The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Conduct market research
|
|
Estimates of supply and demand are collated and evaluated. Completed |
Evidence:
|
Past trends are analysed and possible future scenarios assessed. Completed |
Evidence:
|
Own products are related to market indicators. Completed |
Evidence:
|
Determine price required
|
|
Cost of production is calculated and break-even price is determined. Completed |
Evidence:
|
Margins for profit and risk are determined. Completed |
Evidence:
|
Forward price objectives are set to meet cost of production plus profit required. Completed |
Evidence:
|
Personal attitude to risk is evaluated. Completed |
Evidence:
|
Develop sales plan
|
|
Cash markets are evaluated and projected price trends assessed. Completed |
Evidence:
|
Forward contract information is obtained and assessed. Completed |
Evidence:
|
Futures prices are obtained and assessed. Completed |
Evidence:
|
Options are evaluated against price objectives and the assessment of price movement risk. Completed |
Evidence:
|
Taxation and cash flow implications are assessed. Completed |
Evidence:
|
Appropriate mix of sale options is developed in a trading strategy. Completed |
Evidence:
|
Contingency plans are developed to address possible shifts in price trend. Completed |
Evidence:
|
Implement trading strategy
|
|
Appropriate expertise is sought as required. Completed |
Evidence:
|
Market information is monitored and trading strategy adjusted according to contingency plans. Completed |
Evidence:
|