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Manage Risk

  • Qualification:

    VET unit

  • Study mode:


  • Payment options:

    Upfront payment

  • Duration:

    13 weeks

  • Start date:

    Enquire now for upcoming start dates

  • Awarded by:

    RMIT University

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

This course meets Nationally Recognised Training standards. It is listed on the Australian government's National Register for Vocational Education and Training (VET). Studying this course leads to a qualification that's recognised throughout Australia, and lets employers know that you have the right skills for the job.
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.

What you'll learn

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.


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

  • Diploma of Logistics, RMIT University

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.

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
For two decades, Open Universities Australia (OUA) has partnered with leading Australian educators to make tertiary-level courses easier to access for people, no matter their background, their work status or their other life commitments. OUA has built up their reputation by making education more flexible, easier to tailor and available almost entirely online.

OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
Open Universities Australia offers a range of administrative and student support options. As a student of OUA you will have access to four hours of free expert tutoring support for each unit undertaken through the tutoring service SMARTHINKING. This on-demand service allows you to get fast, detailed feedback on your assignment drafts and gives you access to your tutor in real time.

The My OUA portal is an online student medium that allows you access to all your course and enrolment information as well as access to student forums and assessment tips.

Career outcomes

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.


Payment options & support

Finance options


Upfront payment is required at the time of enrolment.

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FREE CALL 1800 063 523

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

Over 1,000 accredited online courses from leading Australian universities, TAFEs and colleges