Unit of competency Outline

Date retreived
22/07/2026 12:47 PM AWST

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Implement and manage the distribution plan

Implement and manage the distribution plan

Unit of competency
National Code
FNSILD504
State Code
AUR68
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
16/09/2015
Nominal Hours
50
Description
This unit describes the skills and knowledge required to communicate and action the distribution plan, monitor actions that arise from the plan, review and revise the plan, and measure ongoing results.It applies to individuals who use specialised knowledge, analytical skills and systematic approaches to implement strategic organisational activity.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Communicate plan
  • 1.1 Identify stakeholders of communication plan according to enterprise strategies and policies, and regulatory requirements
  • 1.2 Determine methods of communication appropriate to audience
  • 1.3 Establish feedback processes and undertake communication processes within timeframes
2. Action plan
  • 2.1 Establish project steps according to plan
  • 2.2 Establish enterprise structure to service distribution plan
  • 2.3 Action plan within established parameters
3. Monitor actions
  • 3.1 Analyse feedback on plan results within timeframes, following enterprise procedures
  • 3.2 Identify problems and opportunities from analysed feedback and undertake corrective action expediently on any divergence from plan
4. Review and revise plan
  • 4.1 Establish review process and secure feedback on all elements of plan
  • 4.2 Identify discrepancies between performance required and plan, and prioritise change actions
  • 4.3 Communicate revisions to plan to stakeholders according to enterprise strategies and policy
5. Measure ongoing results
  • 5.1 Monitor key performance indicators (KPIs)
  • 5.2 Prepare performance reports and communicate to relevant stakeholders
No information
No information
Replaces
State Code National Code Title Type
D4211 FNSILD504A Implement and manage the distribution plan Unit of competency
State Code National Code Title Type
BHU8 FNS51822 Diploma of Financial Services Qualification
BFE8 FNS51820 Diploma of Financial Services Qualification
AWB9 FNS51315 Diploma of Life Insurance Qualification