Assessor Resource

MEACOM0030
Prepare and manage aviation maintenance organisation budgets and financial plans

Assessment tool

Version 1.0
Issue Date: May 2024


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Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.
Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Identify strategic opportunities and express them in terms of aircraft and aeronautical product maintenance activities 
Convert intended maintenance activities into special projects or work programs 
Analyse and interpret financial trends in the context of organisational strategic objectives 
Identify financial planning objectives, process timeframes, and resources 
Give individuals and groups responsibility for developing specific budgets and plans 
Consult with required groups and individuals throughout organisation on expenditure issues pertaining to aviation maintenance 
Develop proposals, taking account of past experience, present trends, and future expectations 
Link outcomes of proposals to organisational strategic objectives 
Incorporate realistic cost-benefit and aviation maintenance organisation exposition compliance costs into all proposals 
Meet organisational investment target rates for capital expenditure proposals 
Identify performance measures and tactics for monitoring and control processes for each proposal/action, and develop a financial risk management plan 
Review proposals to ensure their compliance with organisational values, policies, code of conduct, and legal and ethical obligations 
Develop proposals within agreed timeframes 
Include valid and sufficient supporting evidence that allows proper evaluation of proposals 
Negotiate with designated groups and individuals in ways that build commitment to the plans 
Confirm clear, concise objectives and timeframes according to organisational strategic objectives 
Agree on negotiated matters to be incorporated into budgets and plans 
Review budgets and plans to ensure they incorporate negotiation outcomes and meet organisational approval processes 
Agree delegations, accountabilities, and responsibilities and confirm them in writing 
Document final budget and plans and develop a communication plan 
Distribute budget/financial plan communication package to finance specialists for review 
Revise and amend package in response to review feedback 
Explain plan data and terms to users 
Test communication outcomes to ensure clear understanding of objectives, processes, and accountabilities 
Confirm delegations and budget accountabilities in writing prior to budget period 
Allocate funds according to budget objectives and parameters 
Review recording systems and documentation to ensure they meet audit requirements and legal obligations 
Implement risk management plans and contingency plans for all financial plans 
Monitor performance and promptly identify variances 
Analyse variances in conjunction with relevant experts to determine cause and effect 
Take swift remedial action to minimise negative impact and maximise benefits 
Renegotiate/restructure budgets and plans where necessary to optimise organisational performance 
Maintain records of financial performance in organisational systems according to organisational policy and procedures 
Analyse and report financial performance in a form and language suited to audience 
Report non-financial objectives in the context of overall organisational performance 
Review and update strategies and plans to optimise organisational performance 

Forms

Assessment Cover Sheet

MEACOM0030 - Prepare and manage aviation maintenance organisation budgets and financial plans
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

MEACOM0030 - Prepare and manage aviation maintenance organisation budgets and financial plans

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: