List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions. |
1. | Determine asset management objectives. | 1.1. | Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes. |
1.2. | Strategic plans and other information are obtained and asset management issues analysed. |
| 1.3. | Roles and responsibilities associated with developing an asset management plan are clearly defined and documented. |
| | 1.4. | Monitoring and reporting arrangements for asset management activities are determined. |
| | 1.5. | Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared. |
| | 1.6. | Applicable industry, organisational and legislative requirements are interpreted and complied with. |
2. | Conduct strategic analysis. | 2.1. | Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures. |
| 2.2. | Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective. |
| 2.3. | Comparative market data is obtained and analysis undertaken using standard financial analysis techniques. |
| 2.4. | Risks and contingencies are identified and quantified according to industry standards, precedents and techniques. |
3. | Design support processes. | 3.1. | Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan. |
| | 3.2. | Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters. |
| | 3.3. | Quality assurance goals and strategies are determined. |
| | 3.4. | Draft asset management plan is prepared using business equipment and technology. |
4. | Review and evaluate asset management plan. | 4.1. | Asset management plan is reviewed and evaluated. |
| 4.2. | Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes. |
| 4.3. | Evaluation results are prepared. |
| 4.4. | Recommendations for improving strategy are presented to management within agreed timeframes. |
A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.
The person must also develop a life cycle asset management plan for one property-related asset.
In doing the above, the person must:
conduct a risk analysis and evaluate potential factors that may impact on asset management objectives
establish asset management objectives
apply knowledge of organisation’s practices, ethical standards and legislative requirements associated with developing a life cycle asset management plan
formulate, review and evaluate an asset management strategy
prepare a detailed budget outlining resource requirements to support asset management activities.
A person demonstrating competency in this unit must demonstrate knowledge of:
asset life cycle
asset management plans
basic knowledge of property contracts and administrative requirements
building codes and Australian standards relating to life cycle asset management plans
building construction practice
common hazards to public and personal safety associated with particular types of maintenance work in buildings
industry benchmarks for maintenance procedures
limitations of own work role, responsibilities and professional abilities
organisational and professional procedures, ethical practices and business standards
property-related assets
key requirements of federal, state or territory legislation and local government regulations relating to asset management, including building control legislation
work health and safety (WHS) issues and requirements relating to developing life cycle asset management plans.
The following must be present and available to learners during assessment activities:
equipment:
computer system with internet, email and printing facilities
specifications:
relevant legislation and associated regulations
workplace policies and procedures on asset management
specification for an asset for which a life cycle asset management plan is required
supervisor:
member of a work team in a property industry context.
Assessor requirements
As a minimum, assessors must satisfy the assessor requirements in the Standards for Registered Training Organisations (RTOs) current at the time of assessment.