PSPGEN133 — Identify and treat risks

1 Establish the risk context.

• 1.1Establish the nature and extent of the work activity.
• 1.2Identify and document outcomes to be achieved.
• 1.3Analyse the relationship between the work activity and its environment and identify critical factors in the environment that may impact on the achievement of outcomes.
• 1.4Identify and consult stakeholders to understand their opinions, concerns and needs.
• 1.5Determine risk evaluation criteria for the activity.

2 Identify risks.

• 2.1Select method(s) for identifying risks in accordance with organisational policies and procedures.
• 2.2Identify and document sources of risk.
• 2.3Identify and record risk events related to each source.
• 2.4Consult to ensure all possible risks are identified.

3 Analyse risks.

• 3.1Analyse and rate the probability of identified risks occurring and consequences.
• 3.2Consider current control measures for any of the identified risks in the risk analysis and analyse and include residual risks if necessary.
• 3.3Determine levels of risk in accordance with organisational procedures.
• 3.4Consult to confirm risk levels, and document analysis.

4 Evaluate risks.

• 4.1Evaluate risks against established risk evaluation criteria.
• 4.2Determine potential and actual losses which may arise from the risk.
• 4.3Determine benefits and opportunities presented by the risk.
• 4.4Identify risks as acceptable or unacceptable in accordance with risk evaluation criteria and obtain approval.
• 4.5Prioritise unacceptable risks and document the reasons for acceptance of risks.

5 Treat risks.

• 5.1Determine options for treating risks.
• 5.2Select the best treatment option and undertake a cost-benefit analysis.
• 5.3Prepare and communicate a risk treatment plan to relevant personnel.
• 5.4Negotiate changes to operational structure, procedures or staffing to implement risk treatments.
• 5.5Organise resources and implement risk treatment plan.

6 Monitor and review risk treatment plan.

• 6.1Monitor changes in the organisational environment and factors impacting risks and existing risk treatments.
• 6.2Monitor changes in the work environment and make required adjustments to risk treatments for unacceptable risks.
• 6.3Monitor acceptable risks to ensure these risk levels do not increase.
• 6.4Consult and collect, analyse and use data relating to risks and risk treatments to improve risk management in own area of operation.
• 6.5Review and update risk treatment plan in accordance with timetable for review of plan.
• 6.6Provide input into formal reviews of risk in the organisation to improve risk management outcomes.

What does an assessment tool for PSPGEN133 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PSPGEN133 needs to address all 42 unit components: 6 elements with 29 performance criteria, 4 performance evidence requirements, 7 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 PSPGEN133?

Auditori pulls the current release of PSPGEN133 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 PSPGEN133 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing PSPGEN133 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 PSPGEN133, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.