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Evidence Guide: MSS402030 - Apply cost factors to work practices

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

MSS402030 - Apply cost factors to work practices

What evidence can you provide to prove your understanding of each of the following citeria?

Identify the major cost components of product or process in own work area

  1. Identify cost components in the product or process in own work area.
  2. Recognise the impact of current or alternative actions on costs.
Identify cost components in the product or process in own work area.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Recognise the impact of current or alternative actions on costs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify constraints to cost-efficiency

  1. Identify required production/process rate and major costs.
  2. Identify costs factors under individual or team control.
  3. Relate identified costs factors to impact on overall cost of production/process.
  4. Identify cost factors that are a constraint to cost-efficiency in own work area.
Identify required production/process rate and major costs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify costs factors under individual or team control.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Relate identified costs factors to impact on overall cost of production/process.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify cost factors that are a constraint to cost-efficiency in own work area.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply cost-efficient work practices

  1. Identify and explain to relevant people the implications of possible actions/changes to improve cost-efficiency in simple financial terms.
  2. Identify non-financial implications of proposed changes in discussion with relevant people.
  3. Select actions which minimise overall costs.
  4. Monitor actions to ensure cost-efficiency in own work area is maintained.
Identify and explain to relevant people the implications of possible actions/changes to improve cost-efficiency in simple financial terms.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify non-financial implications of proposed changes in discussion with relevant people.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select actions which minimise overall costs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor actions to ensure cost-efficiency in own work area is maintained.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Identify the major cost components of product or process in own work area

1.1

Identify cost components in the product or process in own work area.

1.2

Recognise the impact of current or alternative actions on costs.

2

Identify constraints to cost-efficiency

2.1

Identify required production/process rate and major costs.

2.2

Identify costs factors under individual or team control.

2.3

Relate identified costs factors to impact on overall cost of production/process.

2.4

Identify cost factors that are a constraint to cost-efficiency in own work area.

3

Apply cost-efficient work practices

3.1

Identify and explain to relevant people the implications of possible actions/changes to improve cost-efficiency in simple financial terms.

3.2

Identify non-financial implications of proposed changes in discussion with relevant people.

3.3

Select actions which minimise overall costs.

3.4

Monitor actions to ensure cost-efficiency in own work area is maintained.

Required Skills and Knowledge

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Identify the major cost components of product or process in own work area

1.1

Identify cost components in the product or process in own work area.

1.2

Recognise the impact of current or alternative actions on costs.

2

Identify constraints to cost-efficiency

2.1

Identify required production/process rate and major costs.

2.2

Identify costs factors under individual or team control.

2.3

Relate identified costs factors to impact on overall cost of production/process.

2.4

Identify cost factors that are a constraint to cost-efficiency in own work area.

3

Apply cost-efficient work practices

3.1

Identify and explain to relevant people the implications of possible actions/changes to improve cost-efficiency in simple financial terms.

3.2

Identify non-financial implications of proposed changes in discussion with relevant people.

3.3

Select actions which minimise overall costs.

3.4

Monitor actions to ensure cost-efficiency in own work area is maintained.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy the requirements of the elements and performance criteria and include the ability, on one (1) or more occasions to use cost factors in making a decision related to their workplace, and to:

identify major cost components

distinguish components which they can control from those they can’t

make decisions which minimise overall cost and explain these to stakeholders.

Must provide evidence that demonstrates knowledge relevant to their job role sufficient to fulfil their job role under routine only supervision, including:

concepts of expense, income and capital

fixed and variable cost components relevant to own work:

power/energy

materials, plant and equipment

production or process time, including impact of salary and wages

office expenses

government taxes and charges

relative impact of each of these

financial and non-financial impacts of cost reductions

the difference between internally and externally controlled costs

difference between overhead, labour and consumables.

Range Statement

This field allows for different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Competitive systems and practices include one or more of:

lean operations

agile operations

preventative and predictive maintenance approaches

statistical process control systems, including six sigma and three sigma

Just in Time (JIT), kanban and other pull-related operations control systems

supply, value, and demand chain monitoring and analysis

5S

continuous improvement (kaizen)

breakthrough improvement (kaizen blitz)

cause/effect diagrams

overall equipment effectiveness (OEE)

takt time

process mapping

problem solving

run charts

standard procedures

current reality tree.

Cost components include all of:

fixed and variable costs, such as power/energy, materials, plant and equipment, production or process time, including impact of salary and wages

office expenses, such as telephone and internet

government taxes and charges.

Process includes one or more of:

production

maintenance

logistics

office

other support processes in an organisation.

Overall cost includes all of:

the assessment of negative and positive financial implications

negative long-term issues, such as work health and safety (WHS), environmental and regulatory issues.