This unit describes the skills and knowledge required to manage resources in accordance with planned business strategies. It includes analysing resource requirements, developing resource plans, allocating resources, and reviewing and reporting on resource usage.
It applies to individuals who have a role in allocating and monitoring the use of physical and/or human resources to meet defined business objectives.
No licensing, legislative or certification requirements apply to this unit at the time of publication
Performance criteria describe the performance needed to demonstrate achievement of the element.
1.1 Develop resource bids in line with outputs specified in business plans
1.2 Consult with key stakeholders to determine the nature and level of resources required
1.3 Analyse resource requirements to identify proposed costs and benefits
1.4 Identify opportunities to share resources across business units within the organisation
2.1 Develop resource plans that detail the acquisition and allocation of resources, timelines and the relationship to business strategies, contingencies, plans, programs and processes
2.2 Determine internal resourcing capabilities and external resourcing requirements
2.3 Develop procedures for the evaluation of resource allocation and incorporate them in resource plans
2.4 Identify risks and establish risk management processes
2.5 Apply organisation’s procedures to obtain approvals from senior management
3.1 Allocate resources in accordance with relevant legislation, organisational policy and practices
3.2 Manage resource allocation to enable achievement of business unit objectives
3.3 Negotiate and obtain resources within required timeframe to enable achievement of business unit objectives
3.4 Develop and implement systems to enable timely and accurate monitoring and review of resource usage
3.5 Develop or revise work practices to incorporate efficient use of resources
4.1 Develop and implement procedures to review resource allocation against business unit objectives
4.2 Monitor compliance with program and project budgets and take corrective action where necessary
4.3 Prepare reports that clearly indicate the level of performance achieved and any action taken to adjust or rectify procedures in meeting service and product delivery standards
About This Course
Evidence of the ability to:
- consult with relevant stakeholders and analyse information to determine the nature and level of resource required to achieve business objectives
- plan for, acquire and allocate the resources, incorporating strategies to maximise efficiency and manage risk
- develop and implement systems to:
- incorporate efficient use of resources into work practices
- monitor resource use against budgets and business objectives
- prepare reports that clearly indicate the level of performance achieved and any adjustments needed to achieve service and product delivery standards.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
- outline the legislative and regulatory context of the organisation in relation to managing resources
- explain financial management and budgetary processes in the organisation in relation to resource acquisition
- explain typical risks associated with managing business resources and possible risk management strategies
- outline key elements and sources of information needed in a system to monitor usage for:
- physical resources
- human resources.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership field of work and include access to:
- relevant legislation, regulations, standards and codes
- workplace documentation and resources
- case studies and, where possible, real situations
- interaction with others.
Assessors must satisfy NVR/AQTF assessor requirements.