Release 

Comments 

Release 2

This version released with BSB Business Services Training Package Version 2.0.

Version created to clarify intent of unit

Release 2

This version first released with BSB Business Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Identify resources needed in the business

1.1 Use the business profile to determine types of resources that may be required

1.2 Gather information regarding resource requirements from appropriate sources

1.3 Investigate digital technology options, benefits and challenges

1.4 Determine resource quantities in accordance with business activity levels and financial position

2. Select appropriate sources for resources required in the business

2.1 Investigate different options for acquiring resources needed in the business in terms of business profile and stakeholder needs

2.2 Determine reliability, risks and costs associated with these options in line with business projections

2.3 Determine ease of access to sources of service and support

2.4 Select suitable options as investigated

2.5 Establish relationships with suppliers and other key people

3. Prepare for use of resources in the business

3.1 Design procedures and systems to allow effective and efficient introduction, use and maintenance of resources

3.2 Negotiate and review arrangements for supply of resources to ensure the business profile is met

3.3 Design procedures for monitoring use of resources

3.4 Develop procedures for maintenance, support, repair and replacement of business machinery, equipment and software

Skill 

Performance 

Criteria 

Description 

Reading

1.1-1.3, 2.1, 2.2, 3.1

• Gathers, interprets and analyses textual and numerical information from a range of sources and identifies relevant and key information

Writing

1.1, 1.3, 2.5, 3.1-3.4

• Uses factual information and industry related terminology to complete simple instructional documentation

Oral Communication

2.1, 2.5, 3.2

• Uses relevant language suitable to audience to convey requirements, and listening and questioning techniques to confirm understanding

Numeracy

1.3, 2.2, 3.1

• Analyses numerical information to calculate resource and equipment expenditure

Interact with others

2.5

• Uses a range of communication strategies to establish a connection with others

Get the work done

1.1-1.3, 2.1-2.4, 3.1, 3.4

• Uses a range of digitally based technology and applications to access and filter data, and then extract, organise, integrate and share relevant information in increasingly effective ways
• Invests some time in looking for new ideas and opportunities, selecting appropriate options as required
• Considers effectiveness of a solution in terms of how well it meets business goals
• Takes responsibility for planning and organising own and others workload, identifying ways of sequencing and combining elements for greater efficiency

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBSMB304 Determine resource requirements for the micro business Release 2

BSBSMB304 Determine resource requirements for the micro business Release 1

Minor edits to clarify intent of unit

Equivalent unit

Release 

Comments 

Release 2

This version released with BSB Business Services Training Package Version 2.0.

Version created to clarify intent of unit

Release 1

This version first released with BSB Business Services Training Package Version 1.0.