Unit of competency Outline

Date retreived
22/07/2026 11:04 PM AWST

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Endorse business plan components for a new initiative

Endorse business plan components for a new initiative

Unit of competency
National Code
ICTICT803
State Code
AUU81
TGA Status
Deleted
DTWD Status
Deleted
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080307 - Organisation Management
Original Release Date
16/09/2015
Nominal Hours
80
Description
This unit describes the skills and knowledge required to endorse a business plan for a new initiative, including the marketing, operations, organisational and financial plans within a medium to large organisation.It applies to individuals who work in high-level management positions and lead the analysis, implementation and management of emerging, and converging, information and communications technology (ICT), as they are integrated into the business process to support the organisational strategic goals of medium to large organisations.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Endorse a marketing plan for ICT business
  • 1.1 Ensure that internal and external environmental issues are addressed
  • 1.2 Critically review the feasibility of target market projections
  • 1.3 Endorse the selection of advertising and promotional strategies
2. Endorse the operation plan
  • 2.1 Review and verify, the scope of the business operation plan
  • 2.2 Ensure that the business plan complies with business needs
  • 2.3 Endorse the criteria for quality processes against the organisational standards
3. Endorse the organisational plan
  • 3.1 Critically analyse and review the organisation’s structure
  • 3.2 Ensure that the organisational structure meets the organisation’s strategic plans and directions
4. Endorse the financial plan
  • 4.1 Endorse the financial strategy for the new initiative
  • 4.2 Evaluate the expected cash-flow projections
  • 4.3 Critically analyse and evaluate the effects of financial decisions on the ability of the organisation to meet planned outcomes
  • 4.4 Ensure financial risk-management procedures are followed according to organisational requirements
  • 4.5 Ensure early detection and remedial action plans, for deviations in budget objectives and projections
No information
No information
Replaces
State Code National Code Title Type
D7909 ICAICT703A Endorse business plan components for a new initiative Unit of competency