BSBESB304 — Determine resource requirements for new business ventures
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What an assessment for BSBESB304 must cover
37 assessable components: 3 elements (9 performance criteria), 6 performance evidence and 16 knowledge evidence requirements, plus 6 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 Establish resource requirements of new business venture
- 1.1Analyse business profile and consult with required personnel to determine business requirements for resources
- 1.2Analyse factors impacting type and quantity of required resources
- 1.3Record proposed type and quantity of required resources
2 Source resources required in new business venture
- 2.1Research options for acquiring resources that meet business outcomes
- 2.2Evaluate identified options to determine reliability, risk, cost, and ease of access to service and support
- 2.3Engage with suppliers and other key people to negotiate supply of resources according to established workplace activities
- 2.4Select and document resources to be acquired and seek approval.
3 Prepare for use of selected resources in new business venture
- 3.1Obtain or design procedures and systems for effective and efficient introduction and use of selected resources
- 3.2Ensure procedures are in place to monitor resource use and maintain, repair and replace resources
Performance evidence
- select at least two different types of resources for a new business venture, one of which must relate to digital technologies.
- In the course of the above, the candidate must:
- select resources that suit the business venture profile
- calculate required resource levels in line with business profile and projected business activity
- select options for resource acquisition suited to business venture, including financial position and stakeholder needs
- ensure procedures and systems are in place in relation to selected resources.
Knowledge evidence
- business requirements relating to required resources, including legislative and regulatory
- business venture profile and structure
- factors impacting type of resources required, including:
- benefits and challenges of specific resources
- functions of required digital technologies, business equipment and machinery
- warranties and conditions of use
- factors impacting quantity of resources required, including:
- business profile
- projected business activity levels
- business financial position
- workplace procedures and systems for:
- selecting and documenting resources to be acquired
- seeking approval for resource acquisition
- engaging with potential and existing suppliers
- negotiating arrangements for supply of resources
- using and maintaining resources.
Foundation skills
- Reading: Gathers, interprets and analyses textual and numerical information from a range of sources and identifies key information
- Writing: Uses information and industry-related terminology to complete simple instructional documentation
- Oral communication: Uses relevant language suitable to audience to convey requirements, and listening and questioning techniques to confirm understanding
- Numeracy: Analyses numerical information to calculate resource and equipment expenditure
- Initiative and enterprise: Researches new ideas and opportunities, selecting appropriate options as required
- Technology: Uses a range of digitally based technology and applications to access and filter data, and then extract, organise, integrate and share information
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 BSBESB304
What does an assessment tool for BSBESB304 need to cover?
To satisfy the Principles of Assessment and Rules of Evidence, an assessment for BSBESB304 needs to address all 37 unit components: 3 elements with 9 performance criteria, 6 performance evidence requirements, 16 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 BSBESB304?
Auditori pulls the current release of BSBESB304 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 BSBESB304 — with no card and no subscription required. After that it's pay-as-you-go per unit.
Can I check my existing BSBESB304 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 BSBESB304, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.
Related units
- BSBESB301 — Investigate business opportunities
- BSBESB302 — Develop and present business proposals
- BSBESB303 — Organise finances for new business ventures
- BSBESB305 — Address compliance requirements for new business ventures
- BSBESB401 — Research and develop business plans
- BSBESB402 — Establish legal and risk management requirements of new business ventures
- BSBESB403 — Plan finances for new business ventures
- BSBESB404 — Market new business ventures
- BSBESB405 — Manage compliance for small businesses
- BSBESB406 — Establish operational strategies and procedures for new business ventures
- BSBESB407 — Manage finances for new business ventures
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