Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology 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. Endorse a marketing plan for ICT business

1.1 Ensure that internal and external environmental issues are addressed

1.2 Critically review the feasibility of target market projections

1.3 Endorse the selection of advertising and promotional strategies

2. Endorse the operation plan

2.1 Review and verify, the scope of the business operation plan

2.2 Ensure that the business plan complies with business needs

2.3 Endorse the criteria for quality processes against the organisational standards

3. Endorse the organisational plan

3.1 Critically analyse and review the organisation’s structure

3.2 Ensure that the organisational structure meets the organisation’s strategic plans and directions

4. Endorse the financial plan

4.1 Endorse the financial strategy for the new initiative

4.2 Evaluate the expected cash-flow projections

4.3 Critically analyse and evaluate the effects of financial decisions on the ability of the organisation to meet planned outcomes

4.4 Ensure financial risk-management procedures are followed according to organisational requirements

4.5 Ensure early detection and remedial action plans, for deviations in budget objectives and projections

Skill 

Performance Criteria 

Description 

Reading

1.1, 1.2, 1.3, 2.1, 2.2, 2.3, 3.1, 3.2, 4.1, 4.2, 4.3, 4.4

• Identifies, critically analyses and evaluates complex textual information, to evaluate the effectiveness of business plans

Writing

1.3, 2.3, 3.2, 4.1, 4.3, 4.4, 4.5

• Selects the document structure, language, grammar and terminology, to suit the specific subject matter and audience when evaluating, providing feedback, and endorsing business plans

Oral Communication

1.1-1.3, 2.1-2.3, 3.1-3.2, 4.1-4.5

• Obtains information by using effective listening and probing, open questioning techniques
• Uses grammatical structures, specialised language, and the appropriate tone, pitch and body language to achieve precise meaning, when articulating requirements and providing feedback

Numeracy

1.2, 2.1, 2.2, 3.2, 4.1, 4.2, 4.3, 4.4, 4.5

• Uses a range of statistical, mathematical and financial calculations, formulae and functions, together with appropriate software tools, to interpret numerical data relating to the market, operational and financial plans, and risk analysis

Navigate the world of work

3.2, 4.4

• Takes responsibility to respond to explicit and implicit conventions within familiar work contexts, and appreciates the importance of identifying, and responding to, protocols in new situations

Get the work done

1.1, 2.1, 2.2, 3.1, 4.3, 4.4, 4.5

• Recognises the critical importance of clarifying, focusing and aligning goals, and expectations, and uses the process to build ownership of, and broad commitment to, achieving outcomes
• Takes responsibility for high-impact decisions in complex situations involving many variables and constraints
• May use formal analytical and lateral thinking techniques for identifying issues, generating and evaluating possible solutions
• Demonstrates a sophisticated understanding of the principles, concepts, language and practices associated with the digital world, and endorses new technologies

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

ICTICT803 Endorse business plan components for a new initiative

ICAICT703A Endorse business plan components for a new initiative

Updated to meet Standards for Training Packages.

Recoded and minor changes to Elements and Performance Criteria to meet AQF requirements

Equivalent unit

Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology Training Package Version 1.0.