Unit of competency Outline

Date retreived
22/07/2026 6:29 PM AWST

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Lead the portfolio

Lead the portfolio

Unit of competency
National Code
BSBPMG805
State Code
AUJ12
TGA Status
Replaced
DTWD Status
Transition (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
55
Description
This unit describes the skills and knowledge required to lead the portfolio. It covers the providing of effective leadership and management within the portfolio, and ensuring a vision is developed and communicated.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. Lead the portfolio team
  • 1.1 Champion portfolio management within the organisation
  • 1.2 Justify portfolio management resourcing regularly, and quantify and communicate the associated value provided to the business
  • 1.3 Brief and support project/program sponsors throughout the project/program lifecycles
  • 1.4 Assess performance of portfolio management office staff regularly and provide feedback
  • 1.5 Influence internal and external stakeholders
2. Make strategic decisions
  • 2.1 Establish a portfolio vision including a strategic plan, vision statement, charter and business plan
  • 2.2 Communicate the portfolio vision to stakeholders according to organisational requirements
No information
No information
Replaced By
State Code National Code Title Type
OCD93 BSBPMG814 Lead the portfolio Unit of competency