Unit of competency Outline

Date retreived
22/07/2026 9:38 PM AWST

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Prepare and appraise power systems financial impact statements

Prepare and appraise power systems financial impact statements

Unit of competency
National Code
UETTDRDS40
State Code
OBI10
TGA Status
Deleted
DTWD Status
Deleted
Current Release Number
1.00
Current Release Date
25/09/2019
View on TGA
State Implementation and Classification
Approved Date
04/12/2019
Field of Education
080399 - Business And Management, N.e.c.
Original Release Date
04/12/2019
Nominal Hours
144
Description
This unit covers the creation, interpretation and application of financial impact statements in electricity network infrastructure augmentations, maintenance and construction activities. It includes project scoping, cost estimating, providing economic justifications and cost-benefit analysis, and the use of guarantee and capital contribution arrangements with customers.The application of the skills and knowledge described in this unit may require a licence/registration to practice in the workplace subject to regulations for undertaking of electrical work. Other conditions may apply under state and territory legislative and regulatory licencing requirements which must be confirmed prior to commencing this unit.
Notes
Elements and Performance Criteria
1 Plan for and coordinate the preparation and appraisal of financial impact statements
  • 1.1 Work health and safety (WHS)/occupational health and safety (OHS) practices/procedures and environmental and sustainable energy procedures, which may influence the preparation and appraisal of financial impact statements, are reviewed and determined
  • 1.2 Purpose of the financial statement is established and expected outcomes of the work are confirmed with appropriate personnel
  • 1.3 Established procedures, policies and specifications for financial impact statement preparation and appraisal are obtained or established with appropriate personnel
  • 1.4 Work is prioritised and sequenced for the most efficient and effective outcome following consultation with others for completion within acceptable timeframes, to a quality standard and in accordance with established procedures
  • 1.5 Risk control measures are identified, prioritised and evaluated against the work schedule
  • 1.6 Liaison and communication issues with others/authorised personnel, authorities, clients and land owners are resolved and activities coordinated to carry out work
  • 1.7 Personnel participating in the work are fully briefed and respective responsibilities coordinated and authorised, where applicable, in accordance with established procedures
2 Carry out and coordinate the preparation and appraisal of financial impact statements
  • 2.1 Circuit system modelling is used to evaluate alternative proposals in accordance with established procedures
  • 2.2 WHS/OHS and sustainable energy principles, functionality and practices to reduce the incidence of accidents and minimise waste are incorporated into the project in accordance with requirements and/or established procedures
  • 2.3 Quality of work is monitored against personal performance agreement and/or established organisational and professional standards
  • 2.4 Technical advice is given to potential hazards, safety risks and control measures so that monitoring and preventative action can be undertaken and/or appropriate authorities consulted, where necessary, in accordance with requirements and established procedures
  • 2.5 Essential knowledge and associated skills are applied to analyse specific data and compare it with compliance specifications to ensure completion of the project within an agreed timeframe according to requirements
3 Complete and coordinate the preparation and appraisal of financial impact statements
  • 3.1 Final inspections of the financial impact statement are undertaken to ensure they comply with all requirements and include all specifications and documentations needed to complete the appraisal brief
  • 3.2 Appropriate personnel are notified of completion and reports and/or completion documents are finalised
  • 3.3 Reports and/or completion documents are submitted to relevant personnel/organisations for approval and, where applicable, statutory or regulatory approval
  • 3.4 Approved copies of financial impact statement documents are issued and records are updated in accordance with established procedures
No information
No information
Replaces
State Code National Code Title Type
WD630 UETTDRDS40A Prepare and appraise power systems financial impact statements Unit of competency