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Understanding Risk Analysis and Managing Risk

Unit Code: AG24CY001
Level: Four
Credit Value: 3
Unit ID: CAE492
learndirect: AG2
Sector: 15.3
Last registration date: 31/07/2014

Status: Currently in consultation. Last registration date:

This unit is a member of one or more groups of related units.


Learning Outcomes Assessment Criteria
The learner will The learner can
1. Understand risk in a service setting.
1.1 Evaluate risk in a service setting using a risk management process, to inlcude:
 • The purpose of risk assessment
 • Identifying the risk environment
 • Identifying risks
 • Assessing risks
 • Assessing the risk appetite
 • Addressing risks
 • Contingency planning
 • Reviewing and reporting risks
1.2 Create a communication plan to ensure that stakeholders are aware of risk.

Assessment Methods:
  • Case study
  • Written question & answer/test/exam
  • Oral question and answer
  • Written exercise
  • Reflective log/diary
  • Project
  • Practical demonstration
  • Group discussion
  • Production of artefact
  • Practice file


Further assessment guidance is available here.
Assessment Information:
There is no specific assessment information to be used with this unit.

If not specifically stated in the assessment information, a plural statement in any assessment criterion means a minimum of two.
Other Mappings:
NOS: M&L B2, M&L B10, VSNTO MV A4. Information Collection and Analysis IK2 level 3, Services and Project Management G5 level 4.
Assessor Requirements:
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.