Elements and Performance Criteria
- Identify resources for new business or project opportunities
- Undertake a risk management analysis for new business or project opportunities
- Develop business or project ideas and options
- Identify and assess financial costs and resource requirements
- Develop project timeframe
- Implement appropriate structures to oversee new projects/business as relevant
- Establish, monitor and review policies and procedures to manage the use of staff, equipment and other physical assets, on a regular basis
- Implement new business or project strategies
- Communicate new business strategies to relevant stakeholders
- Clearly communicate roles and responsibilities of all parties
- Implement the project or new business in line with all relevant guidelines, legal and taxation requirements
- Maintain and keep required records to ensure legal organisation and statutory requirements are met
- Develop and sign contracts where appropriate
- Establish regular feedback mechanisms
- Evaluate new business or project opportunities
- Ensure that evaluation strategy and related techniques devised to collect and analyse data, meet the needs of decision-makers, funding organisations, business partners and others with a stake in the project or new business
- Consult all stakeholders on criteria used to evaluate the effectiveness of the project/business
- Use evaluation information for project or business revision, ongoing development and implementation