Modification History
Not Applicable
Unit Descriptor
Descriptor |
This unit describes the knowledge and skills required to investigate, negotiate and implement new business opportunities for social housing providers |
Application of the Unit
Application |
This unit may be applied in the social housing context of community services work |
Licensing/Regulatory Information
Not Applicable
Pre-Requisites
Not Applicable
Employability Skills Information
Employability Skills |
This unit contains Employability Skills |
Elements and Performance Criteria Pre-Content
Elements define the essential outcomes of a unit of competency. |
The Performance Criteria specify the level of performance required to demonstrate achievement of the Element. Terms in italics are elaborated in the Range Statement. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Identify resources for new business or project opportunities |
1.1 Investigate and identify project opportunities 1.2 Undertake feasibility study to determine likely project viability 1.3 Assess practicability of project opportunity in line with perceived risks, returns sought and resources available |
2. Undertake a risk management analysis for new business or project opportunities |
2.1 Assess risks associated with new projects and take steps to maximise outcomes 2.2 Involve stakeholders in risk management |
3. Develop business or project ideas and options |
3.1 Identify and assess financial costs and resource requirements 3.2 Develop project timeframe 3.3 Implement appropriate structures to oversee new projects/business as relevant 3.4 Establish, monitor and review policies and procedures to manage the use of staff, equipment and other physical assets, on a regular basis |
4. Implement new business or project strategies |
4.1 Communicate new business strategies to relevant stakeholders 4.2 Clearly communicate roles and responsibilities of all parties 4.3 Implement the project or new business in line with all relevant guidelines, legal and taxation requirements 4.4 Maintain and keep required records to ensure legal organisation and statutory requirements are met 4.5 Develop and sign contracts where appropriate 4.6 Establish regular feedback mechanisms |
5. Evaluate new business or project opportunities |
5.1 Ensure that evaluation strategy and related techniques devised to collect and analyse data, meet the needs of decision-makers, funding organisations, business partners and others with a stake in the project or new business 5.2 Consult all stakeholders on criteria used to evaluate the effectiveness of the project/business 5.3 Use evaluation information for project or business revision, ongoing development and implementation |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This describes the essential skills and knowledge and their level required for this unit. |
Essential knowledge : The candidate must be able to demonstrate essential knowledge required to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role These include knowledge of:
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Essential skills : It is critical that the candidate demonstrate the ability to:
In addition, the candidate must be able to effectively do the task outlined in elements and performance criteria of this unit, manage the task and manage contingencies in the context of the identified work role These include the ability to:
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the Performance Criteria, Required Skills and Knowledge, the Range Statement and the Assessment Guidelines for this Training Package. |
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Critical aspects for assessment and evidence required to demonstrate this unit of competency : |
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Access and equity considerations : |
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Context of and specific resources for assessment : |
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Method of assessment may include : |
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Range Statement
RANGE STATEMENT |
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The Range Statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts. |
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New business or project opportunities may include but are not limited to : |
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Identifying and acquiring resources includes : |
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Relevant information may include but is not limited to : |
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Stakeholders may include but are not limited to : |
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Viability may include , but is not limited to : |
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Unit Sector(s)
Not Applicable