Unit of competency Outline

Date retreived
22/07/2026 7:37 AM AWST

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Determine resource requirements for new business ventures

Determine resource requirements for new business ventures

Unit of competency
National Code
BSBESB304
State Code
OCE81
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
19/10/2020
View on TGA
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080301 - Business Management
Original Release Date
16/03/2021
Nominal Hours
25
Description
This unit describes the skills and knowledge required to identify resources required for new business ventures; select options for acquiring them; and develop procedures and systems for introducing, using and maintaining them.The unit applies to those establishing a business providing self-employment, as well as those establishing a new venture as part of a larger organisation. Resources may include business machinery, equipment and software.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish resource requirements of new business venture
  • 1.1 Analyse business profile and consult with required personnel to determine business requirements for resources
  • 1.2 Analyse factors impacting type and quantity of required resources
  • 1.3 Record proposed type and quantity of required resources
2. Source resources required in new business venture
  • 2.1 Research options for acquiring resources that meet business outcomes
  • 2.2 Evaluate identified options to determine reliability, risk, cost, and ease of access to service and support
  • 2.3 Engage with suppliers and other key people to negotiate supply of resources according to established workplace activities
  • 2.4 Select and document resources to be acquired and seek approval.
3. Prepare for use of selected resources in new business venture
  • 3.1 Obtain or design procedures and systems for effective and efficient introduction and use of selected resources
  • 3.2 Ensure procedures are in place to monitor resource use and maintain, repair and replace resources
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