Unit of competency Outline

Date retreived
22/07/2026 12:35 PM AWST

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Conduct a feasibility study

Conduct a feasibility study

Unit of competency
National Code
RIIBEF604E
State Code
OBX30
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
23/09/2020
View on TGA
State Implementation and Classification
Approved Date
05/03/2021
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
05/03/2021
Nominal Hours
70
Description
This unit describes the skills and knowledge required to conduct a feasibility study in the resources and infrastructure industries.It applies to those who work in management roles. They are generally responsible for the outcomes of others and contribute to the development of solutions to nonroutine problems.Licensing, legislative and certification requirements may apply to this unit and can vary between states, territories and industry sectors. Users must check requirements with relevant body before applying the unit.
Notes
Elements and Performance Criteria
1. Identify and research organisation’s needs
  • 1.1 Obtain, interpret and confirm work requirements
  • 1.2 Access, interpret and apply documentation required to conduct a feasibility study
  • 1.3 Analyse organisation goals, objectives and strategies to determine the type of research required
  • 1.4 Investigate and analyse operating environments to develop options, strategies and anticipated outcomes
  • 1.5 Prepare written research brief stating the objectives and outcomes, and the requirements for presentation of information
  • 1.6 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 according to workplace procedures
  • 2.4 Identify and explore market opportunities to assist the organisation to forecast trends and options
  • 2.5 Determine quantity and quality of resources according to workplace procedures
  • 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 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 according to workplace procedures
  • 4.2 Document in writing recommendations for future action and agreement gained by stakeholders
No information
No information
Replaces
State Code National Code Title Type
WH010 RIIBEF604D Conduct a feasibility study Unit of competency