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Elements and Performance Criteria

  1. Determine performance requirements.
  2. Monitor performance.
  3. Provide advice and recommendations.

Required Skills

This section describes the essential skills and knowledge and their level required for this unit

Required skills

analytical skills to interpret property or facility plans assess property or facility performance research property or facility application and usage and benchmark for optimisation

communication skills to clarify ideas and perspectives and negotiate client and tenant requirements

computing skills to access the internet and web pages prepare and complete online forms lodge electronic documents and search online databases

interpersonal skills to relate to people from a range of social cultural and ethnic backgrounds and varying physical and mental abilities

literacy skills to interpret written and oral information complete documentation and report findings

technical skills to use property or facility software and formulate reports

Required knowledge and understanding

a range of research methods and analysis techniques

administration of property or facility usage plans

contract law and property or facility performance

industry practice and benchmarks

lease rights and responsibilities

local property market conditions and overall trends in the industry

organisational and professional procedures ethical practices and business standards

relevant federal and state or territory legislation and local government regulations related to

antidiscrimination

consumer protection

environmental issues

equal employment opportunity EEO

financial probity

franchise and business structures

industrial relations

OHS

privacy

property sales leasing and management

risk management associated with property or facility performance

Evidence Required

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge the range statement and the Assessment Guidelines for this Training Package

Overview of assessment

This unit of competency could be assessed through practical demonstration of monitoring the ongoing performance of a property or facility portfolio Targeted written including alternative formats where necessary or verbal questioning to assess the candidates underpinning knowledge would provide additional supporting evidence of competence The demonstration and questioning would include collecting evidence of the candidates knowledge and application of ethical standards and relevant federal and state or territory legislation and regulations This assessment may be carried out in a simulated or workplace environment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

A person who demonstrates competency in this unit must be able to provide evidence of

conducting research of relevant documentation and legislation and accurately determining client performance expectations through consultation

developing an assessment process and measuring performance of portfolio against set criteria

knowledge of organisations practices ethical standards and legislative requirements associated with monitoring the ongoing performance of a property or facility portfolio

monitoring portfolio performance using data analysis methods and identifying variations in performance expectations

providing advice and recommendations to clients based on a comprehensive evaluation of portfolio performance including feedback using business equipment and technology

Context of and specific resources for assessment

Resource implications for assessment include

a registered provider of assessment services

assessment materials and tools

candidate special requirements

competency standards

cost and time considerations

suitable assessment venue and equipment

workplace documentation

Where applicable physical resources should include equipment modified for people with disabilities

Access must be provided to appropriate learning andor assessment support when required

Assessment processes and techniques must be culturally appropriate and appropriate to the language and literacy capacity of the candidate and the work being performed

Validity and sufficiency of evidence require that

competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace

where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the persons competence

all assessment that is part of a structured learning experience must include a combination of direct indirect and supplementary evidence

where assessment is for the purpose of recognition RCCRPL the evidence provided will need to be current and show that it represents competency demonstrated over a period of time

assessment can be through simulated projectbased activity and must include evidence relating to each of the elements in this unit

In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions and will reflect the requirements of the competency and the work being performed


Range Statement

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

Performance may relate to:

concepts and plans

customer service outcomes

productive use of property and assets

strategies and placement of capital in property for investment.

Relevant people may include:

accountants

analysts

clients

government personnel

legal representatives

management and colleagues

members of industry associations

taxation specialists.

Organisational requirements may be outlined and reflected in:

access and equity principles and practice guidelines

business and performance plans

complaint and dispute resolution procedures

emergency and evacuation procedures

employer and employee rights and responsibilities

goals, objectives, plans, systems and processes

legal and ethical requirements and codes of practice

mission statements and strategic plans

OHS policies, procedures and programs

policies and procedures in relation to client service

policies and procedures relating to own role and responsibility

quality and continuous improvement processes and standards

quality assurance and procedure manuals

records and information systems and processes.

Clients may include:

developers

financial institutions

fund managers

internal and external property groups

investment organisations

joint ventures

owner-occupiers

partners

unit trustees.

Client needs and expectations may relate to:

immediate capital gains

long-term capital gains.

Consultative processes may include:

face-to-face meetings

telephone, facsimile and written communication.

Source documents may include:

business plans

comparative market data

depreciation schedules

financial documents

government statistics

marketing plans

property valuation statements

qualitative and quantitative data

reports and inventories

taxation records.

Legislative requirements may be outlined and reflected in:

Australian standards

general duty of care to clients

home building requirements

privacy requirements

relevant federal, and state or territory legislation that affects organisational operation, including:

anti-discrimination and diversity

environmental issues

EEO

industrial relations

OHS

relevant industry codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law

strata, community and company titles

tenancy agreements

trade practices laws and guidelines.

Specialist advice may be sought from:

architects

bankers and financiers

builders

environmental auditors

government officials

investment consultants

members of industry associations

real estate agents

solicitors

technical experts

valuers.

Performance of portfolio may be influenced by:

capacity to improve assets

capital growth versus short-term gain

cash flows

change to organisational structure

demographics

gearing possibilities

geographic aspects

limits to financial resources

return on investment

return versus risk

taxation considerations

type of property or facility.

Market conditions may relate to:

availability of alternatives

business confidence

economic conditions

level of competition.

Industry benchmarks may include:

discounted cash flow

employment rates

industry association performance index

inflation rate

internal rate of return

life cycle costing

published vacancy factors

tenancy mix.

Recommendations may include:

new finance arrangements

new tenant or lease arrangements

rebuilding

redeveloping

refitting

refurbishment and fit-outs

renovation

repackaging.

Business equipment and technology may include:

computers

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers and scanners

software applications, such as databases and word applications.

Feedback may be obtained from:

clients and colleagues

legal representatives

documentation and reports

quality assurance data

questionnaires

regular meetings.