Unit of competency Outline
Date retreived
23/07/2026 8:08 AM AWST
23/07/2026 8:08 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 communications and change
Manage portfolio communications and change
Unit of competency
National Code
BSBPMG815
BSBPMG815
State Code
OCE54
OCE54
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
70
Description
This unit describes the skills and knowledge required to manage communications and change within a portfolio. It covers portfolio metrics, data collection and measurement, stakeholder involvement and communication.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. Apply portfolio metrics, measurement and report
- 1.1 Develop and review a portfolio communications strategy, for use by portfolio staff
- 1.2 Capture and manage information on projects and programs that comprise the portfolio and their status using a portfolio management information system
- 1.3 Verify progress reports to executive management show achievement or non-achievement toward strategic objectives
- 1.4 Communicate project selection criteria and project selection model throughout the organisation
- 1.5 Integrate portfolio data collection processes and systems into organisational processes and systems
2. Undertake stakeholder engagement and management
- 2.1 Develop and implement process for organisational strategic management planning team to interact with executive management
- 2.2 Consider internal and external stakeholder needs in portfolio mix
- 2.3 Verify the organisation fosters a culture of continuous improvement and of open internal disclosure of appropriate portfolio information
3. Communicate portfolio review outcomes
- 3.1 Identify and communicate criteria to evaluate portfolio management success
- 3.2 Forward portfolio management reports containing strategic information of portfolio status and progress to key project stakeholders according to task requirements
- 3.3 Communicate projects selected for inclusion in and rejection from the portfolio along with the rationale for the decision
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUL45 | BSBPMG806 | Manage portfolio communications and change | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFR4 | BSB80220 | Graduate Diploma of Portfolio Management | Qualification |