This unit of competency supports the work of those involved in analysing and determining regeneration options for property and assets.

Nil

ELEMENT

PERFORMANCE CRITERIA

1Establish regeneration options.

1.1 Asset regeneration options are reviewed according to client requirements.

1.2 Communication strategies are used to negotiate options for addressing client needs.

1.3 Analysis of client requirements is used to clarify project objectives and methods.

1.4 Relevant information and legislation are analysed to provide strategic context to asset regeneration objectives.

1.5 Applicable industry, organisational and legislative requirements are interpreted and complied with.

2Analyse regeneration options.

2.1 Quantitative and qualitative analysis of regeneration options is undertaken to assess viability and determine preferred option.

2.2 Economic trends and market developments are analysed in terms of potential implications and impact on regeneration objectives.

2.3 Impacts, risks and costs of regeneration options are established and analysed according to project objectives.

2.4 Sound reasoning is applied to ensure consistency of interpretations based on available and reliable information.

2.5 Decision on preferred regeneration option is checked against verifiable evidence.

3Evaluate assessment process.

3.1 Strategies and processes for assessing viability of regeneration options are evaluated using established evaluation methods.

3.2 Reliable evaluation methods are used making efficient use of time and resources.

3.3 Measures and criteria provide sufficient information to make judgements about progress towards strategic regeneration objectives.

3.4 Strategiesto improve assessment processes are documented and implemented.

4Provide advice and recommendations.

4.1 Client is provided with advice and recommendations on preferred regeneration option within agreed timeframes.

4.2 Advice and recommendations are presented in appropriate format, style and structure using business equipment and technology.

4.3 Feedback on suitability and sufficiency of advice and recommendations is obtained from client and action is taken to modify advice as required.

4.4 Comments, analysis and recommendations are made available for the review and reformulation of strategic goals and policies.

4.5 Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.

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

Required skills:

communication skills to negotiate client requirements and consult with industry experts and others

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

organisational skills to plan and schedule time lines and objectives and to source and access information

problem solving skills to anticipate factors that may affect asset regeneration and to assess risk

research skills to source, analyse and interpret asset and market information

technical skills to use software for planning and scheduling tasks, use financial and assessment software and spreadsheets efficiently, and access market information.

Required knowledge and understanding:

financial analysis and modelling

implications for business continuity

industry benchmarks

limitations of work role, responsibility and professional abilities

OHS issues and requirements

organisational and professional procedures, ethical practices and business standards

regeneration methods

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

anti-discrimination

consumer protection

environmental issues

equal employment opportunity (EEO)

financial probity

franchise and business structures

industrial relations

OHS

privacy

property sales, leasing and management

sources of industry and market information

sources of industry data

strategic management principles and practices

strategic planning

supply and demand economics

taxation as it applies to asset regeneration.

Overview of assessment

This unit of competency could be assessed through practical demonstration of analysing and determining regeneration options for property or assets. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's 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:

interpreting and applying applicable legal, ethical and organisational requirements

establishing regeneration options and expectations through an assessment of consultation and sourced market information

knowledge of organisation's practices, ethical standards and legislative requirements associated with analysing and determining regeneration options for property or assets

providing advice and recommendations on a preferred regeneration option using client feedback within agreed timeframes

testing the assessment process against assessment measures and criteria and implementing strategies to improve future processes

using suitable analysis methods and techniques to assess regeneration options and decide on a preferred option.

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 and/or 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 person's 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 (RCC/RPL), 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 project-based 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.

Asset may include:

building

business and marketing contract

equipment

furniture

goodwill

land

vehicle.

Regeneration may relate to:

rebuilding

redecorating

redeveloping

refinancing

refitting

remodelling

renovation

repackaging

re-tenant.

Clients may include:

asset or property agents

asset or property owners

company management

fund managers

fund providers

government and legal instruments or agencies

institutions

internal and external property groups

owner-occupiers

private investors

users.

Communication strategies may relate to:

clear and concise use of technical terminology

direct line supervision paths

face-to-face meetings

lateral supervision paths

organisational communication protocols and procedures

organisational networks

telephone, facsimile and written communication.

Analysis:

may be:

explorative, descriptive, causative or predictive

quantitative and qualitative

may include:

basic statistical analysis

critical analysis

mathematical calculations

problem solving.

Relevant information may include:

agreements

assessment criteria

building codes

certificates of occupancy

contracts

documented recommendations on viability of regeneration options

leases

licences

market research

permits

plans

specifications.

Strategic context may relate to:

competitive

cultural

financial

legal aspects of organisational functions

operational

political

social.

Organisational requirements may be outlined and reflected in:

access and equity principles and practice guidelines

business and performance plans

complaint and dispute resolution procedures

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

quality and continuous improvement processes and standards

quality assurance and procedure manuals.

Legislative requirements may be outlined and reflected in:

Australian standards, and quality assurance and certification requirements

award and enterprise agreements

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

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

strata, community and company titles

tenancy agreements

trade practices laws and guidelines.

Risk factors that may influence regeneration may include:

constraints on use

existing asset use and ownership

government zoning and restrictions

market influences

project financing

staging of investment or development

structure of leases or agreements

type and number of tenants and users.

Evaluation methods could be qualitative or quantitative and may include:

checklists

cost data analysis

expert and peer review

interviews

observation

questionnaires

review of quality assurance data.

Strategiesto improve may be assessed for:

ability to add value

ability to improve client satisfaction

cost-effectiveness

degree of client or management support

ease of implementation

practicality

viability.

Business equipment and technology may include:

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers and scanners

software applications, such as databases and word applications

work computers.

Feedback may be received through:

clients and their legal representatives

management and colleagues.

Unit sector

Property development, sales and management

Property operations and development

The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.