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Elements and Performance Criteria

1. Evaluate project opportunities
   • Evaluate project proposals in a strategic context
   • Review financial criteria to determine economic feasibility of project
   • Prioritise projects to leverage financial resources
2. Monitor project performance
   • Direct project schedule and budget development
   • Direct integration of project activities
   • Evaluate project performance using earned value techniques
   • Proactively manage strategic projects’ risks and issues
   • Determine need and direct project audits
   • Identify and take action to address unsatisfactory performance
3. Manage project completion activities
   • Direct financial completion
   • Establish benefits realisation plans
   • Apply project lessons learned strategically

Required Skills

Required skills

analytical skills to

assess deficiencies in project processes and setup

determine the validity of arguments

formulate a logical plan of action based on proposed solutions

investigate situations and provide recommendations and remedies

make effective decisions

probe for consistency in information or data presented

validate competitive technologies in a strategic context

financial skills to

negotiate adjustments to operational budgets based on benefits realisation plans

validate project estimation and costbenefit analysis

management skills to

apply projectmanagement methods to reduce project and financial risks

delegate and communicate

maintain an overview of projects and programs

oversee project programs

plan and organise resources

interpersonal skills to

maintain appropriate communication

negotiate appropriate outcomes

provide highlevel leadership and personnel management

resolve conflict situations

technology skills to evaluate complex information technology issues within the organisational environment

Required knowledge

appropriate cost management and estimating methodologies techniques and tools their capabilities and limitations applicability and outcomes

business and commercial issues

cost schedule control systems

delegation and management of responsibilities for cost management

differences in work content risk processes tools and techniques that apply in the various phases of recurring project life cycles within a volatile program environment

direction of project development and management of program budgets

human resource management policies

how to apply principles and techniques relating to

negotiation

risk management including risk sharing and transfer

organisational guidance and attitudes to cost management

organisational procurement guidelines

organisational policies including project governance policies

principles of program projectcost management and its application

project management systems tools and techniques

project specifications and objectives

public relations policies and strategies

relationship between cost time and resources to the project management framework

political climate and organisations culture

use of the budget as a control mechanism

Evidence Required

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit	Evidence of the ability to select project opportunities that align with organisational strategic and financial goals identify and justify high priority projects to be undertaken based on tradeoffs between benefits risks and scarce financial resources develop schedule and budget for selected projects to enable ongoing earned value performance measurement review project performance and initiate appropriate corrective actions and audit activity where necessary establish and monitor an agreed project benefits realisation plan
Context of and specific resources for assessment	Assessment must ensure access to relevant strategic level enterprise documentation including planning financial and IT infrastructure relevant organisational policies Where applicable physical resources should include equipment modified for people with special needs
Method of assessment	A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit direct observation of the candidate carrying out the work of overseeing projects being managed by others verbal or written questioning to assess required knowledge and skills review of reports and implementation plans review of a portfolio of the project work undertaken Note The preferred assessment method is through a workplace project or through a simulated medium to large enterprise workplace
Guidance information for assessment	Holistic assessment with other units relevant to the industry sector workplace and job role is recommended where appropriate Assessment processes and techniques must be culturally appropriate and suitable to the communication skill level language literacy and numeracy capacity of the candidate and the work being performed Indigenous people and other people from a nonEnglish speaking background may need additional support In cases where practical assessment is used it should be combined with targeted questioning to assess required knowledge

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Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. 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) may also be included.

Project proposals may include:	documents designed to seek authorisation and support for initiating a project within an organisation.
Financial criteria may include:	internal rate of return (IRR) net present value (NPV) payback period return on investment (RoI).
Integration of project activities may include:	project activities that are necessary to ensure the project's components are coordinated change control processes project plan development and execution.

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