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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. Articulate expected benefits
   • Identify expected benefits of the proposed initiative across the life cycle
   • Specify types of benefits and improvements and their impact on different aspects of the business
2. Determine and document resource and risk implications
   • Identify and categorise costs of the proposed initiative
   • Make substantiated estimates of all required fixed and variable costs
   • Include consideration of whole-of-life costing
   • Use financial modelling techniques to develop accurate and complete information that supports informed decision making
   • Identify and articulate the key business capabilities required to progress the initiative
   • Identify and compare the financial and broader business risks of proceeding versus not proceeding
   • Prepare business case that clearly articulates scope, benefits, resource and risk implications and aligns with the components of an energy management action plan and requirements of ISO 50001 Energy Management Systems
   • Develop recommendations based on benefits, resource and risk implications
   • Seek input from stakeholders and refine proposal based on feedback
3. Present and finalise business case
   • Select and use presentation methodology suited to the type of information being presented and audience needs
   • Tailor the scope and depth of technical and business energy information to audience needs
   • Identify and follow processes for organisational approval of business case

Performance Evidence

There must be evidence the candidate has completed the tasks outlined in the elements and performance criteria of this unit, and:

developed a business case for improved energy management for 1 organisation, area of operation or process that includes:

consideration of capital, personnel, financial and time-related costs and their impact on other resources

the following types of financial modelling:

Return on Investment (ROl) (simple payback)

cost–benefit analysis

whole of life costing.

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Knowledge Evidence

There must be evidence the candidate has knowledge of:

effective business case development:

principles

process

format and structure

key components

components of an energy management action plan and requirements of ISO 50001 Energy Management Systems

key stakeholders involved in energy management

operation of the energy system, including current and emerging technologies:

ways to procure energy

how energy is charged

electricity grids and how they work

relationship between equipment, processes and opportunities

current and emerging investment decision-making technologies

types of benefits from different initiatives

methods of quantifying and articulating benefits across the life cycle

concept of capital versus operational improvements

regulatory environment and requirements

risk considerations of action and inaction

financial modelling for business case development, including

Return on Investment (ROl)

cost–benefit analysis

costing methods for capital, personnel, financial and time related costs

whole-of-life costing processes

broader business capabilities required to implement energy management initiatives

presentation methodologies and their key features

types of approval processes required for implementation.

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