PSPGEN135 — Manage risk

1 Establish the risk management context.

• 1.1Establish the nature and extent of business unit activity, its objectives and outcomes within the organisational context.
• 1.2Identify the strategic and risk management context.
• 1.3Identify and consult stakeholders to ensure their views, concerns and needs are taken into account in the risk management process.
• 1.4Determine criteria for risk assessment.
• 1.5Determine risk management criteria to provide guidance on balancing risk, costs, benefits and opportunities.
• 1.6Monitor, review and adjust risk management criteria to ensure opportunities and current and emerging trends are reflected.

2 Plan for risk management.

• 2.1Investigate sources of risk and identify and consult upon potential, perceived and actual risks to ensure full coverage.
• 2.2Analyse risks and document in consultation with stakeholders and determine levels of risk as the basis for risk management planning.
• 2.3Select risk management methods and modify as necessary to determine risks that are acceptable or unacceptable.
• 2.4Identify risk treatment options for unacceptable risks and determine preferred risk treatment approaches.
• 2.5Develop and communicate risk management plan to key stakeholders to ensure clarity and achievement of objectives.

3 Implement risk management plan.

• 3.1Manage activity in accordance with agreed risk management plan.
• 3.2Review performance, analyse variance and initiate risk responses to achieve objectives with minimal disruption and conflict.
• 3.3Monitor internal and external risks to outcomes and initiate remedial actions to achieve objectives.

4 Evaluate the risk management plan.

• 4.1Develop and implement an evaluation methodology.
• 4.2Review and analyse outcomes to assess the effectiveness of current risk management strategies.
• 4.3Monitor existing risks, identify new risks and identify any trouble spots.
• 4.4Seek and use a variety of information, including the perspectives of key stakeholders.
• 4.5Formulate and act upon recommendations on enhancements to the plan.
• 4.6Communicate the outcomes of evaluation to relevant personnel.

What does an assessment tool for PSPGEN135 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PSPGEN135 needs to address all 38 unit components: 4 elements with 20 performance criteria, 6 performance evidence requirements, 10 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 PSPGEN135?

Auditori pulls the current release of PSPGEN135 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 PSPGEN135 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing PSPGEN135 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 PSPGEN135, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.