Unit of competency Outline
Date retreived
22/07/2026 7:58 PM AWST
22/07/2026 7:58 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.
Manage and review portfolio performance
Manage and review portfolio performance
Unit of competency
National Code
BSBPMG812
BSBPMG812
State Code
OCE57
OCE57
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 effectively manage and review a portfolio. It covers project and program oversight, continuous improvement across the portfolio and benefits management realisation.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 organisation’s strategic objectives.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Program and project delivery oversight
- 1.1 Align the portfolio review cycle with appropriate project or program review points
- 1.2 Review project and program performance against respective plans and measure performance against continuously captured qualitative and quantitative data
- 1.3 Monitor the portfolio against projects or programs key objectives and benefits
- 1.4 Flag projects and programs not achieving planned performance for review and further investigation
- 1.5 Make recommendations to change projects or programs included in the portfolio
2. Portfolio continuous improvement
- 2.1 Review and improve project identification and approval
- 2.2 Assess portfolio value and contribution to strategic priorities through the monitoring and review of key performance indicator measures
- 2.3 Apply lessons learned into the project selection, prioritisation and portfolio balancing processes
3. Benefits management and realisation
- 3.1 Prepare and update portfolio delivery map showing the key timings and inter-dependencies between projects and programs and the associated benefits to be produced
- 3.2 Manage the portfolio according to organisational objectives
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUL04 | BSBPMG803 | Manage and review portfolio performance | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BFR4 | BSB80220 | Graduate Diploma of Portfolio Management | Qualification |