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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. 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. |
Describing the product/innovation will include: | providing detailed background information identifying the benefit and assumptions made when approval was given to develop the innovationpreparing reports, summaries, demonstrations and promotional materials to suit a variety of audiences preparing responses to questions, issues and technical queries from current and prospective stakeholders. |
Market testing may include: | consumer sampling and testing strategies franchising pre-production ordering identifying routing opportunities, such as:partner optionslicensingregulatory compliance. |
Funding options may include: | government (local, state, territory and federal) development grantsindustry joint funding, including partnerships with industry and governmentcommercial funding, including investor funding (e.g. venture capital and equity partners)owner/operatorpartnership arrangements. |
Resourcing requirements may include: | financial requirements:manufacture capital investmentIntellectual Property (IP) costsregulatory approval/market access costinnovation production costingsales and marketing costs forecast return on investment infrastructure human. |
Marketing plan will include: | determining resources requiredbudgeting setting key performance indicators (KPIs) developing sale forecasts for one, three and five years. |
Supply chain strategy will include: | supply chain logistics SWOTidentifying and evaluating potential supplier partnerships negotiating contracts. |
Developing an IP strategy may include: | freedom to operateIP management purpose and benefits patent infringement issuespatent mappingpatenting optionstrademark registration. |
Environmental sustainability impacts may include: | reduction of wasteincreased energy and resource efficienciesrecycling. |
Negotiating proposal modifications may involve: | making presentations to key stakeholders negotiating with senior company personnel or Board Directors modifying aspects of the proposal to accommodate stakeholder input/requirements. |
Project implementation plan will include: | determining project championsdeveloping project planning chart with critical points and stages structuring, identifying and recruiting the project teamassigning KPIs and objectives to individuals. |
Monitoring process may include: | identifying, selecting and analysing data quantitative and qualitative feedback processes testing assumptionsidentifying times and data collection pointsdeveloping review and reporting schedules trend monitoring and forecasting analysis. |
Business processes may include: | human resource policies and procedures, including job descriptionsdocumented monitoring and reporting requirements financial policies and procedures company negotiation and contractual processes. |