Unit of competency details

BSBPMG807 - Manage portfolio resources (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current

Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080399 Business And Management, N.e.c.  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080399 Business And Management, N.e.c.  30/Jul/2015 
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form

Unit Of competency

Modification History

Release 

Comments 

Release 1

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

Application

This unit describes the skills and knowledge required to manage human resources within a portfolio. It covers capacity planning, capacity assessment, assignment and coordination of human resources for a portfolio.

A portfolio is the centralised management of one or more portfolios of projects, which includes identifying, prioritising, authorising, managing and controlling projects, programs and other related work, to achieve specific strategic business objectives.

It applies to individuals who operate at the strategic level within the organisation. Unlike projects or programs, a portfolio does not have a finite life, instead it is a continuous process and requires regular tending to ensure the portfolio remains in balance and is consistent with the organisation s strategic objectives.

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

Unit Sector

Management and Leadership Project Management

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. Assess portfolio resources capacity

1.1 Identify project and program resources based on resource forecasts

1.2 Capture a baseline of existing and proposed resources

1.3 Review, identify and assess the resource capacity of the organisation is regularly

1.4 Develop, review and update a portfolio resource strategy based on the status of projects and programs in the portfolio, taking into account the organisations resource constraints

2. Assess skills and experience

2.1 Capture and maintain details of human resource skill sets and experience

2.2 Capture and maintain human resource availability and utilisation information

2.3 Highlight human resource deficiencies and strengths are and factor these into the organisational workforce and development plans

2.4 Implement strategies to resolve human resource deficiencies and imbalances

2.5 Assess readiness for change and determine impacts of change

3. Assign project and program resources

3.1 Allocate resources optimally based on organisational strategic priority of projects and programs within the portfolio

3.2 Forecast the impact on the organisation of project/program resource allocation and utilisation against plans

3.3 Identify and investigate resource gaps and conflicts, and take appropriate action to resolve the identified resource constraints, in alignment with organisational strategic priorities

4. Coordinate and prioritise resources

4.1 Coordinate cross-organisational resource assignment to support prioritised projects and programs, based on risk, quality and other requirements

4.2 Reallocate resources from projects/programs cancelled or put on hold

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, 2.3, 3.1, 3.2, 3.3

  • Applies appropriate strategies to construct meaning from complex texts

Writing

1.2, 1.4, 2.1, 2.2, 2.3, 3.1, 3.2, 3.3

  • Demonstrates sophisticated writing skills by selecting appropriate conventions and stylistic devices to express precise meaning

Numeracy

1.1-1.4, 3.1, 3.2, 3.3, 4.1, 4.2

  • Interprets numerical information to determine resource requirements, assignments and reallocations

Navigate the world of work

3.3

  • Recognises the relationship of own activities to organisational strategic goals

Get the work done

1.1-1.4, 2.2, 2.4, 2.5, 3.1, 3.2, 3.3, 4.1, 4.2

  • Develops and implements flexible plans for complex, high impact activities with strategic implications
  • Prioritises and schedules complex activities, monitors implementation and makes changes to plans where required
  • Uses problem-solving processes to identify and analyse program resource issues, and decide on appropriate response

Unit Mapping Information

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

BSBPMG807 Manage portfolio resources

Not applicable

New 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 1

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

Performance Evidence

Evidence of the ability to:

  • develop and apply human resource planning within the portfolio context
  • undertake skills assessment and identify solutions
  • optimise human resource allocation across projects and programs
  • prepare resource utilisation calculations from collection techniques.

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:

  • explain human resource allocation models
  • explain strategic human resource management approaches
  • explain calculation and distribution based on supply and demand concepts
  • summarise workforce planning methods
  • outline the application of strategic resource management and planning.

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 project management field of work and include:

  • access to workplace documentation
  • feedback from stakeholders, which reflects how human resources were managed within the portfolio.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

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

Training component details
The following details are displayed for each different NRT:-

Training packages

- Training package details
- Training package components

Qualifications

- Qualification details
- Qualification components

Accredited courses

- Accredited course details

Modules

- Module details

Units of competency

- Units of competency details
- Unit components

Skill sets

- Skill set details
- Skill set components

Click on the Export link to export the NRT information to MS Word or PDF.

Click on the Manage notification link to create or change a notification for this NRT.

When selecting the Display history check box a set of tables will appear displaying a log of historical values describing what has changed and when over time.

If you have access to make changes to an NRT, click on the Edit link on the upper right hand side of the summary box.