BSBPMG817 — Manage portfolio risk
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What an assessment for BSBPMG817 must cover
36 assessable components: 3 elements (11 performance criteria), 8 performance evidence and 11 knowledge evidence requirements, plus 6 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.
Elements & performance criteria
1 Establish portfolio risks
- 1.1Establish and review standards and procedures for portfolio risk management according to task requirements
- 1.2Integrate the portfolio risk management approach with organisational risk management systems and strategies
- 1.3Analyse organisational risk appetite
- 1.4Seek input about risks from stakeholders, executive management and other specialists
- 1.5Identify external and internal threats and opportunities and assess their impact on the portfolio
2 Analyse portfolio risks
- 2.1Calculate overall portfolio risk profile and organisational exposure using results from project and program risks analysis
- 2.2Capture and review individual project and program risks on a regular basis to determine the potential impact on the organisation
- 2.3Audit project and program risks to monitor risk management performance and assess the portfolio risk profile
3 Monitor and control portfolio risks
- 3.1Implement and manage organisational risk reserves
- 3.2Explore opportunities identified through risk analysis
- 3.3Implement strategies to minimise impact of portfolio risks to organisation
Performance evidence
- manage portfolio risk on at least one occasion.
- apply lessons learned from previous project/programs in portfolio planning
- analyse risks and opportunities
- communicate risk events, responses and results to stakeholders
- develop risk management plans
- detail the conduct of risk reappraisal
- review the effectiveness of risk management processes, procedures, tools and recommendations
- document improvements and risk management lessons learned.
Knowledge evidence
- risk management theory
- potential risk events
- Australian and international risk management standards
- the use of qualitative and quantitative risk techniques, including:
- cause and effect modelling
- risk probability and impact assessment
- probability and impact matrix
- risk data quality assessment
- risk categorisation
- risk urgency assessment
- enterprise risk management approaches.
Foundation skills
- Reading: Applies appropriate strategies to construct meaning from complex texts
- Writing: Demonstrates sophisticated writing skills by selecting appropriate conventions and stylistic devices to express precise meaning
- Oral Communication: Participates in a range of verbal exchanges using language and features appropriate to audience Uses active listening and questioning techniques to confirm understanding
- Self-management: Contributes to the development and review of procedures to align with organisational goals and values
- Teamwork: Selects and uses appropriate communication methods and practices to seek information from a range of stakeholders
- Planning and organising: Develops flexible plans for complex, high impact activities with strategic implications with specific focus on risk assessment and management Prioritises and schedules complex activities, monitors implementation and makes changes to plans where required Systematically analyses and assesses available information to decide on actions needed to manage portfolio risk Stores results from risk analysis to enable future access Identifies opportunities for new ideas or approaches based on risk analysis
Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.
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Questions about assessing BSBPMG817
What does an assessment tool for BSBPMG817 need to cover?
To satisfy the Principles of Assessment and Rules of Evidence, an assessment for BSBPMG817 needs to address all 36 unit components: 3 elements with 11 performance criteria, 8 performance evidence requirements, 11 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.
How does Auditori generate an assessment tool for BSBPMG817?
Auditori pulls the current release of BSBPMG817 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.
Is the first assessment tool really free?
Yes. Every new account includes one free credit — enough to generate the complete assessment tool for BSBPMG817 — with no card and no subscription required. After that it's pay-as-you-go per unit.
Can I check my existing BSBPMG817 assessment instead of generating a new one?
Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of BSBPMG817, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.
Related units
- BSBPMG420 — Apply project scope management techniques
- BSBPMG421 — Apply project time management techniques
- BSBPMG422 — Apply project quality management techniques
- BSBPMG423 — Apply project cost management techniques
- BSBPMG424 — Apply project human resources management approaches
- BSBPMG425 — Apply project information management and communications techniques
- BSBPMG426 — Apply project risk management techniques
- BSBPMG427 — Apply project procurement procedures
- BSBPMG428 — Apply project life cycle management processes
- BSBPMG429 — Apply project stakeholder engagement techniques
- BSBPMG430 — Undertake project work
- BSBPMG530 — Manage project scope
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