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Evidence Guide: TLIP5036A - Manage assets

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

 

TLIP5036A - Manage assets

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

Determine asset classification and identification

  1. Determine asset register format on basis of current needs and business plan in accordance with company requirements
  2. Select a compatible classification system that meets asset accounting and asset management needs in accordance with company requirements
  3. Determine value thresholds for assets to be recorded in the asset register in accordance with company requirements
Determine asset register format on basis of current needs and business plan in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select a compatible classification system that meets asset accounting and asset management needs in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine value thresholds for assets to be recorded in the asset register in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and value assets

  1. Identify and record specified details of all material assets in accordance with the asset management policies and procedures
  2. Record all assets in compliance with legislative and company requirements
  3. Determine condition of each asset in accordance with manufacturers specifications and legislative and company requirements
  4. Determine useful/residual life of each asset in accordance with manufacturers specifications and company requirements
  5. Calculate current value of each asset based on valid and reliable information in accordance with legislative and company requirements
Identify and record specified details of all material assets in accordance with the asset management policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record all assets in compliance with legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine condition of each asset in accordance with manufacturers specifications and legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine useful/residual life of each asset in accordance with manufacturers specifications and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate current value of each asset based on valid and reliable information in accordance with legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain asset management system

  1. Update records continuously to record asset purchases, loss, damage or disposal in accordance with company requirements
  2. Conduct periodic audits to ensure accuracy of asset register in accordance with company requirements
  3. Review asset management system periodically to ensure it is supporting business needs in accordance with company requirements
  4. Provide training to support effective management and maintenance of the asset register in accordance with company requirements
Update records continuously to record asset purchases, loss, damage or disposal in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct periodic audits to ensure accuracy of asset register in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review asset management system periodically to ensure it is supporting business needs in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide training to support effective management and maintenance of the asset register in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required knowledge and skills, the range statement and the assessment guidelines for this Training Package.

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

The evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria of this unit and include demonstration of applying:

the underpinning knowledge and skills

relevant legislation and workplace procedures

other relevant aspects of the range statement

Context of and specific resources for assessment

Performance is demonstrated consistently over a period of time and in a suitable range of contexts

Resources for assessment include:

a range of relevant exercises, case studies and/or other simulated practical and knowledge assessment, and/or

access to an appropriate range of relevant operational situations in the workplace

In both real and simulated environments, access is required to:

relevant and appropriate materials and equipment, and

applicable documentation including workplace procedures, regulations, codes of practice and operation manuals

Method of assessment

Assessment of this unit must be undertaken by a registered training organisation

As a minimum, assessment of knowledge must be conducted through appropriate written/oral tests

Practical assessment must occur:

through activities in an appropriately simulated environment at the registered training organisation, and/or

in an appropriate range of situations in the workplace

Required Skills and Knowledge

REQUIRED KNOWLEDGE AND SKILLS

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

Required knowledge:

Relevant sections of national and state or territory regulatory requirements and codes of practice

Relevant OH&S and environmental procedures and regulations

Different types of asset management systems and their strengths and weaknesses

Types of valuation methodologies and their usefulness in different contexts

Requirements for completing relevant documentation such as asset registers

Code of practice for working collaboratively with others

Required skills:

Communicate effectively with others when managing assets

Read and interpret instructions, procedures, information and signs relevant to the management of assets

Interpret and follow operational instructions and prioritise work

Complete documentation related to the management of assets

Work collaboratively with others

Adapt appropriately to cultural differences in the workplace, including modes of behaviour and interactions with others

Implement contingency plans for unplanned events

Modify activities depending on differing operational contingencies, risk situations and environments

Use financial management skills sufficient to enable accurate recording of asset data

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.

Assets may include:

buildings

business and marketing contracts

assets in the process of being transferred

land

office equipment and furniture

plant and equipment

vehicles

facilities

Asset register may be a computer or manual file and include:

damage/loss/theft

date of purchase

identifying number

insurance policies and claims

invoices and receipts

location

major repairs

obsolescence

value

Depending on the organisation concerned, workplace procedures may be called:

standard operating procedures (SOPs)

company procedures

enterprise procedures

organisational procedures

established procedures

Consultative processes may involve:

other employees and supervisors

suppliers

relevant authorities and institutions

management and union representatives

industrial relations and OH&S specialists

Documentation and records may include:

lists of assets and or asset registers

regulations and codes of practice relevant to ADG code, including safeworking and local authority regulations and procedures

workplace policies and procedures related to ADG code

relevant Australian Standards and certification requirements

Applicable legislation and regulations may include:

relevant regulations, codes and safeworking systems for the use and checking of assets

Australian and international regulations and codes of practice for the transport of dangerous goods and hazardous substances

relevant state/territory OH&S and environmental protection legislation

workplace relations regulations