Unit of competency Outline

Date retreived
22/07/2026 8:29 PM AWST

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Determine resource requirements for the micro business

Determine resource requirements for the micro business

Unit of competency
National Code
BSBSMB304
State Code
AUL64
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
2.00
Current Release Date
14/01/2016
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to select options for resource acquisition, develop procedures and systems for efficient installation, and use and maintain resources.It applies to individuals who are establishing or operating a micro business providing self-employment.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify resources needed in the business
  • 1.1 Use the business profile to determine types of resources that may be required
  • 1.2 Gather information regarding resource requirements from appropriate sources
  • 1.3 Investigate digital technology options, benefits and challenges
  • 1.4 Determine resource quantities in accordance with business activity levels and financial position
2. Select appropriate sources for resources required in the business
  • 2.1 Investigate different options for acquiring resources needed in the business in terms of business profile and stakeholder needs
  • 2.2 Determine reliability, risks and costs associated with these options in line with business projections
  • 2.3 Determine ease of access to sources of service and support
  • 2.4 Select suitable options as investigated
  • 2.5 Establish relationships with suppliers and other key people
3. Prepare for use of resources in the business
  • 3.1 Design procedures and systems to allow effective and efficient introduction, use and maintenance of resources
  • 3.2 Negotiate and review arrangements for supply of resources to ensure the business profile is met
  • 3.3 Design procedures for monitoring use of resources
  • 3.4 Develop procedures for maintenance, support, repair and replacement of business machinery, equipment and software
No information
No information
Replaces
State Code National Code Title Type
D1008 BSBSMB304A Determine resource requirements for the micro business Unit of competency
Replaced By
State Code National Code Title Type
OCE81 BSBESB304 Determine resource requirements for new business ventures Unit of competency