Elements and Performance Criteria
- Elements define the essential outcomes
- Performance criteria specify the performance needed to demonstrate achievement of the element
- Identify funding requirements and context
- Identify scope and purpose of funding
- Calculate funding requirements, including budget, current funding arrangements and future projections
- Identify potential avenues and sources of funding
- Research and gather information on all potential funding avenues and sources
- Determine if funding requirements are feasible and sustainable
- Develop a funding submission
- Prepare funding submission in accordance with funding source requirements
- Determine optimum method of presenting proposal to identified funding sources
- Seek legal, taxation and regulatory advice when required and ensure submission is checked by appropriate persons to ensure it meets compliance requirements
- Establish how deliverables and outcomes will be evaluated and measured
- Present proposal and negotiate with funding sources
- Manage funding agreement
- Evaluate funding agreement