Unit of competency Outline
Date retreived
22/07/2026 12:00 PM AWST
22/07/2026 12:00 PM 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.
Lead the portfolio
Lead the portfolio
Unit of competency
National Code
BSBPMG814
BSBPMG814
State Code
OCD93
OCD93
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
55
Description
This unit describes the skills and knowledge required to lead the portfolio. It covers provision of effective leadership and management within the portfolio, and ensuring a vision is developed and communicated.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. Lead the portfolio team
- 1.1 Champion portfolio management within the organisation
- 1.2 Justify portfolio management resourcing at prescribed intervals according to task requirements
- 1.3 Quantify and communicate the associated value provided to the business
- 1.4 Brief and support project and program sponsors throughout the project/program lifecycles according to task requirements
- 1.5 Assess performance of portfolio management staff and provide feedback according to task requirements
- 1.6 Communicate and negotiate with internal and external stakeholders according to task requirements
2. Make strategic decisions
- 2.1 Establish a portfolio vision
- 2.2 Communicate the portfolio vision to stakeholders according to organisational requirements
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUJ12 | BSBPMG805 | Lead the portfolio | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFR4 | BSB80220 | Graduate Diploma of Portfolio Management | Qualification |
| BFS6 | BSB80320 | Graduate Diploma of Strategic Leadership | Qualification |