BSBIPR501 - Manage intellectual property to protect and grow business
Assessor Resource
BSBIPR501 Manage intellectual property to protect and grow business
Assessment tool
Version 1.0 Issue Date: April 2024
This unit describes the performance outcomes, skills and knowledge required to protect, secure and effectively use intangible assets of value to an organisation. It focuses on establishing and maintaining systems to protect and exploit an organisation’s intellectual property to ensure business growth.
It applies to managers or coordinators who take an active role in recognising, securing and commercialising intangible assets which contribute to the organisation’s profitability, productivity, product or service delivery and market leadership. These managers and coordinators may work in a range of industry or other contexts and may have responsibility for managing people, systems or processes.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Evidence Required
List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT
PERFORMANCE CRITERIA
Elements describe the essential outcomes.
Performance criteria describe the performance needed to demonstrate achievement of the element.
1 Identify the organisation’s intellectual property assets and rights
1.1 Identify the intangible assets residing within the organisation and how they can be protected
1.2 Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
1.3 Research intellectual property rights appropriate to the organisation according to legislative requirements
1.4 Identify and access sources of information and advice for protection of the organisation’s intellectual property
1.5 Conduct a cost-benefit analysis of protecting intellectual property and determine risks
1.6 Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
2 Create a strategy to manage the organisation’s intellectual property
2.1 Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
2.2 Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
2.3 Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
2.4 Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
2.5 Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
3 Monitor and maintain organisational strategies for the protection and use of intellectual property
3.1 Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required
3.2 Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken
3.3 Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals
4 Manage the commercialisation of the organisation’s intellectual property to ensure business growth
4.1 Research the role intellectual property will play in the strategic plans of the organisation
4.2 Contribute to the implementation of the commercialisation of the organisation’s intellectual property
4.3 Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
4.4 Access and effectively use others’ intellectual property within legal guidelines for business advantage
Submission Requirements
List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here
Assessment task 1: [title] Due date:
(add new lines for each of the assessment tasks)
Assessment Tasks
Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
ELEMENT
PERFORMANCE CRITERIA
Elements describe the essential outcomes.
Performance criteria describe the performance needed to demonstrate achievement of the element.
1 Identify the organisation’s intellectual property assets and rights
1.1 Identify the intangible assets residing within the organisation and how they can be protected
1.2 Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
1.3 Research intellectual property rights appropriate to the organisation according to legislative requirements
1.4 Identify and access sources of information and advice for protection of the organisation’s intellectual property
1.5 Conduct a cost-benefit analysis of protecting intellectual property and determine risks
1.6 Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
2 Create a strategy to manage the organisation’s intellectual property
2.1 Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
2.2 Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
2.3 Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
2.4 Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
2.5 Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
3 Monitor and maintain organisational strategies for the protection and use of intellectual property
3.1 Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required
3.2 Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken
3.3 Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals
4 Manage the commercialisation of the organisation’s intellectual property to ensure business growth
4.1 Research the role intellectual property will play in the strategic plans of the organisation
4.2 Contribute to the implementation of the commercialisation of the organisation’s intellectual property
4.3 Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
4.4 Access and effectively use others’ intellectual property within legal guidelines for business advantage
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.
Observation Checklist
Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice
Yes
No
Comments/feedback
Identify the intangible assets residing within the organisation and how they can be protected
Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
Research intellectual property rights appropriate to the organisation according to legislative requirements
Identify and access sources of information and advice for protection of the organisation’s intellectual property
Conduct a cost-benefit analysis of protecting intellectual property and determine risks
Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
Regularly monitor and review strategies, policies and procedures for the identification, protection and use of intellectual property to ensure they are working effectively and make changes if required
Manage the identification of potential infringement of organisation’s intellectual property rights and ensure appropriate action is taken
Promote a culture of compliance and respect for the intellectual property rights other organisations and individuals
Research the role intellectual property will play in the strategic plans of the organisation
Contribute to the implementation of the commercialisation of the organisation’s intellectual property
Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
Access and effectively use others’ intellectual property within legal guidelines for business advantage
Identify the intangible assets residing within the organisation and how they can be protected
Identify the sections of the organisation in which intellectual property is created, procured or transferred and for which management is required
Research intellectual property rights appropriate to the organisation according to legislative requirements
Identify and access sources of information and advice for protection of the organisation’s intellectual property
Conduct a cost-benefit analysis of protecting intellectual property and determine risks
Identify and use appropriate intellectual property professionals to initiate processes to protect intellectual property, according to the type of intellectual property protection required
Review or create an organisational strategy and review or develop policies and procedures for protection, management and use of intellectual property as part of the organisation’s business strategy
Plan and implement an intellectual property audit and establish or review the value and use of the organisation’s intangible assets inventory
Plan and make recommendations for implementation of a strategy for business growth through use of organisation’s intellectual property
Plan and implement strategies to ensure employees, partners and contractors protect the organisation’s and others’ intangible assets
Establish or review procedures to securely record and store documentation related to the organisation’s intangible assets
Research the role intellectual property will play in the strategic plans of the organisation
Contribute to the implementation of the commercialisation of the organisation’s intellectual property
Manage the review of the activities of existing or potential competitors and assess their impact on the organisation’s intangible assets
Access and effectively use others’ intellectual property within legal guidelines for business advantage
Forms
Assessment Cover Sheet
BSBIPR501 - Manage intellectual property to protect and grow business
Assessment task 1: [title]
Student name:
Student ID:
I declare that the assessment tasks submitted for this unit are my own work.
Student signature:
Result: Competent Not yet competent
Feedback to student
Assessor name:
Signature:
Date:
Assessment Record Sheet
BSBIPR501 - Manage intellectual property to protect and grow business
Student name:
Student ID:
Assessment task 1: [title] Result: Competent Not yet competent
(add lines for each task)
Feedback to student:
Overall assessment result: Competent Not yet competent