Unit of competency Outline
Date retreived
23/07/2026 4:28 PM AWST
23/07/2026 4:28 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.
Determine resource requirements for the micro business
Determine resource requirements for the micro business
Unit of competency
National Code
BSBSMB304A
BSBSMB304A
State Code
D1008
D1008
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
06/11/2014
Field of Education
080301 - Business Management
Original Release Date
06/11/2014
Nominal Hours
30
Description
This unit describes the performance outcomes, skills and knowledge required to determine the resource requirements of the micro business and to source these resources.Specific legal requirements apply to the management of a micro business.
Notes
Elements and Performance Criteria
1. Identify the resources needed in the business
- 1.1. Use the business profile to determine the types of resources that may be required in the business
- 1.2. Gather information regarding resource requirements, from appropriate sources
- 1.3. 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 the use of resources in the business
- 3.1. Design procedures and systems to allow for the 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 the use of resources
- 3.4. Develop procedures for the maintenance, support, repair and replacement of business machinery, equipment and software
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Types of resources may include:
consumables
equipment
facilities
human resources
machinery
materials
software
vehicles
Information regarding resource requirements includes:
costs
delivery
set up
Options for acquiring resources may include:
hiring
leasing
outsourcing
purchasing
Procedures and systems may include:
budgeting limits and approval process
delivery and receipt of stock and materials
developing and monitoring resource contracts
installation and support for IT/communications equipment and software
installation of machinery and equipment
maintenance and repair of machinery and equipment
ordering of stock and materials
recruitment, induction and supervision of personnel (employees or contractors)
storage of stock and materials
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Types of resources may include:
consumables
equipment
facilities
human resources
machinery
materials
software
vehicles
Information regarding resource requirements includes:
costs
delivery
set up
Options for acquiring resources may include:
hiring
leasing
outsourcing
purchasing
Procedures and systems may include:
budgeting limits and approval process
delivery and receipt of stock and materials
developing and monitoring resource contracts
installation and support for IT/communications equipment and software
installation of machinery and equipment
maintenance and repair of machinery and equipment
ordering of stock and materials
recruitment, induction and supervision of personnel (employees or contractors)
storage of stock and materials
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
knowledge of types of resources required by the business
determining appropriate resource levels in line with business profile and desired profit
selecting options for resource acquisition suited to the business and financial position
developing procedures and systems to allow for the efficient and effective installation, use and maintenance of resources.
Context of and specific resources for assessment
Assessment must ensure:
access to relevant documentation
candidate's individual circumstances and work in the context of establishing or running a micro business, are the basis for assessment.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
oral or audio-visual presentation of a case study requiring the candidate to determine resources needed to operate a specific micro business in a field and location relevant to the candidate
portfolio of evidence including identified and required resources, and options for their acquisition
oral or written questioning to assess knowledge of relevant legislation from all levels of government that affects small business operation
review of resource quantities determined
review of procedures developed for the maintenance, support, repair and replacement of business machinery, equipment and software.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBSMB302A Develop a micro business proposal
BSBSMB303A Organise finances for the micro business
BSBSMB306A Plan a home-based business.
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
knowledge of types of resources required by the business
determining appropriate resource levels in line with business profile and desired profit
selecting options for resource acquisition suited to the business and financial position
developing procedures and systems to allow for the efficient and effective installation, use and maintenance of resources.
Context of and specific resources for assessment
Assessment must ensure:
access to relevant documentation
candidate's individual circumstances and work in the context of establishing or running a micro business, are the basis for assessment.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
oral or audio-visual presentation of a case study requiring the candidate to determine resources needed to operate a specific micro business in a field and location relevant to the candidate
portfolio of evidence including identified and required resources, and options for their acquisition
oral or written questioning to assess knowledge of relevant legislation from all levels of government that affects small business operation
review of resource quantities determined
review of procedures developed for the maintenance, support, repair and replacement of business machinery, equipment and software.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBSMB302A Develop a micro business proposal
BSBSMB303A Organise finances for the micro business
BSBSMB306A Plan a home-based business.
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUL64 | BSBSMB304 | Determine resource requirements for the micro business | Unit of competency |