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Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge

Elements and Performance Criteria

1. Identify and research organisation’s needs
   • Access, interpret and apply relevant documentation and ensure the work activity is compliant
   • Analyse organisation’s goals, objectives and strategies to determine the type of research required
   • Investigate and analyse operating environments to develop options, strategies and anticipated outcomes
   • Prepare written research brief stating the objectives and outcomes, and the requirements for presentation of information
   • Develop and implement strategies that translate the objectives into the planning process
2. Carry out environmental investigation
   • Establish information requirements and identify and access sources
   • Establish strategies and systems to support analysis of the environment
   • Scan the environment to identify and assess the factors that impact on the project
   • Identify and explore market opportunities to assist the organisation to forecast trends and options
   • Determine quantity and quality of resources
   • Identify and analyse threats and opportunities and use them to optimise project outcomes
   • Undertake titles search
   • Document legislative and organisational requirements
3. Assess feasibility
   • Estimate resource requirements and utilisation to reflect customer requirements, the organisation’s business plans and the cost to the organisation of providing the products and services
   • Review and update information to ensure appropriate data is gathered to assess project viability
   • Seek preliminary opinion from legislative and regulative bodies
4. Prepare report and present findings/recommendations
   • Prepare preliminary reports for management briefings
   • Document in writing recommendations for future action and agreement gained by stakeholders
5. Identify and research organisation’s needs
   • Access, interpret and apply relevant documentation and ensure the work activity is compliant
   • Analyse organisation’s goals, objectives and strategies to determine the type of research required
   • Investigate and analyse operating environments to develop options, strategies and anticipated outcomes
   • Prepare written research brief stating the objectives and outcomes, and the requirements for presentation of information
   • Develop and implement strategies that translate the objectives into the planning process

Performance Evidence

Evidence is required to be collected that demonstrates a candidate’s competency in this unit. Evidence must be relevant to the roles within this sector’s work operations and satisfy all of the requirements of the performance criteria of this unit and include evidence that the candidate:

locates and applies relevant legislation, documentation, policies and procedures

implements the procedures and techniques for the safe, effective and efficient conduct of a feasibility study including:

preparing operating budgets and forecast trends to manage and control operating costs

analysing and reviewing production costs versus equipment/plant operating costs

evaluating new and used equipment using appropriate techniques

monitoring and maintaining plant and equipment

accessing and using appropriate technologies

works effectively with others to undertake and complete the feasibility study including:

negotiating with internal/external customers, community and statutory/legal authorities

resolving or managing conflict throughout feasibility study activity

managing project and task allocations and all associated outcomes

demonstrates completion of conducting feasibility studies that safely, effectively and efficiently meets all of the required outcomes on more than one (1) occasion including:

preparing a complete feasibility proposal

successfully conducting a feasibility study

preparing and presenting feasibility proposal to management

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Knowledge Evidence

The candidate must demonstrate knowledge of conducting feasibility studies:

applying legislative, organisation and site requirements and procedures for:

gaining statutory/legal approvals

tender specifications

negotiating and finalising contracts

implementing change

business planning

worksite operations

quality assurance principles

human resource policies and practices

industrial awards/enterprise agreements

business planning

establishing and maintaining organisational objectives

risk management principles, strategies and techniques

site products and services

customer/client relations

site plant and equipment

team management

resource quantification

financial models

fundamentals of law and contract law

organisational change and development

environmental management

work health and safety

computer applications

negotiation techniques

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