Unit of competency details

BSBSMB304 - Determine resource requirements for the micro business (Release 2)

Summary

Releases:
ReleaseStatusRelease date
2 (this release)Current 14/Jan/2016
(View details for release 1) Replaced25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to BSBSMB304A - Determine resource requirements for the micro businessUpdated to meet Standards for Training Packages 24/Mar/2015


Training packages that include this unit

CodeTitleSort Table listing Training packages that include this unit by the Title columnRelease
MST - Textiles, Clothing and FootwearTextiles, Clothing and Footwear 1.0-1.1 
CUA - Creative Arts and Culture Training PackageCreative Arts and Culture Training Package 2.0-3.0 
BSB - Business Services Training PackageBusiness Services Training Package 2.0 

Qualifications that include this unit

CodeTitleSort Table listing Qualifications that include this unit by the Title columnRelease
SHB50115 - Diploma of Beauty TherapyDiploma of Beauty Therapy 
SHB30315 - Certificate III in Nail TechnologyCertificate III in Nail Technology 
SHB30215 - Certificate III in Make-UpCertificate III in Make-Up 
MST30816 - Certificate III in Applied Fashion Design and TechnologyCertificate III in Applied Fashion Design and Technology 1-2 
CUA51215 - Diploma of CeramicsDiploma of Ceramics 
CUA41315 - Certificate IV in Visual ArtsCertificate IV in Visual Arts 
CUA41115 - Certificate IV in Photography and Photo ImagingCertificate IV in Photography and Photo Imaging 
CUA40615 - Certificate IV in Aboriginal and Torres Strait Islander Cultural ArtsCertificate IV in Aboriginal and Torres Strait Islander Cultural Arts 
CUA40415 - Certificate IV in Live Production and Technical ServicesCertificate IV in Live Production and Technical Services 1-2 
CUA30915 - Certificate III in Music IndustryCertificate III in Music Industry 
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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  30/Jul/2015 
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Unit Of competency

Modification History

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.

Application

This unit describes the skills and knowledge required to select options for resource acquisition, develop procedures and systems for efficient installation, and use and maintain resources.

It applies to individuals who are establishing or operating a micro business providing self-employment.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

Management and Leadership – Small and Micro Business

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. 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

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

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

Unit Mapping Information

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

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

 

Assessment requirements

Modification History

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.

Performance Evidence

Evidence of the ability to:

  • determine appropriate resource levels in line with micro business profile and desired profit
  • identify, assess and select digital technologies
  • select options for resource acquisition suited to the micro business and financial position, including stakeholder needs
  • establish relationship with suppliers including negotiating and reviewing supplies to suit profile of micro business
  • develop procedures and systems to allow for efficient and effective installation and use of resources, including monitoring and maintenance as required.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • identify legislative requirements relating to micro business operations
  • describe the functions of key digital technologies and their benefits and challenges to micro business
  • list functions of a range of business equipment and machinery
  • outline the micro business profile and structure
  • describe procedures and systems for use of and routine maintenance of resources
  • summarise types of resources required as per the micro business profile.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the Management and Leadership – Small and Micro Business field of work and include access to:

  • business equipment and resources including maintenance manuals
  • business technology including internet access
  • relevant workplace documentation and resources including a business profile sample
  • case studies or where possible, real situations
  • interaction with others.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10

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