Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with BSB Business Services Training Package Version 2.0. |
Application
This unit describes the skills and knowledge required to seek and apply for funding opportunities that complement or expand the organisation's purpose, strategies and activities. It includes locating funding sources in order to make submissions.
It applies to individuals responsible for monitoring, guiding and undertaking decision making activities as members of committees or boards of governance.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Regulation, Licensing and Risk – Governance
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Discuss organisational business ideas to seek funding |
1.1 Canvass organisational stakeholders for business ideas and options that are relevant to the organisation's objectives and purpose 1.2 Discuss business ideas with other board or committee members and agree on the potential sourcing of external funding |
2. Research potential funding sources |
2.1 Gather information about potential funding bodies' priorities 2.2 Analyse potential funding sources that meet organisational objectives, needs and/or aspirations 2.3 Analyse potential project or grant funding and the resource implications of successful submissions 2.4 Discuss potentially appropriate funding projects or grants with other board or committee members with a view to making submissions at the required times |
3. Apply for funding |
3.1 Seek advice or form a team to oversee funding applications of identified funding sources, seeking expert advice where appropriate 3.2 Identify and address project funding criteria within set timelines 3.3 Arrange for the editing of funding application(s) 3.4 Submit the funding application by the due date |
4. Conduct submission follow-up activity |
4.1 Put processes and resources in place for successful applications that ensure project or grant deliverables are met within set timelines 4.2 Seek and document feedback for unsuccessful applications to inform and improve future funding submission activity and consider if it is appropriate to conduct appeal processes |
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill |
Performance Criteria |
Description |
Reading |
2.1-2.3, 3.1, 3.2 |
|
Writing |
3.3 |
|
Oral Communication |
1.1, 1.2, 2.4, 3.1 |
|
Navigate the world of work |
1.1, 1.2, 2.2, 3.1, 3.2 |
|
Interact with others |
1.1,1.2, 2.4, 3.1 |
|
Get the work done |
1.1, 2.2, 2.3, 3.1, 3.3, 3.4, 4.1, 4.2 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
BSBGOV505 Seek and apply for funding opportunities |
Not applicable |
New unit |
No equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10