Unit of competency Outline

Date retreived
24/07/2026 1:48 AM AWST

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Manage and review portfolio performance

Manage and review portfolio performance

Unit of competency
National Code
BSBPMG803
State Code
AUL04
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
15/09/2015
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 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.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. Program and project delivery oversight
  • 1.1 Align the portfolio review cycle with appropriate project/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 to ensure that projects/programs are meeting their identified 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/programs included in the portfolio
2. Portfolio continuous improvement
  • 2.1 Continuously review and improve project identification and approval
  • 2.2 Assess portfolio value and contribution to strategic priorities regularly through the monitoring and review of key performance indicator measures
  • 2.3 Feed 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 Actively manage the portfolio to maximise achievement of organisational benefits
No information
No information
Replaced By
State Code National Code Title Type
OCE57 BSBPMG812 Manage and review portfolio performance Unit of competency