Application
This unit describes the skills required to perform market analysis, development and cost options, and justify for a recommended business solution.
This unit applies to those developing appropriate and cost-effective business solutions.
The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.
Those undertaking this unit would work autonomously, performing complex tasks in a range of familiar contexts.
No licensing, legislative or certification requirements apply to unit at the time of publication.
Elements and Performance Criteria
ELEMENTS | PERFORMANCE CRITERIA |
Elements describe the essential outcomes | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section. |
1. Research a business case | 1.1 Identify and confirm business problem. 1.2 Analyse key stakeholder requirements to clarify objectives. 1.3 Consider a range of factors to identify opportunities and constraints. 1.4 Conduct market analysis. |
2. Examine business solutions | 2.1 Analyse and document business and technical impacts and risks. 2.2 Analyse community, environmental and human resource impacts. 2.3 Canvas for alternative solutions and their financial implications and discuss with senior management and business case originator. |
3. Construct a business case | 3.1 Develop options and determine and document impacts, risks, costs and stakeholders. 3.2 Make and justify recommendations. |
4. Finalise a business case | 4.1 Present business case and explain recommendations. 4.2 Obtain approvals and management endorsement. |
Evidence of Performance
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.
managing resources
using language and style suited to written submissions
explaining complex ideas to different audiences
interpreting and explaining complex, formal documents
preparing written advice and reports requiring reasoning and precision of expression
engaging in discussion using exchange of complex oral information
Evidence of Knowledge
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.
government and organisational goals, policies and practices
legal requirements related to the business activity
financial and accounting issues relating to developing a business case
whole
approval processes
aspects of trade practices law, commercial law and law of contract relating to the development of business cases
jurisdictional legislation that applies to business case development, including work health and safety and environmental requirements
Assessment Conditions
This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.
Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.
Foundation Skills
Foundation skills are embedded within the elements and performance criteria of this unit.
Competency Field
Management