MEA132A
Manage budgetary resources in the aviation maintenance environment

This unit of competency is part of the Aeroskills Advanced Diploma training pathways. It covers the competencies required to manage budgeting activities in aircraft and aeronautical product maintenance and logistic support activities other than major maintenance budgets associated with integrated logistic support maintenance programs. Competencies related to these programs are partly covered by MEA139A Perform aviation maintenance-related integrated logistic support management activities. Individuals involved in the management of such programs may, as an alternative to MEA132A , consider attainment of PSPMNGT610A Manage public sector financial resources, from the Public Sector Training Package. Those who are also owners and/or business managers of maintenance organisations may, instead of MEA132A , consider attaining BSBMGT503A Prepare budgets and financial plans and BSBMGT504A Manage budgets and financial plans, from the Business Services Training Package.

Application

This unit requires application of procedures for the development and monitoring of a budget.

Applications include aircraft and aeronautical product maintenance organisations, including engineering and logistic support areas.

Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Plan a budget

1.1. Workplace resource needs are identified and documented

1.2. Resource needs are costed

1.3. Budget document is prepared and processed in accordance with organisational requirements

2. Manage the acquisition and allocation of budgetary resources

2.1. Systems for monitoring expenditure are maintained

2.2. Budgets are monitored to ensure expenditure is within targets

2.3. Appropriate technology is applied to the resource management system

2.4. Changing priorities are identified and discussed with applicable personnel

2.5. Budget document is amended in response to changing activities or costs

2.6. Accountability requirements are satisfied

3. Evaluate and report budget outcomes

3.1. Expenditure against planned budget is evaluated

3.2. Impacts on financial changes/constraints on work unit objectives are evaluated and documented

3.3. Report on expenditure/budget is prepared in accordance with organisational policy and procedures

Required Skills

Required skills

Look for evidence that confirms skills in:

financial management

monitoring

evaluation and decision making

mathematical calculation

Required knowledge

Look for evidence that confirms knowledge of:

organisational budgetary processes

tasking over the period of the budget

requirements in Civil Aviation Safety Regulations (CASR) regarding financial status of maintenance organisations

fraud and ethics

Evidence Required

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

A person who demonstrates competency in this unit must be able to prepare and apply budgetary resources in the aviation maintenance management environment.

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

Assessors must be satisfied that the candidate can competently and consistently perform all elements of the unit as specified by the criteria, including required knowledge, and be capable of applying the competency in new and different situations and contexts.

Assessors should gather a range of evidence that is valid, sufficient, current and authentic. Evidence can be gathered through a variety of ways, including direct observation, supervisor's reports, project work, samples and questioning. Questioning techniques should not require language, literacy and numeracy skills beyond those required in this unit of competency.

Context of and specific resources for assessment

This unit may be assessed on the job, off the job or a combination of both on and off the job. Where assessment occurs off the job, that is, the candidate is not in productive work, then an appropriate simulation must be used where the range of conditions reflects realistic workplace situations. The candidate must have access to all materials and documentation required and must be permitted to refer to any relevant workplace procedures, codes, standards, manuals and reference materials. The assessment environment should not disadvantage the candidate.

Method of assessment

Guidance information for assessment

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, if used in the performance criteria, is detailed below. 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) may also be included.

Application of this unit may relate to:

scheduled or unscheduled maintenance

individual or team-related activities

Workplace resource needs

Workplace resource needs may include:

personnel

finance

equipment

facilities

items of aeronautical product

breakdown spares and materials

consumables

Budget

Budget may be:

annual

length of project/activity

quarterly

for another period of time as required

Systems for monitoring expenditure

Systems for monitoring expenditure may include:

paper-based systems

computerised systems

receipts and invoices

quotes

Sectors

Unit sector

Competency Field

Aviation maintenance management

Employability Skills

This unit contains employability skills.

Licensing Information

Not applicable.