Assessment Schedule Unit standard 28091 Title Explain risks and risk management strategies for personal finances Level 1 Credits 3 Version 3 Task Evidence/Judgements for achievement Evidence/Judgements for achievement Evidence/Judgements for achievement with merit with excellence Outcome 1 Risks to personal assets are identified and Risks to personal assets are identified and Risks to personal assets are identified and explained in relation to impact on personal explained in detail in relation to impact on explained in detail in relation to impact on ER 1.1 finances. personal finances. personal finances. Question 1 At least one risk from each of the following Explanation shows detailed understanding Explanation shows comprehensive five personal asset groups: by including examples of risks to assets. understanding by including causes and consequences of the risks. motor/house/house contents; bank accounts/investments; identity/access to personal information; self health and well-being/hauora; – future income See sample answers given for one risk See sample answers given for one risk See sample answers given for one risk for one personal asset group. for one personal asset group. for one personal asset group. Note: Sample answers for risks from the Note: Sample answers for risks from the Note: Sample answers for risks from the four other personal asset groups will need four other personal asset groups will need four other personal asset groups will need to be developed by the assessor. to be developed by the assessor. to be developed by the assessor.
Assessment Schedule Unit standard 28091 Title Explain risks and risk management strategies for personal finances Level 1 Credits 3 Version 3 Task Evidence/Judgements for achievement Evidence/Judgements for achievement with merit Evidence/Judgements for achievement with excellence Outcome 1 ER 1.1 Question 1 Risks to personal assets are identified and explained in relation to impact on personal finances. At least one risk from each of the following five personal asset groups: motor/house/house contents; bank accounts/investments; identity/access to personal information; self – health and well-being/hauora; future income See sample answers given for one risk for one personal asset group. Note: Sample answers for risks from the four other personal asset groups will need to be developed by the assessor. Risks to personal assets are identified and explained in detail in relation to impact on personal finances. Explanation shows detailed understanding by including examples of risks to assets. See sample answers given for one risk for one personal asset group. Note: Sample answers for risks from the four other personal asset groups will need to be developed by the assessor. Risks to personal assets are identified and explained in detail in relation to impact on personal finances. Explanation shows comprehensive understanding by including causes and consequences of the risks. See sample answers given for one risk for one personal asset group. Note: Sample answers for risks from the four other personal asset groups will need to be developed by the assessor.