Unit of competency Outline

Date retreived
23/07/2026 4:58 AM AWST

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Obtain revenue to support operations

Obtain revenue to support operations

Unit of competency
National Code
CUAFIM411
State Code
ODG85
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
16/04/2021
View on TGA
State Implementation and Classification
Approved Date
26/11/2021
Field of Education
080301 - Business Management
Original Release Date
26/11/2021
Nominal Hours
40
Description
This unit describes the skills and knowledge required to set revenue-raising goals, identify potential sources of revenue and to proactively work to secure revenue.The unit applies to those who work with a large degree of independence and who work in variety of roles from sole practitioners through to senior administrators. Revenue could be raised from individual philanthropy, corporate philanthropy, corporate sponsorship or grants from philanthropic trusts or government agencies.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Set revenue-raising goals
  • 1.1 Determine organisational goals, vision and revenue requirements
  • 1.2 Identify potential revenue sources from different information sources
  • 1.3 Identify factors that may affect the suitability of potential revenue sources
  • 1.4 Evaluate suitability of revenue sources in relation to organisational goals and vision
  • 1.5 Identify revenue-raising priorities in line with organisational goals and vision in consultation with required personnel
  • 1.6 Determine how and from which sources revenue will be raised
2. Implement revenue-raising strategies
  • 2.1 Identify and follow processes that access potential revenue
  • 2.2 Build and maintain positive relationships with key stakeholders who can provide financial support
  • 2.3 Coordinate funding development according to requirements
  • 2.4 Negotiate terms and conditions of funding agreements
  • 2.5 Clarify commitments made by both parties and communicate these to required personnel
3. Evaluate and document revenue-raising strategies
  • 3.1 Monitor all arrangements and confirm compliance with funding requirements
  • 3.2 Review impact of funding on self or organisation
  • 3.3 Review priorities and revenue-raising strategies and amend as required
  • 3.4 Complete workplace documentation according to organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
AWF44 CUAFIM401 Obtain revenue to support operations Unit of competency