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Elements and Performance Criteria

  1. Determine asset classification and identification
  2. Record and value assets
  3. Maintain asset management system

Required Skills

REQUIRED KNOWLEDGE AND SKILLS

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

Required knowledge

Relevant sections of national and state or territory regulatory requirements and codes of practice

Relevant OHampS and environmental procedures and regulations

Different types of asset management systems and their strengths and weaknesses

Types of valuation methodologies and their usefulness in different contexts

Requirements for completing relevant documentation such as asset registers

Code of practice for working collaboratively with others

Required skills

Communicate effectively with others when managing assets

Read and interpret instructions procedures information and signs relevant to the management of assets

Interpret and follow operational instructions and prioritise work

Complete documentation related to the management of assets

Work collaboratively with others

Adapt appropriately to cultural differences in the workplace including modes of behaviour and interactions with others

Implement contingency plans for unplanned events

Modify activities depending on differing operational contingencies risk situations and environments

Use financial management skills sufficient to enable accurate recording of asset data

Evidence Required

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

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

The evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying

the underpinning knowledge and skills

relevant legislation and workplace procedures

other relevant aspects of the range statement

Context of and specific resources for assessment

Performance is demonstrated consistently over a period of time and in a suitable range of contexts

Resources for assessment include

a range of relevant exercises case studies andor other simulated practical and knowledge assessment andor

access to an appropriate range of relevant operational situations in the workplace

In both real and simulated environments access is required to

relevant and appropriate materials and equipment and

applicable documentation including workplace procedures regulations codes of practice and operation manuals

Method of assessment

Assessment of this unit must be undertaken by a registered training organisation

As a minimum assessment of knowledge must be conducted through appropriate writtenoral tests

Practical assessment must occur

through activities in an appropriately simulated environment at the registered training organisation andor

in an appropriate range of situations in the workplace


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.

Assets may include:

buildings

business and marketing contracts

assets in the process of being transferred

land

office equipment and furniture

plant and equipment

vehicles

facilities

Asset register may be a computer or manual file and include:

damage/loss/theft

date of purchase

identifying number

insurance policies and claims

invoices and receipts

location

major repairs

obsolescence

value

Depending on the organisation concerned, workplace procedures may be called:

standard operating procedures (SOPs)

company procedures

enterprise procedures

organisational procedures

established procedures

Consultative processes may involve:

other employees and supervisors

suppliers

relevant authorities and institutions

management and union representatives

industrial relations and OH&S specialists

Documentation and records may include:

lists of assets and or asset registers

regulations and codes of practice relevant to ADG code, including safeworking and local authority regulations and procedures

workplace policies and procedures related to ADG code

relevant Australian Standards and certification requirements

Applicable legislation and regulations may include:

relevant regulations, codes and safeworking systems for the use and checking of assets

Australian and international regulations and codes of practice for the transport of dangerous goods and hazardous substances

relevant state/territory OH&S and environmental protection legislation

workplace relations regulations