Unit of competency Outline

Date retreived
22/07/2026 12:45 PM AWST

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Obtain revenue to support operations

Obtain revenue to support operations

Unit of competency
National Code
CUAFIM401
State Code
AWF44
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
14/01/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080301 - Business Management
Original Release Date
21/07/2016
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.It applies to individuals 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 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 Identify potential revenue sources from a range of information sources
  • 1.2 Identify factors that may affect the suitability of potential revenue sources
  • 1.3 Evaluate suitability of revenue sources in relation to own or organisational overall vision
  • 1.4 Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people
  • 1.5 Determine how and from which sources revenue will be raised
2. Implement revenue-raising strategies
  • 2.1 Identify processes to follow to access potential revenue
  • 2.2 Build and maintain positive relationships with key stakeholders who can provide financial support
  • 2.3 Coordinate development of funding proposals
  • 2.4 Negotiate terms and conditions of funding agreements
  • 2.5 Clarify commitments made by both parties and communicate these to relevant people
3. Evaluate revenue-raising strategies
  • 3.1 Monitor all arrangements to ensure compliance with funding requirements
  • 3.2 Review the impact of funding on self or the organisation
  • 3.3 Review priorities and revenue-raising strategies and amend as required
No information
No information
Replaces
State Code National Code Title Type
S7654 CUVFIM401A Obtain revenue to support operations Unit of competency
Replaced By
State Code National Code Title Type
ODG85 CUAFIM411 Obtain revenue to support operations Unit of competency