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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. Complete investment appraisal
   • Identify desirability of project and programs based on their risk, projected benefits and business impacts assessment
   • Examine and adjust projects and programs that deliver similar business benefits and outcomes
   • Commission feasibility studies in instances where additional analysis is required to determine investment merit
   • Identify most appropriate projects and programs to receive organisational investment using a comparative analysis
   • Determine the budget or financial profile for each project and program
2. Select projects and programs for the portfolio
   • Use a project selection model to select projects and programs that comprise the portfolio
   • Review the organisations ideal project and program mix and calibrate the project selection model
   • Select projects and programs for inclusion in the portfolio based on the project selection model used by the organisation
   • Solicit project selection decision-making and support from executive management by preparing and presenting information
3. Monitor and apply approval status
   • Review and update the project and program approval process
   • Make recommendations to executive management for projects to be included in the portfolio
   • Facilitate the approval of projects or programs to be included in the portfolio by executive management
   • Allocate projects and programs a selection status
   • Provide identified funding and resources to approved projects and programs

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:

select and balance the portfolio on at least one occasion.

In the course of the above, the candidate must:

prepare a dependency map

undertake a project selection process

prepare a detailed project register for a portfolio explaining selection, appraisal and approval monitoring

monitor and control the status of project and program approvals.

demonstrate use of analysis methods and techniques, including:

cost-benefit analysis

quantitative analysis

scenario planning

probability analysis

graphical analysis methods.

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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:

business cases review process

rejected, cancelled or on-hold projects and programs with reasons for rejection

key analysis methods and techniques

process to cancel or put on hold those projects and programs currently underway that have been rejected from the portfolio

list of approved and rejected projects and programs to stakeholders

criterion prioritisation models

supply and demand concepts

methods to determine organisational human resources capacity

structure and use of business cases and feasibility studies.

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