Unit of competency Outline

Date retreived
23/07/2026 5:46 AM AWST

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Manage portfolio communications and change

Manage portfolio communications and change

Unit of competency
National Code
BSBPMG806
State Code
AUL45
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
15/09/2015
Nominal Hours
70
Description
This unit describes the skills and knowledge required to manage communications and change within a portfolio. It covers portfolio metrics, data collection and measurement, stakeholder involvement and communication.A portfolio is the centralised management of one or more portfolios of projects, which includes identifying, prioritising, authorising, managing and controlling projects, programs and other related work, to achieve specific strategic business objectives.It applies to individuals who operate at the strategic level within the organisation. Unlike projects or programs, a portfolio does not have a finite life, instead it is a continuous process and requires regular tending to ensure the portfolio remains in balance and is consistent with the organisation’s strategic objectives.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Apply portfolio metrics, measurement and report
  • 1.1 Develop and regularly review a portfolio communications strategy, for use by portfolio staff
  • 1.2 Use a portfolio management information system to dynamically capture and manage information on projects and programs that comprise the portfolio and their status
  • 1.3 Ensure progress reports to executive management show achievement or non-achievement toward strategic objectives
  • 1.4 Communicate project selection criteria and project selection model throughout the organisation
  • 1.5 Integrate portfolio data collection processes and systems into organisational processes and systems
2. Undertake stakeholder engagement and management
  • 2.1 Ensure the organisational strategic management planning team interacts with executive management
  • 2.2 Ensure the ideal portfolio mix considers internal and external stakeholders needs
  • 2.3 Ensure the organisation fosters a culture of continuous improvement and of open internal disclosure of appropriate portfolio information
3. Communicate portfolio review outcomes
  • 3.1 Identify and communicate criteria to evaluate portfolio management success
  • 3.2 Forward regular portfolio management reports containing strategic information of portfolio status and progress to key project stakeholders
  • 3.3 Communicate projects selected for inclusion in and rejection from the portfolio along with the rationale for the decision
No information
No information
Replaced By
State Code National Code Title Type
OCE54 BSBPMG815 Manage portfolio communications and change Unit of competency