Unit of competency Outline
Date retreived
22/07/2026 6:02 PM AWST
22/07/2026 6:02 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.
Prioritise projects and programs
Prioritise projects and programs
Unit of competency
National Code
BSBPMG801
BSBPMG801
State Code
AUM42
AUM42
TGA Status
Replaced
Replaced
DTWD Status
Transition (Replaced)
Transition (Replaced)
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
70
Description
This unit describes the skills and knowledge required to prioritise projects and programs within a portfolio. It covers the identification, strategic alignment and setting of priorities at the portfolio level.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.It 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. Identify projects and programs
- 1.1 Undertake a regular census to identify and capture all ideas, proposed, planned, active or inactive projects and programs in the organisation, the project sponsor and their project approval status
- 1.2 Capture macro-level project and program information for every project and program within the project portfolio
- 1.3 Implement ongoing identification and capture of project and program information using formalised tools and processes that are agreed to with executive management
2. Undertake strategic alignment
- 2.1 Align and objectively score projects and programs against organisational strategic objectives
- 2.2 Identify and assess key drivers, internal and external sources of impact for projects and programs within the portfolio
- 2.3 Assess projects and programs to determine the degree of alignment with, and contribution to, one or more strategic objective
- 2.4 Highlight and flag projects and programs that do not align to one or more strategic objective for further analysis
- 2.5 Categorise projects and programs according to each strategic objective
3. Apply prioritisation
- 3.1 Identify, document and review organisational prioritisation methods to reflect changing organisational priorities
- 3.2 Agree on prioritisation criteria for project portfolio assessment with executive stakeholders
- 3.3 Prioritise projects and programs based on their alignment
No information
No information
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OCD48 | BSBPMG810 | Prioritise projects and programs | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| AVW4 | BSB80415 | Graduate Diploma of Portfolio Management | Qualification |