Unit of competency Outline
Date retreived
23/07/2026 12:57 AM AWST
23/07/2026 12:57 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Manage portfolio resources
Manage portfolio resources
Unit of competency
National Code
BSBPMG816
BSBPMG816
State Code
OCE53
OCE53
TGA Status
Current
Current
DTWD Status
Approved
Approved
State Implementation and Classification
Approved Date
16/03/2021
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
16/03/2021
Nominal Hours
80
Description
This unit describes the skills and knowledge required to manage human resources within a portfolio. It covers capacity planning, capacity assessment, assignment and coordination of human resources for a portfolio.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.The unit 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 strategic objectives of the organisation.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Assess portfolio resources capacity
- 1.1 Identify project and program resources based on resource forecasts
- 1.2 Capture a baseline of existing and proposed resources
- 1.3 Review, identify and assess the resource capacity of the organisation according to task requirements
- 1.4 Develop, review and update a portfolio resource strategy based on the status of projects and programs in the portfolio
2. Assess skills and experience
- 2.1 Capture and maintain details of human resource skill sets and experience
- 2.2 Capture and maintain human resource availability and utilisation information
- 2.3 Highlight human resource deficiencies and strengths and factor these into the organisational workforce and development plans
- 2.4 Implement strategies to resolve human resource deficiencies and imbalances
- 2.5 Assess readiness for change and identify impacts of change
3. Assign project and program resources
- 3.1 Allocate resources optimally based on organisational strategic priority of projects and programs within the portfolio
- 3.2 Forecast the impact on the organisation of project and program resource allocation and utilisation against plans
- 3.3 Identify and investigate resource gaps and conflicts
- 3.4 Take appropriate action to resolve the identified resource constraints according to organisational strategic priorities
4. Coordinate and prioritise resources
- 4.1 Coordinate cross-organisational resource assignment to support prioritised projects and programs
- 4.2 Reallocate resources from projects/programs cancelled or put on hold
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUI14 | BSBPMG807 | Manage portfolio resources | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFR4 | BSB80220 | Graduate Diploma of Portfolio Management | Qualification |