Google Links

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

Elements and Performance Criteria

1. Undertake governance activities
   • Prepare a portfolio charter, which clearly establishes portfolio governance and management roles, authorities, approval limits, responsibilities and the scope of portfolio control
   • Apply disciplined governance arrangements, supported by appropriate methods and controls, to projects and programs within the portfolio
   • Implement business strategy
   • Record and communicate decisions made at authorisation points
   • Support executive management to ensure appropriate independent assurance of projects/programs occurs
2. Monitor governance processes
   • Communicate required portfolio updates with portfolio stakeholders according to task and organisational requirements
   • Review the portfolio charter
   • Evaluate project performance against criteria for reporting project status
   • Identify areas for improvement

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:

establish governance over a portfolio on at least one occasion.

In the course of the above, the candidate must:

prepare a portfolio charter

apply a decision-making matrix with suitable criteria

determine a suitable governance model to a portfolio context

define suitable decision-making authorities and delegations

prepare governance documentation and reports.

---

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:

governance mechanisms established in the portfolio

project, program and corporate governance models

appropriate methods and controls, for supporting disciplined governance arrangements

methods to incorporate legislative, regulatory or business requirements and changes into portfolio management decisions and controls

content and requirements of approved plans

features of efficient delegated authorisation body decision-making including:

sufficient representation

competence

authority

resources to enable bodies to make appropriate decisions

link between portfolio governance mechanisms and those used in projects/programs

suitable methods to communicate the governance requirements to subordinates

how portfolio decisions are made and supported.

---