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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
   • Obtain, interpret and confirm work requirements
   • Access, interpret and apply documentation required to conduct a feasibility study
   • Analyse organisation 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 according to workplace procedures
   • Identify and explore market opportunities to assist the organisation to forecast trends and options
   • Determine quantity and quality of resources according to workplace procedures
   • Identify and analyse threats and opportunities and use them to optimise project outcomes
   • Undertake titles search
   • Document legislative and organisational requirements
   • Estimate resource requirements and utilisation to reflect customer requirements, the organisation 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
3. Prepare report and present findings/recommendations
   • Prepare preliminary reports for management briefings according to workplace procedures
   • Document in writing recommendations for future action and agreement gained by stakeholders

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

conduct a feasibility study on at least two occasions, including:

preparing a complete feasibility proposal

successfully conducting a feasibility study

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

analysing and reviewing production costs versus equipment and plant operating costs

evaluating new and used equipment using appropriate techniques

monitoring and maintaining plant and equipment

accessing and using appropriate technologies

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

resolving or managing conflict throughout feasibility study activity

managing project and task allocations and all associated outcomes

preparing and presenting feasibility proposal to management.

During the above, the candidate must:

locate and apply relevant documentation, policies and procedures and confirm that the work activity is compliant

implement the requirements, procedures and techniques for conducting a feasibility study

work effectively with others to conduct a feasibility study in a way that meets all required outcomes

communicate clearly and concisely with others to receive and clarify work instructions.

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Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

key policies, procedures and documentation required to conduct a feasibility study, including:

gaining statutory/legal approvals

interpreting tender specifications

negotiating and finalising contracts

implementing change

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

principles and techniques for identifying and understanding:

site plant and equipment

team management

resource quantification

financial models

organisational change and development

environmental management

work health and safety

computer applications

negotiation techniques

principles and techniques for identifying relevant hazards and emergencies

techniques for coordinating and communicating job activities with others.

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