Enterprise Risk, AI Governance & Business Resilience
This unit describes skills and knowledge required to manage business risks in a range of contexts across an organisation or for a specific business unit or area in any industry setting.
| Study | Online learning |
- 4 chapters
- 17 lessons
- 15 videos
- 75 knowledge-check questions
- Nationally recognised unit
- Its own progress dashboard
What you cover
Key topics
- Establish risk context
- Identify risks
- Analyse risks
- Select and implement treatments
Your learning
Course content
4 chapters · 17 lessons · 15 videos
Chapter 1 · Establish risk context4 lessons
- Lesson 1: Evaluating Organisational Processes and Determining Scope for Risk Management
- Lesson 2: Reviewing Strengths and Weaknesses of Existing Arrangements
- Lesson 3: Documenting Critical Success Factors, Goals and Objectives
- Lesson 4: Communicating the Risk Management Process to Relevant Stakeholders
Chapter 2 · Identify risks4 lessons
- Lesson 5: Inviting Stakeholders to Assist in the Identification of Risks
- Lesson 6: Researching Risks Applicable to Scope
- Lesson 7: Documenting Risks in Consultation with Relevant Parties
- Lesson 8: Self-learning task I
Chapter 3 · Analyse risks3 lessons
- Lesson 9: Assessing Likelihood of Risks Occurring
- Lesson 10: Assess impact or consequence if risks occur
- Lesson 11: Evaluate and prioritise risks for treatment
Chapter 4 · Select and implement treatments6 lessons
- Lesson 12: Determining and Selecting Risk Treatment Options
- Lesson 13: Developing an Action Plan for Risk Treatment
- Lesson 14: Communicating Risk Management Processes to Relevant Parties
- Lesson 15: Implementing the Action Plan According to Organisational Policies and Procedures
- Lesson 16: Monitoring and Evaluating the Risk Management Process
- Lesson 17: Self-learning task 2
Who it’s for
Is this course for you?
The unit applies to individuals who are working in positions of authority and who are approved to implement change across the organisation, business unit, program or project area. They may or may not have responsibility for directly supervising others.
Recognition
Nationally recognised learning
Nationally recognised unit of competency: BSBOPS504 Manage business risk
| Unit | BSBOPS504 Manage business risk |
| Training package | BSB Business Services Training Package |
| Field | Business Competence – Business Operations |
| Release | Release 1 · Current |
training.gov.au, verified 16 October 2026
View on training.gov.au ↗Course preview
Your questions
Frequently asked questions
Is this unit nationally recognised?
Yes. BSBOPS504 Manage business risk is a current unit of competency in the BSB Business Services Training Package, listed on training.gov.au, the National Register of vocational education and training in Australia.
How is the unit organised?
4 chapters and 17 lessons, built around the unit's 4 official outcomes. It includes 15 videos and 75 knowledge-check questions.
How is it assessed?
Assessment tasks for this unit are listed under Assignments in the unit, with how to submit each one and what's still outstanding.
How do I track my progress?
Go to dashboard opens this unit's own dashboard. Progress, activity and streaks there count this unit only.
