Document critical success factors, goals or objectives for area included in scope
  • Obtain support for risk management activities
  • Communicate with relevant parties about the risk management process and invite participation
  • Invite relevant parties to assist in the identification of risks
  • Research risks that may apply to scope
  • Use tools and techniques to generate a list of risks that apply to the scope, in consultation with relevant parties
  • Assess likelihood of risks occurring
  • Assess impact or consequence if risks occur
  • Evaluate and prioritise risks for treatment
  • Determine and select most appropriate options for treating risks
  • Develop an action plan for implementing risk treatment
  • Communicate risk management processes to relevant parties
  • Ensure all documentation is in order and appropriately stored
  • Implement and monitor action plan
  • Evaluate risk management process

Course pathways

This unit is a core requirement in the following course:

  • Diploma of Logistics, RMIT University

Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.

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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

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How will this unit advance my career?

By completing this unit, students will develop the necessary skills for identifying and analysing risks, and implementing effective risk management plans in a range of organisational contexts.

 

Successful completion of this unit will also contribute to achieving a Diploma of Logistics from RMIT University.

 

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in BSBRSK501B Manage Risk from RMIT University.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferrable knowledge.
  • Government financial support through VET FEE-HELP may be available.
  • Studying single units allows you the flexibility to work towards a qualification at your own pace.
  • Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA’s full degree programs.

Get more information

Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

Financial assistance

If you are an Australian citizen, you may be eligible to receive a government VET FEE-HELP loan, meaning you can defer payment of your fees.

 

Get more information

Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

You may be eligible to receive VET FEE-HELP for this course!

This course can be paid for through the VET FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.

Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).

Find out more about government study loans here.
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Get more information

Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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