Frontier Training & Technology Assessor Verification

This assignment requires an authorized Frontier Training & Technology assessor to complete a verification section for RPL assessment results. The assessor must verify evidence collected during the second stage of assessment, indicating whether each element was satisfactorily or unsatisfactorily completed. The assessor's name and date of assessment should also be included.

BSBRSK501
Manage risk
THIRD
PARTY
REPORT
RPL PROCESS: Please read the following
instructions before
completing this form
1. RPL applications are
made using
Application for RPL
form. This form is
designed to map the
student’s education,
training, life and work
competencies to the
elements required of
the unit and collect
the required
evidence to prove the
competencies.
2. The following
sections of the form
must be completed
by the applicant:
 Element
Mapping &
Evidence
 Skills
Mapping &
Evidence
 Knowledge
Mapping &
Evidence
 Required
Evidence
Mapping
 Evidence List
3. Describe how you
meet the stated
criteria, skill or
knowledge. Evidence
is required for all
elements, skills,
knowledge and
required evidence.
Attach this evidence
to this form and refer

BSBRSK501
Manage risk
THIRD
PARTY
REPORT
to the attachments as
“Attachment A”,
Attachment B” etc.
4. This form along with
the required
evidence is to be
submitted directly to
the assessor or to
Frontier Training &
Technology via mail
to 735 Pascoe Vale
Road VIC 3046 or via
email to
5. An appointed
assessor will assess
the RPL application
and the evidence
provided.
6. The assessor will
make an
appointment to
review the RPL
application form and
the evidence
provided with the
learner, gathering
more evidence if
required. The
assessor will provide
feedback to the
learner on the
outcome of the RPL
application
immediately.
7. If successful, a copy
of the RPL application
will be stored with
the student file and
the RPL decision will
be reflected on the
training plan and
student records.
8. Students may use the
Complaints and
Appeals Policy and

BSBRSK501
Manage risk
THIRD
PARTY
REPORT
Procedure if
dissatisfied with the
outcome of the RPL
application.
Privacy Statement
Personal information is
collected solely for the
purpose of operating as a
Registered Training
Organisation under the
Australian Quality
Training Framework
administered by the
Victorian Government
who are the registering
authority. The
requirements of the
registering authority may
require the release of
your personal information
for the purposes of audit.
Under the National
Privacy Principles, you can
access personal
information held on you
and you may request
corrections to
information that is
incorrect or out of date.

BSBRSK501
Manage risk
THIRD
PARTY
REPORT
Unit:BSBRSK501 – Manage risk

BSBRSK501
Manage risk
ELEMENT
MAPPING &
EVIDENCE:
Element / Performance Criteria
Description
(Describe what you do to
meet this criteria, work,
education, experiences etc.)
(your explanation must
cover a situation, location,
job type and outcome of the
action)
Third Party Report
(Please comment on the
student’s description)
Explain a scenario where the candidate has
successfully established risk context. Please include
the following in the scenario:
1.1. Review organisational processes, procedures
and requirements for undertaking risk management
in accordance with current risk management
standards.
1.2. Determine scope for risk management process.
1.3. Identify internal and external stakeholders and
their issues.
1.4. Review political, economic, social, legal,
technological and policy context.
1.5. Review strengths and weaknesses of existing
arrangements.
1.6. Document critical success factors, goals or
objectives for area included in scope.
1.7. Obtain support for risk management activities
1.8. Communicate with relevant parties about the
risk management process and invite participation.
I have reviewed that,
managers are developed
some policies in order to gain
high competitive
advantages. I also analyse
that, managers have to
provide specific guidelines so
as to complete a task in
effective manner. It will help
businesses in managing risk.
Apart from this, I also find
out that stakeholders plays a
vital role in growth and
success of firm, internal and
external stakeholders. Risk
management helps in
determining future
challenges but it cannot
measure them accurately.
In order to gain high
market growth and
success, he analyse the
impact of external
factors which will affect
upon organisational
growth and
performance, such as –
political, legal, social,
technological. Beside
this, he also regulate
some risk management
activities, it will help
them communicating
with relevant parties.
Explain a scenario where the candidate has
successfully identified risks. Your response must
address the following key points:
2.1. Invite relevant parties to assist in the
identification of risks.
2.2. Research risks that may apply to scope.
2.3. Use tools and techniques to generate a list of
risks that apply to the scope, in consultation with
relevant parties.
In this research, I analysed
that employees, top
management, directors,
higher authorities etc. are
the relevant parties which
are involved in risk
management process. They
are liable to evaluate
situations and make
appropriate solutions for the
same. I also find out that
risks investigation helps in
specifying business decisions
and provides a strength to
working.
For this, he used
different types of tools
and techniques which
are helpful to determine
risks, such as –
interviewing, Delphi
technique,
brainstorming, SWOT,
check-list, assumption
analysis etc. He was
consulted it with
employees, directors,
stakeholders and
implement the same
within business
organisation.
Describe a scenario where the candidate has
successfully analysed risks. Your explanation must
address the following key points:
3.1. Assess likelihood of risks occurring.
3.2. Assess impact or consequence if risks occur.
I have reviewed that, there
are different types of risks
and uncertainties are being
faced by managers. I
founded risk is occurred due
to many technological and
environmental dimensions
He evaluated the impact
of market brand and
customers' loyalty
towards company. In
order to evaluate risks
and uncertainties ,
managers he is adopted

BSBRSK501
Manage risk
3.3. Evaluate and prioritise risks for treatment. which could seem as threats
towards company's success.
Business risks impact upon
its current functions and
activities by reducing
productivity.
the concept of risk
identification so as to
determine all situations
which will influenced
market reputation of a
firm.
Describe a scenario where the candidate has
successfully selected and implemented treatments.
Your explanation must address the following key
points:
4.1. Determine and select most appropriate options
for treating risks.
4.2. Develop an action plan for implementing risk
treatment.
4.3. Communicate risk management processes to
relevant parties.
4.4. Ensure all documentation is in order and
appropriately stored.
4.5. Implement and monitor action plan.
4.6. Evaluate risk management process.
I found that managers have
to use effective techniques in
order to face risks and
uncertainties. I developed
an action plan with provide a
time framework which are
involved in risk treatment.
Afterwards, the plan should
be communicate across the
organisation.
At last he is
implemented then plan
by business owners, they
monitor all activities of
action plan whether is
useful for the company
or not. Apart from this,
he also considered 4
elements which are used
in risk management
process, such as –
analysis, evaluation,
development of policies
and execution.
SKILLS MAPPING
& EVIDENCE: Required Skills
Description
(Describe what you do to
meet this skill, work,
education, experiences etc)
Third Party Report
(Please comment on the
student’s description)
Did the candidate at all times demonstrate reading
skills to:
o Comprehend a variety of relatively complex
texts
o Gather, interpret and analyse textual
information from a range of sources to identify
relevant information
Did the candidate at all times demonstrate writing
skills to:
o Develop textual material and organise content
in a manner that effectively documents risk
management analysis and assessment priorities
and processes
Did the candidate at all times demonstrate oral
communication skills to:
o Participate in interactions with stakeholders
using questioning and listening to elicit opinions,
and to confirm and clarify understanding
Did the candidate at all times demonstrate
numeracy skills to:
o Use numerical tools to assess risk and uses

BSBRSK501
Manage risk
numerical data to review plans
Did the candidate at all times demonstrate skills to
navigate the world of work to:
o Refer to organisational processes, procedures
and requirements when making decisions about
risk management
Did the candidate at all times demonstrate skills to
interact with others to:
o Establish and use appropriate conventions and
protocols when communicating with
stakeholders about risk management
o Consult and negotiate with stakeholders about
risk management processes and outcomes
Did the candidate at all times demonstrate skills to
get the work done to:
o Sequence and schedule a range of routine and
complex activities, monitors implementation,
evaluate processes and manage relevant
communication
o Systematically analyse information to decide on
appropriate risk management treatments
o use digital technologies and systems to access
information, document plans and communicate
with others
KNOWLEDGE
MAPPING &
EVIDENCE: Required Knowledge
Description
(Describe what you do to
meet this knowledge, work,
education, experiences)
Third Party Report
(Please comment on the
student’s description)
Being able to:
 outline the purpose and key elements of
current risk management standards
 outline the legislative and regulatory
context of the organisation in relation to
risk management
 outline organisational policies, procedures
and processes for risk management
REQUIRED
EVIDENCE
MAPPING:
Required Evidence Attachment (eg, A, B, C)
EVIDENCE LIST: ATTACHMENT as collected
during the 2nd stage DOCUMENT TITLE VERIFIED (completed by
assessor)
A
B

BSBRSK501
Manage risk
C
D
E
F
G
H
I
J
K
EVIDENCE
VERIFICATION:
THIS SECTION IS TO BE
COMPLETED BY AN
AUTHORISED FRONTIER
TRAINING &
TECHNOLOGY ASSESSOR
ONLY
Assessor Name:
Date of assessment:
RPL ASSESSMENT
RESULTS:
Evidence
Verified
Result Comments
(if unsatisfactory result)
Satisfactory Not
Satisfactory
Element 1   
Element 2   
Element 3   
Element 4   
Required Skills   
Required Knowledge   
Required Evidence   

BSBRSK501
Manage risk
Date: