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?
Analyse strategic opportunities and intended maintenance activities
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Strategic opportunities are expressed in terms of aircraft and aeronautical product maintenance activities Completed |
Evidence:
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All intended maintenance activities are converted into special projects or work programs Completed |
Evidence:
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Financial trends are analysed and interpreted in the context of the organisational strategic objectives Completed |
Evidence:
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Financial planning objectives, process timeframes and resources are clearly identified Completed |
Evidence:
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Develop revenue, expenditure and capital investment proposals
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Individuals and groups are given responsibility for the development of specific budgets and plans Completed |
Evidence:
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Consultation occurs with all relevant groups and individuals throughout the organisation Completed |
Evidence:
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Proposals are developed taking account of past experience, present trends and future expectations Completed |
Evidence:
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Outcomes of proposals are clearly linked to organisational strategic objectives Completed |
Evidence:
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Realistic cost-benefit and Maintenance Organisation Exposition compliance costs are incorporated into all proposals Completed |
Evidence:
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Organisational investment target rates are met for capital expenditure proposals Completed |
Evidence:
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Performance measures and tactics for monitoring and control processesare identified for each proposal/action and a financial risk management plan is developed Completed |
Evidence:
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Proposals comply with the organisation’s values, policies,code of conduct, legal and ethical obligations Completed |
Evidence:
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Proposals are developed within the agreed timeframes Completed |
Evidence:
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Supporting evidenceis valid and sufficient to allow proper evaluation of the proposals Completed |
Evidence:
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Build agreement for budgets and financial plans
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Negotiation is undertaken with relevant groups and individuals in ways that build commitment to the plans Completed |
Evidence:
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Links to the achievement of organisational strategic objectives are identified and agreed Completed |
Evidence:
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Outcomes are confirmed in terms of clear, concise objectives and timeframes Completed |
Evidence:
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Negotiations lead to a clear agreement of those matters to be incorporated into budgets and plans Completed |
Evidence:
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Budgets and plans incorporate the outcomes of negotiations and meet organisation’s approval processes Completed |
Evidence:
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Delegations, accountabilities and responsibilities are agreed and confirmed in writing Completed |
Evidence:
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Final budget and plans are clearly documented and a communication plan developed Completed |
Evidence:
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Communicate budget and financial plans
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Budget/financial plan communication package is reviewed by finance specialists Completed |
Evidence:
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Package is amended/revised where appropriate Completed |
Evidence:
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Training activities are undertaken with users of the budget and plans across the organisation Completed |
Evidence:
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All data and terms are defined and understood by the users of the plans Completed |
Evidence:
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Communication outcomes are tested to ensure clear understanding of objectives, processes and accountabilities Completed |
Evidence:
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Monitor and control activities against plans
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Delegations and budget accountabilities are confirmed in writing prior to budget period Completed |
Evidence:
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Funds are allocated in accordance with budget objectives and parameters Completed |
Evidence:
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Recording systems and documentation meet all audit requirements and legal obligations Completed |
Evidence:
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Risk management plans are implemented and contingency plans put in place for all financial plans Completed |
Evidence:
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Performance is monitored and variances promptly identified Completed |
Evidence:
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Variances are analysed in conjunction with relevant experts to determine cause and effect Completed |
Evidence:
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Remedial action is taken swiftly to minimise negative impact and maximise benefits Completed |
Evidence:
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Budgets and plans are renegotiated/restructured where necessary to optimise organisational performance Completed |
Evidence:
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Report outcomes of financial plans
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Records of financial performance are properly maintained within organisational systems Completed |
Evidence:
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Financial performance is analysed and reported in a form and language appropriate to the audience Completed |
Evidence:
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Non-financial objectives are reported in the context of overall organisational performance Completed |
Evidence:
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Strategies and plans are reviewed and updated to optimise organisational performance Completed |
Evidence:
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