Unit of competency Outline

Date retreived
23/07/2026 6:59 AM AWST

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Conduct a feasibility study

Conduct a feasibility study

Unit of competency
National Code
RIIBEF604D
State Code
WH010
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
07/12/2014
View on TGA
State Implementation and Classification
Approved Date
30/05/2014
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
30/05/2014
Nominal Hours
70
Description
This unit describes a participant’s skills and knowledge required to conduct a feasibility study in the Resources and Infrastructure Industries.This unit is appropriate for those in management roles.Licensing, legislative, regulatory and certification requirements that apply to this unit can vary between states, territories, and Industry sectors. Relevant information must be sourced prior to application of the unit.
Notes
Elements and Performance Criteria
1 Identify and research organisation’s needs
  • 1.1 Access, interpret and apply relevant documentation and ensure the work activity is compliant
  • 1.2 Analyse organisation’s goals, objectives and strategies to determine the type of research required
  • 1.3 Investigate and analyse operating environments to develop options, strategies and anticipated outcomes
  • 1.4 Prepare written research brief stating the objectives and outcomes, and the requirements for presentation of information
  • 1.5 Develop and implement strategies that translate the objectives into the planning process
2 Carry out environmental investigation
  • 2.1 Establish information requirements and identify and access sources
  • 2.2 Establish strategies and systems to support analysis of the environment
  • 2.3 Scan the environment to identify and assess the factors that impact on the project
  • 2.4 Identify and explore market opportunities to assist the organisation to forecast trends and options
  • 2.5 Determine quantity and quality of resources
  • 2.6 Identify and analyse threats and opportunities and use them to optimise project outcomes
  • 2.7 Undertake titles search
  • 2.8 Document legislative and organisational requirements
3 Assess feasibility
  • 3.1 Estimate resource requirements and utilisation to reflect customer requirements, the organisation’s business plans and the cost to the organisation of providing the products and services
  • 3.2 Review and update information to ensure appropriate data is gathered to assess project viability
  • 3.3 Seek preliminary opinion from legislative and regulative bodies
4 Prepare report and present findings/recommendations
  • 4.1 Prepare preliminary reports for management briefings
  • 4.2 Document in writing recommendations for future action and agreement gained by stakeholders
No information
No information
Replaced By
State Code National Code Title Type
OBX30 RIIBEF604E Conduct a feasibility study Unit of competency