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Title / Apply risk management techniques to a project
Level / 4 / Credits / 5
Purpose / A project team member usually performs the functions required by this standard under direction of the project manager and working with other project team members.
People credited with this unit standard are able to, for a project: assist with risk analysis and risk management planning; conduct risk control activities; and contribute to assessing risk management outcomes.
Classification / Business Operations and Development > Project Management
Available grade / Achieved
Explanatory notes
1Legislation relevant to this unit standard may include but is not limited to: Health and Safety in Employment Act 1992; Resource Management Act 1991; Human Rights Act 1993; Privacy Act 1993; Employment Relations Act 2000.
2To demonstrate competence in this unit standard a candidate must be able to provide evidence that they have contributed to the management of risk within projects. This will include evidence of working with others to identify risk and develop risk management strategies; controlling risks; monitoring risks (with an emphasis on variation management); and reviewing risk management within the project. Evidence may be gathered from the candidate's contribution to several simultaneous projects, or to one project over an extended period of time.
3Definitions
Organisational requirements refer to instructions to staff on policy and procedures which are documented in memo or manual format and are available in the workplace. These requirements include but are not limited to – site specific requirements and company quality management requirements.
Delegated authority means authority within established organisational framework, procedures and routines; under limited guidance and supervision; within agreed authorisation and limits; in a multi-disciplinary environment subject to frequent change.
Outcomes and evidence requirements
Outcome 1
Assist with risk analysis and risk management planning for a project.
Evidence requirements
1.1Contribution assists to identify and prioritise potential risks throughout the project life cycle in accordance with organisational requirements.
1.2Contribution assists in developing risk management strategies and risk management plans in accordance with delegated authority and organisational requirements.
1.3Risk analysis methods, techniques and tools are used to assist in the analysis of risks in accordance with organisational requirements.
Rangerisk analysis methods, techniques and tools may include – using personal experience and/or subject matter experts; assisting in qualitative and/or quantitative risk analysis, such as schedule simulation, decision analysis, contingency planning and alternative strategy development; using specialist risk analysis tools to assist in the decision making process.
1.4Reporting mechanisms for risks are planned and agreed in accordance with organisational requirements.
Outcome 2
Conduct risk control activities for a project.
Evidence requirements
2.1Control activities are undertaken in accordance with agreed project and risk management plans to achieve project objectives.
2.2Progress is measured, and perceived, potential or actual risks are acted on within delegated authority or reported to other parties for response in accordance with organisational requirements.
2.3Contribution assists with the implementation of agreed risk approaches and the amendment of plans to reflect the changing environment.
2.4Opportunities are identified and reported for action in accordance with project plan and organisational requirements.
Rangeopportunities may include – better means of achieving a result;
efficiencies or methods to work more effectively, such as ways of shortening an activity; responses to changing commercial or competitive conditions; changes in the project or broader environment that offer scope for rescheduling activities to better effect; initial project activities that reveal entirely different sets of priorities, for example product development, research and policy development.
Outcome 3
Contribute to assessing risk management for a project.
Evidence requirements
3.1Contribution assists with the ongoing review of the project outcomes to determine the effectiveness of risk management activities by accessing project records and other available information.
Rangereview may include – agreed major milestones, for example phases and sub-contracts; delivery of major deliverables; change of key personnel; finalisation of project and other agreed milestones.
Records may include – lists of potential risk events (risk register/log); risk analysis and reappraisal; risk management plan; risk diaries, incident logs, occurrence reports and other such documentation; project and/or organisation files and records; risk management lessons learned.
3.2Any risk management issues and responses are reported to other parties for application in future projects in accordance with organisational requirements.
Rangeother parties may include – project manager, higher project authority, team members, project specialist or other personnel.
This unit standard is expiring. Assessment against the standard must take place by the last date for assessment set out below.
Status information and last date for assessment for superseded versions
Process / Version / Date / Last Date for AssessmentRegistration / 1 / 17 April 2009 / 31 December 2018
Rollover and Revision / 2 / 24 October 2014 / 31 December 2020
Review / 3 / 20 July 2017 / 31 December 2020
Consent and Moderation Requirements (CMR) reference / 0113
This CMR can be accessed at
Please note
Providers must be granted consent to assess against standards (accredited) by NZQA, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be granted consent to assess against standards by NZQA before they can register credits from assessment against unit standards.
Providers and Industry Training Organisations, which have been granted consent and which are assessing against unit standards must engage with the moderation system that applies to those standards.
Requirements for consent to assess and an outline of the moderation system that applies to this standard are outlined in the Consent and Moderation Requirements (CMR). The CMR also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
NZQA National Qualifications ServicesSSB Code 130301 / New Zealand Qualifications Authority 2018 / / New Zealand Qualifications Aut