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.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Set revenue-raising goals | 1.1 Identify potential revenue sources from a range of information sources 1.2 Identify factors that may affect the suitability of potential revenue sources 1.3 Evaluate suitability of revenue sources in relation to own or organisational overall vision 1.4 Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people 1.5 Determine how and from which sources revenue will be raised |
2. Implement revenue-raising strategies | 2.1 Identify processes to follow to access potential revenue 2.2 Build and maintain positive relationships with key stakeholders who can provide financial support 2.3 Coordinate development of funding proposals 2.4 Negotiate terms and conditions of funding agreements 2.5 Clarify commitments made by both parties and communicate these to relevant people |
3. Evaluate revenue-raising strategies | 3.1 Monitor all arrangements to ensure compliance with funding requirements 3.2 Review the impact of funding on self or the organisation 3.3 Review priorities and revenue-raising strategies and amend as required |
Evidence of the ability to:
develop and document a plan that outlines strategies to raise revenue for a given organisation or practice
research revenue-raising opportunities relevant to the organisation or practice
coordinate the development of a funding proposal
monitor and review revenue-raising strategies.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
describe sources of information for potential funding
explain typical avenues through which revenue can be raised in the relevant industry context and their typical objectives and expectations:
outline a wide range of methods used by visual arts practitioners and organisations to generate revenue
discuss emerging trends and different models for revenue-raising activities
explain issues and challenges that typically arise in revenue raising activities
explain the key obligations generally associated with funding agreements, including:
legal requirements to supply services as contracted and ramifications of failure to comply
audit of expenditure
reporting requirements.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in creative arts industry environments. The assessment environment must include access to materials, resources and equipment needed to research funding and revenue opportunities.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational educational and training legislation, frameworks and/or standards.