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Elements and Performance Criteria

  1. Analyse strategic opportunities and intended maintenance activities
  2. Develop revenue, expenditure and capital investment proposals
  3. Build agreement for budgets and financial plans
  4. Communicate budget and financial plans
  5. Monitor and control activities against plans
  6. Report outcomes of financial plans

Range Statement

This field allows for different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Legislation, codes and national standards relevant to the workplace include:

Civil Aviation Safety Regulations (CASRs) and associated Manuals of Standards

AAP 7001.053 Technical Airworthiness Management Manual

Award and enterprise agreements and relevant industrial instruments

Relevant legislation from all levels of government that affects business operation, especially in regard to work health and safety (WHS), environmental and sustainability issues, equal employment opportunity (EEO) and anti-discrimination

Strategic opportunities include:

Aircraft operators and fleet operators seeking to outsource maintenance

Aeronautical product maintenance needs

Changing regulatory requirements for maintenance

New aircraft types

Provision of logistic support services

Opportunity to respond to requests for tender to provide aircraft and/or aeronautical product maintenance

Opportunity to accept sub-contract maintenance tasks from other maintenance organisations

Budgets and plans include:

Aircraft maintenance budgets

Aeronautical product maintenance budgets

Financial budgets

Logistic services sales budgets

Regulatory compliance budgets

Capital expenditure budgets

Cash flow plans

Relevant groups and individuals include:

All personnel within the organisation affected by the budgets and financial plans being developed

Investment target rates include:

The minimum percentage rate of return required by the organisation for a capital investment project to proceed

Capital expenditure includes:

Those components of the budget which, for internal policy reasons, are considered to provide benefits over more than one financial period and are to be evaluated as capital expenditure projects

Legal and ethical obligations include:

Compliance with all relevant statutes, regulations and audit requirements of the organisation, along with the organisation’s policies, values and codes of conduct

Supporting evidence includes:

Cost-benefit analyses

Risk management plans

Market research results

Tender details

Net present value

Interest rate of return

Pay pack calculations

Delegations

Delegations refer to the decision-making accountabilities relating to the person’s position description and/or other written and verbal delegations

Accountabilities and responsibilities include:

Clarification of who is to be accountable for a decision or action prior to its execution, and identification of groups, individuals and activities for which a person is responsible for managing

Training activities include:

Small group discussions

Informal meetings

Formal, structured competency-based training

Television and video conferencing

E-learning

Delegations and budget accountabilities include:

Monitoring expenditure

Authorising expenditure within limits

Reporting on variances to budget/plan

Taking remedial action within budget authority

Audit requirements include:

The internal standards required in the management of budgets and financial plans, approved by external/internal auditors

Risk management includes:

The process of identification of potential negative events and the development of plans to mitigate or minimise the likelihood of the negative event occurring and/or the consequences in the event it does occur

Appropriate non-financial objectives include:

Environmental

Sustainability

Compliance with Maintenance Organisation Exposition (CASA regulatory system)

Compliance with Maintenance Management Plan (ADF regulatory system)

Compliance with requirements of the applicable airworthiness regulator

WHS

Quality and safety management

Market share

Customer service

Security or any other key result area


Performance Evidence

Evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria under the specified conditions of assessment on at least one occasion, and must include:

analysis and interpretation of relevant financial information

development of formal estimates of reviews, costs, cash flows and logistic requirements

communication/consultation to ensure all relevant groups and individuals are advised of what is occurring and are provided with an opportunity for input

cost and benefit analysis to produce balanced arguments to support financial proposals

risk management to assess probability and consequences of any potential negative event

investment analysis to evaluate capital expenditure proposals net present value (NPV), incentive rate of return (IROR), etc)

negotiating agreement on budgets and financial plans with the relevant managers

relating to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities

arranging and delivering training to ensure team members and other managers understand the budget/financial planning objectives and processes

analysing and interpreting positive and negative variances from budget/plan, determining the reasons therefore, and identifying potential actions to remediate the situation

developing and implementing systems to ensure financial performance records are collected, maintained and properly reported.


Knowledge Evidence

Evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

relevant legislation from all levels of government that affects business operation, especially in regard to WHS and environmental issues, equal employment opportunity (EEO), industrial relations and anti-discrimination

requirements in Civil Aviation Safety Regulations (CASRs) and AAP 7001.053 Technical Airworthiness Management Manual regarding financial status of maintenance organisations

aircraft and aeronautical product maintenance and maintenance management/certification requirements

financial planning within the organisation

budgeting

organisation’s intended aircraft and aeronautical product maintenance activities

consultative methods and processes

capital investment evaluation techniques

performance measurement

organisation roles in respect to financial delegations, accountabilities and responsibilities

standards for organisational record keeping and audit requirements.