Unit of competency Outline

Date retreived
22/07/2026 4:41 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Secure and manage funding

Secure and manage funding

Unit of competency
National Code
CHCMGT004
State Code
AVB73
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
06/08/2015
View on TGA
State Implementation and Classification
Approved Date
22/01/2016
Field of Education
080301 - Business Management
Original Release Date
22/01/2016
Nominal Hours
70
Description
This unit describes the skills and knowledge required to secure and manage funding for an organisation, program or project.Workers may be responsible for determining the amount of funding required, identifying funding sources, developing funding proposals and managing ongoing compliance with funding agreements. This role would typically be undertaken by a senior worker or manager. This unit applies to a range of health and community service contexts and relates to both government and non-government funding and tenders.The skills in this unit must be applied in accordance with Commonwealth and State/Territory legislation, Australian/New Zealand standards and industry codes of practice.
Notes
Elements and Performance Criteria
1. Identify funding requirements and context
  • 1.1 Identify scope and purpose of funding
  • 1.2 Calculate funding requirements, including budget, current funding arrangements and future projections
  • 1.3 Identify potential avenues and sources of funding
  • 1.4 Research and gather information on all potential funding avenues and sources
  • 1.5 Determine if funding requirements are feasible and sustainable
2. Develop a funding submission
  • 2.1 Determine funding source requirements
  • 2.2 Prepare funding submission in accordance with funding source requirements
  • 2.3 Determine optimum method of presenting proposal to identified funding sources
  • 2.4 Seek legal, taxation and regulatory advice when required and ensure submission is checked by appropriate persons to ensure it meets compliance requirements
  • 2.5 Establish how deliverables and outcomes will be evaluated and measured
3. Present proposal and negotiate with funding sources
  • 3.1 Present proposal to funding sources using appropriate presentation methods and techniques
  • 3.2 Negotiate with funding source representatives to clarify terms and conditions of funding agreement
  • 3.3 Evaluate submission to identify strengths and weaknesses to inform subsequent submissions
4.Manage funding agreement
  • 4.1 Finalise funding agreement documentation and circulate to all parties
  • 4.2 Establish procedures to monitor ongoing compliance and reporting requirements in accordance with funding agreement
  • 4.3 Maintain ongoing relations with funding source to ensure mutual satisfaction with funding arrangement
5.Evaluate funding agreement
  • 5.1 Evaluate project outcomes against predetermined measures
  • 5.2 Identify lessons learned and opportunities for continuous improvement
  • 5.3 Identify opportunities for future funding arrangements as appropriate
No information
No information
No information