RIIBEF604E — Conduct a feasibility study

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What an assessment for RIIBEF604E must cover

64 assessable components: 4 elements (19 performance criteria), 17 performance evidence and 26 knowledge evidence requirements, plus 2 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.

Elements & performance criteria

1 Identify and research organisation’s needs

1.1Obtain, interpret and confirm work requirements
1.2Access, interpret and apply documentation required to conduct a feasibility study
1.3Analyse organisation goals, objectives and strategies to determine the type of research required
1.4Investigate and analyse operating environments to develop options, strategies and anticipated outcomes
1.5Prepare written research brief stating the objectives and outcomes, and the requirements for presentation of information
1.6Develop and implement strategies that translate the objectives into the planning process

2 Carry out environmental investigation

2.1Establish information requirements and identify and access sources
2.2Establish strategies and systems to support analysis of the environment
2.3Scan the environment to identify and assess the factors that impact on the project according to workplace procedures
2.4Identify and explore market opportunities to assist the organisation to forecast trends and options
2.5Determine quantity and quality of resources according to workplace procedures
2.6Identify and analyse threats and opportunities and use them to optimise project outcomes
2.7Undertake titles search
2.8Document legislative and organisational requirements

3 Assess feasibility

3.1Estimate resource requirements and utilisation to reflect customer requirements, the organisation business plans and the cost to the organisation of providing the products and services
3.2Review and update information to ensure appropriate data is gathered to assess project viability
3.3Seek preliminary opinion from legislative and regulative bodies

4 Prepare report and present findings/recommendations

4.1Prepare preliminary reports for management briefings according to workplace procedures
4.2Document in writing recommendations for future action and agreement gained by stakeholders

Performance evidence

conduct a feasibility study on at least two occasions, including:
preparing a complete feasibility proposal
successfully conducting a feasibility study
preparing operating budgets and forecast trends to manage and control operating costs
analysing and reviewing production costs versus equipment and plant operating costs
evaluating new and used equipment using appropriate techniques
monitoring and maintaining plant and equipment
accessing and using appropriate technologies
negotiating with internal and external customers, community and statutory and legal authorities
resolving or managing conflict throughout feasibility study activity
managing project and task allocations and all associated outcomes
preparing and presenting feasibility proposal to management.
During the above, the candidate must:
locate and apply relevant documentation, policies and procedures and confirm that the work activity is compliant
implement the requirements, procedures and techniques for conducting a feasibility study
work effectively with others to conduct a feasibility study in a way that meets all required outcomes
communicate clearly and concisely with others to receive and clarify work instructions.

Knowledge evidence

key policies, procedures and documentation required to conduct a feasibility study, including:
gaining statutory/legal approvals
interpreting tender specifications
negotiating and finalising contracts
implementing change
worksite operations
quality assurance principles
human resource policies and practices
industrial awards/enterprise agreements
business planning
establishing and maintaining organisational objectives
risk management principles, strategies and techniques
site products and services
customer/client relations
principles and techniques for identifying and understanding:
site plant and equipment
team management
resource quantification
financial models
organisational change and development
environmental management
work health and safety
computer applications
negotiation techniques
principles and techniques for identifying relevant hazards and emergencies
techniques for coordinating and communicating job activities with others.

Foundation skills

Problem solving: Identifies a range of factors that impact on a decision, including own values and principles, the needs, power, values, beliefs and assumptions of stakeholders
Initiative and enterprise: Demonstrates an understanding of the strategic and operational trends to achieve work goals, enhance work processes, create opportunities and reduce risks

Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.

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Real, unedited Auditori output (RIIHAN201E shown), branded for a sample RTO:

Questions about assessing RIIBEF604E

What does an assessment tool for RIIBEF604E need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for RIIBEF604E needs to address all 64 unit components: 4 elements with 19 performance criteria, 17 performance evidence requirements, 26 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for RIIBEF604E?

Auditori pulls the current release of RIIBEF604E from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for RIIBEF604E — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing RIIBEF604E assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of RIIBEF604E, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.

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