Unit of competency Outline

Date retreived
22/07/2026 5:06 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Implement asset management systems

Implement asset management systems

Unit of competency
National Code
TLIL4059A
State Code
D5232
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
07/03/2011
View on TGA
State Implementation and Classification
Approved Date
05/11/2014
Field of Education
080101 - Accounting
Original Release Date
05/11/2014
Nominal Hours
40
Description
This unit involves the skills and knowledge required to implement asset management systems. It includes determining management control processes; implementing existing practices, procedures and systems; and reviewing service levels. Licensing, legislative, regulatory or certification requirements are applicable to this unit.
Notes
Elements and Performance Criteria
1Determine management control process
  • 1.1 Roles and responsibilities of business units or departments are clarified to ensure effective management of assets in line with organisation policy and procedures
  • 1.2 Specific reporting and monitoring standards required by enterprise requirements are understood and complied with
  • 1.3 Information systems that provide the information necessary for effective and efficient asset management for all levels within the organisation are maintained
  • 1.4 Regular audits are arranged, where appropriate to the organisation, to establish a continuous improvement cycle
2Implement existing practices, procedures and systems
  • 2.1 Assessments of current status of asset management activities within business units or departments are conducted regularly in accordance with asset management plan
  • 2.2 Milestones and targets are adhered to by the groups responsible
  • 2.3 Areas of difficulty are identified and strategies are followed to overcome these difficulties
3Review service levels
  • 3.1 Current levels of service provided by asset stock are critically examined
  • 3.2 Areas of possible improvement in the effectiveness and efficiencies of owning and operating assets are identified in consultation with relevant personnel
  • 3.3 Appropriate benchmarking is undertaken to enable continuous improvement in asset management strategies and practices
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.
Asset management activities may include:
introduction of information systems
data capture program
studies
Areas of possible improvement may include:
spot checks
number of assets
complexity of assets, including their sophistication and issues involved
age of the asset base
quality of the assets constructed
levels of service provided or demanded
Regular audits may include:
internal
external
Assets may include:
equipment
buildings
employees
enterprise relationships
Depending on the organisation concerned, workplace procedures may be called:
standard operating procedures (SOPs)
company procedures
enterprise procedures
organisational procedures
established procedures
Communication in the work area may include:
phone
electronic data interchange (EDI)
fax
email
internet
RF systems
oral, aural or signed communications
Consultative processes may involve:
other employees and supervisors
relevant authorities and institutions
management and union representatives
industrial relations and OH&S specialists
Documentation and records may include:
reports of assets held and their status
relevant OH&S and environmental protection regulations
quality assurance procedures
emergency procedures
technical instructions
relevant Australian Standards and certification requirements
Applicable legislation and regulations may include:
relevant national, state/territory legislation, including OH&S and environmental protection requirements
workplace relations regulations
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
Replaced By
State Code National Code Title Type
AVI57 TLIL4059 Implement asset management systems Unit of competency