Unit of competency Outline
Date retreived
23/07/2026 3:33 AM AWST
23/07/2026 3:33 AM 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 plan
Implement asset management plan
Unit of competency
National Code
CPPDSM5022A
CPPDSM5022A
State Code
D1341
D1341
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
17/07/2014
Field of Education
080503 - Real Estate
Original Release Date
17/07/2014
Nominal Hours
40
Description
This unit of competency specifies the outcomes required to plan for the management of assets. It requires the ability to implement effective strategies to manage the operational, resource and maintenance needs of assets and to review and evaluate those strategies. The unit may form part of the licensing requirements for persons working in the property industry, including in the real estate, business broking, stock and station agency and property operations and development sectors, in those States and Territories where these are regulated activities.
Notes
Elements and Performance Criteria
1Establish performance needs of assets.
- 1.1 Asset performance needs are established in consultation with relevant people according to organisational requirements.1.2 Risk assessment is conducted on asset management outcomes according to organisational and legislative requirements.1.3 Industry benchmarks are analysed to determine expected asset performance in varying conditions according to organisational requirements.1.4 Applicable legislation is interpreted in order to establish user, contractual and legislative requirements for asset performance.1.5 Specifications, conditions and manufacturer requirements for asset maintenance and operation are identified for incorporation into plan.
2Prepare asset management plan.
- 2.1 Asset management plan is prepared that facilitates achievement of identified aims and objectives.2.2 Operational and maintenance schedule detailing a range of activities and time lines is incorporated into asset management plan.2.3 Asset management plan is presented to client for review according to organisational requirements.2.4 Quality assurance goals and strategies related to implementation of the plan are communicated using established communication channels.2.5 Monitoring and reporting arrangements for asset management plan are established and documented in line with client requirements.2.6 Financial, physical and human resource requirements are identified and arranged according to asset management plan and organisational requirements.2.7 Roles and responsibilities for establishing and maintaining asset register are identified and documented according to client and legislative requirements.
3Review and evaluate asset management plan.
- 3.1 Maintenance strategies and plans are reviewed and evaluated in consultation with client and relevant people using appropriate communication techniques.3.2 Systematic review processes and established evaluation methods are identified and used to assess planning processes and outcomes.3.3 Evaluation results are prepared in required format, style and structure and presented to relevant people within agreed timeframes.3.4 Recommendations for improvement of plan are presented to relevant people according to organisational procedures.3.5 Business equipment and technology are used to securely maintain documentation according to legislative and organisational procedures.
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. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Assets may be static or dynamic and include:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
property
vehicles.
Relevant people may include:
agents
clients
designated OHS representatives
emergency personnel
engineers and technicians
government personnel
installers
legal representatives
management and colleagues
members of industry associations
property owners
site personnel
subcontractors
technical experts
tenants.
Organisational requirements may be outlined and reflected in:
access and equity principles and practice guidelines
business and performance plans
complaint and dispute resolution procedures
goals, objectives, plans, systems and processes
legal and ethical requirements and codes of practice
mission statements and strategic plans
OHS policies, procedures and programs
policies and procedures in relation to client service
quality and continuous improvement processes and standards
quality assurance and procedure manuals.
Risk may relate to:
industry special risks
loss of profits
machinery malfunction
OHS
public liability
trade practices issues.
Legislative requirements may be outlined and reflected in:
Australian standards, and quality assurance and certification requirements
award and enterprise agreements
codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law
environmental and zoning laws affecting access security, access and property use
general duty of care to clients
home building requirements
local regulations and by-laws
privacy laws applying to owners, contractors and tenants
relevant federal, and state or territory legislation that affects organisational operation, including:
anti-discrimination and diversity
environmental issues
EEO
industrial relations
OHS
strata, community and company titles
tenancy agreements
trade practices laws and guidelines.
Industry benchmarks may include:
discounted cash flow
employment rates
industry association performance index
inflation rate
internal rate of return
life cycle costing
published vacancy factors
tenancy mix.
Asset performance criteria may include:
age
condition assessment
cost
depreciation
down time
emergency operation and backup
functionality
life span
maintenance requirements and cost
replacement
security
service levels.
Schedules may be:
charts
computerised
paper-based
prepared for daily, weekly, monthly or annual timeframes
to-do lists
wall-mounted planning boards
work diary.
Clients may include:
building supervisors
company management
fund managers
fund providers
government and legal instruments or agencies
institutions
insurers
internal and external property groups
legal advisers
private investors
property agents
property owners
risk assessors.
Communication channels may include:
direct line supervision paths
lateral supervision paths
organisational communication protocols and procedures
organisational networks.
Asset register may include:
air conditioning
cleaning
heating
security systems
telecommunications systems
utilities
ventilation
vertical services
waste management.
Maintenance strategies may relate to:
cleaning
electrical
emergency lighting
evacuation
fire lighting
garden
housekeeping
painting
pests
plumbing
sanitary disposal
security
vertical movement
waste disposal
weather proofing.
Communication techniques may include:
active listening
clear presentation of options
consultation methods
culturally inclusive and sensitive engagement techniques
questioning to clarify and confirm understanding
seeking feedback
two-way interaction
using language and concepts appropriate to cultural differences
verbal or non-verbal language.
Evaluation methods could be qualitative or quantitative and may include:
checklists
cost data analysis
expert and peer review
interviews
observation
questionnaires
review of quality assurance data.
Business equipment and technology may include:
data storage devices
email
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, such as databases and word applications
work computers.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Assets may be static or dynamic and include:
buildings
business and marketing contracts
equipment
furniture
goodwill
land
property
vehicles.
Relevant people may include:
agents
clients
designated OHS representatives
emergency personnel
engineers and technicians
government personnel
installers
legal representatives
management and colleagues
members of industry associations
property owners
site personnel
subcontractors
technical experts
tenants.
Organisational requirements may be outlined and reflected in:
access and equity principles and practice guidelines
business and performance plans
complaint and dispute resolution procedures
goals, objectives, plans, systems and processes
legal and ethical requirements and codes of practice
mission statements and strategic plans
OHS policies, procedures and programs
policies and procedures in relation to client service
quality and continuous improvement processes and standards
quality assurance and procedure manuals.
Risk may relate to:
industry special risks
loss of profits
machinery malfunction
OHS
public liability
trade practices issues.
Legislative requirements may be outlined and reflected in:
Australian standards, and quality assurance and certification requirements
award and enterprise agreements
codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law
environmental and zoning laws affecting access security, access and property use
general duty of care to clients
home building requirements
local regulations and by-laws
privacy laws applying to owners, contractors and tenants
relevant federal, and state or territory legislation that affects organisational operation, including:
anti-discrimination and diversity
environmental issues
EEO
industrial relations
OHS
strata, community and company titles
tenancy agreements
trade practices laws and guidelines.
Industry benchmarks may include:
discounted cash flow
employment rates
industry association performance index
inflation rate
internal rate of return
life cycle costing
published vacancy factors
tenancy mix.
Asset performance criteria may include:
age
condition assessment
cost
depreciation
down time
emergency operation and backup
functionality
life span
maintenance requirements and cost
replacement
security
service levels.
Schedules may be:
charts
computerised
paper-based
prepared for daily, weekly, monthly or annual timeframes
to-do lists
wall-mounted planning boards
work diary.
Clients may include:
building supervisors
company management
fund managers
fund providers
government and legal instruments or agencies
institutions
insurers
internal and external property groups
legal advisers
private investors
property agents
property owners
risk assessors.
Communication channels may include:
direct line supervision paths
lateral supervision paths
organisational communication protocols and procedures
organisational networks.
Asset register may include:
air conditioning
cleaning
heating
security systems
telecommunications systems
utilities
ventilation
vertical services
waste management.
Maintenance strategies may relate to:
cleaning
electrical
emergency lighting
evacuation
fire lighting
garden
housekeeping
painting
pests
plumbing
sanitary disposal
security
vertical movement
waste disposal
weather proofing.
Communication techniques may include:
active listening
clear presentation of options
consultation methods
culturally inclusive and sensitive engagement techniques
questioning to clarify and confirm understanding
seeking feedback
two-way interaction
using language and concepts appropriate to cultural differences
verbal or non-verbal language.
Evaluation methods could be qualitative or quantitative and may include:
checklists
cost data analysis
expert and peer review
interviews
observation
questionnaires
review of quality assurance data.
Business equipment and technology may include:
data storage devices
facsimile machines
internet, extranet and intranet
photocopiers
printers
scanners
software applications, such as databases and word applications
work computers.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment
This unit of competency could be assessed through practical demonstration of planning for the management of assets. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
A person who demonstrates competency in this unit must be able to provide evidence of:
determining asset performance needs using industry benchmarks and consideration of risk
documenting resource and support arrangements, incorporating expected costs, and processes for development and maintenance of an asset register and operational and maintenance schedules
evaluating the asset management plan through consultation with interested parties
knowledge of organisation's practices, ethical standards and legislative requirements associated with planning for the management of assets
preparing a detailed asset management plan which incorporates strategies for risk management, resource needs, monitoring and reporting arrangements and quality assurance.
Context of and specific resources for assessment
Resource implications for assessment include:
a registered provider of assessment services
assessment materials and tools
candidate special requirements
competency standards
cost and time considerations
suitable assessment venue and equipment.
Where applicable, physical resources should include equipment modified for people with disabilities.
Access must be provided to appropriate learning and/or assessment support when required.
Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.
Validity and sufficiency of evidence require that:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence
all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment
This unit of competency could be assessed through practical demonstration of planning for the management of assets. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit
A person who demonstrates competency in this unit must be able to provide evidence of:
determining asset performance needs using industry benchmarks and consideration of risk
documenting resource and support arrangements, incorporating expected costs, and processes for development and maintenance of an asset register and operational and maintenance schedules
evaluating the asset management plan through consultation with interested parties
knowledge of organisation's practices, ethical standards and legislative requirements associated with planning for the management of assets
preparing a detailed asset management plan which incorporates strategies for risk management, resource needs, monitoring and reporting arrangements and quality assurance.
Context of and specific resources for assessment
Resource implications for assessment include:
a registered provider of assessment services
assessment materials and tools
candidate special requirements
competency standards
cost and time considerations
suitable assessment venue and equipment.
Where applicable, physical resources should include equipment modified for people with disabilities.
Access must be provided to appropriate learning and/or assessment support when required.
Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.
Validity and sufficiency of evidence require that:
competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace
where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence
all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time
assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.
In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| ODO50 | CPPDSM5022 | Develop and implement asset management plans | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| BGE4 | CPC50220 | Diploma of Building and Construction (Building) | Qualification |
| W741 | CPC50210 | Diploma of Building and Construction (Building) | Qualification |
| BGD9 | CPC50320 | Diploma of Building and Construction (Management) | Qualification |
| W616 | CPC50308 | Diploma of Building and Construction (Management) | Qualification |
| J047 | CHC60312 | Advanced Diploma of Community Sector Management | Qualification |
| AWM0 | CHC52015 | Diploma of Community Services | Qualification |
| J451 | SIT50212 | Diploma of Events | Qualification |
| J455 | SIT60212 | Advanced Diploma of Events | Qualification |
| W978 | CPP50511 | Diploma of Property Services (Asset and Facility Management) | Qualification |
| J038 | CHC50812 | Diploma of Social Housing | Qualification |