Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with FNS Financial Services Training Package Version 1.0. |
Application
This unit describes the skills and knowledge required to identify and allocate adequate resources for distribution plans. It encompasses satisfying human resource requirements, providing technology requirements and providing infrastructure requirements.
It applies to individuals who use specialised knowledge and organisational skills to plan and implement strategic organisational activity.
Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Unit Sector
Insurance life distribution
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. Satisfy human resource requirements |
1.1 Determine human resource needs and requirements according to plan requirements 1.2 Develop role specifications according to enterprise format and procedures 1.3 Consider internal and external options with staff selected according to enterprise policy, role descriptions, procedures and legislative requirements 1.4 Appoint staff following enterprise procedures 1.5 Implement performance management systems |
2. Provide technology requirements |
2.1 Determine technology specifications within enterprise policy and budgets 2.2 Install or contract technology within budget and timelines, and meet all legal requirements 2.3 Regularly review technology performance against specifications and establish contingency plans |
3. Provide infrastructure needs |
3.1 Specify infrastructure needs and source within budget and timeframes, and according to enterprise’s purchasing policies 3.2 Revise needs to continuously support distribution plan |
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 |
2.3, 3.1, 3.2 |
|
Writing |
1.2, 2.3, 3.1 |
|
Oral Communication |
1.2, 1.4, 2.3 |
|
Numeracy |
2.2, 3.1 |
|
Navigate the world of work |
1.1-1.5, 2.1, 2.2, 3.1 |
|
Interact with others |
1.4, 1.5 |
|
Get the work done |
1.1-1.5, 2.1-2.3, 3.1, 3.2 |
|
Unit Mapping Information
Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
FNSILD502 Resource a distribution plan |
FNSILD502A Resource a distribution plan |
Updated to meet Standards for Training Packages |
Equivalent unit |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe