Elements and Performance Criteria

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 include:
static or dynamic assets
buildings
equipment
furniture
goodwill
land
property
vehicles.
Asset management objectives may relate to:
environmental considerations
industry benchmarks
maintenance and repair
maintenance of asset register
performance measures.
Research and survey techniques may include:
analysing asset reporting systems
discussions with colleagues and clients
group workshops and brainstorming
interviews and questionnaires

reviewing documentation, reports and risk management plans
organisational or industry-based surveys.
Information may include:
asset registers
depreciation schedules
details of maintenance schedules
inventory turnover analysis
output from dedicated fixed asset software
residual life of assets
total purchase and disposals for a period.
Roles and responsibilities may be influenced by:
applicable codes of conduct
job description and employment arrangements
organisational policy relevant to work role
skills, training and competencies
supervision and accountability requirements, including OHS
team structures.
Asset management activities may include:
accounting, including cost accounting
asset creation and acquisition
asset maintenance
asset strategies
audit and management reviews
condition and performance monitoring
disposals
information and support systems
operations
renewals.
Budgets may include:
assets and liabilities
budget delegations
cash flow budgets
projected expenditure by item
projected income by source

reporting mechanisms
security measures
variation and review procedures.
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.
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 requirements.
Factorsthat may impact on asset management objectives could relate to:
actual or estimated residual life
commercial or technical obsolescence
effect of planned maintenance
effective life
location in life cycle
prediction of deterioration or failure
previous inspection date and process
when constructed, rehabilitated or replaced.
Comparative market data may include:
best practice information
national and international benchmarking
inter-organisation comparison data.
Analysis may include:
computer modelling
examination of cash flows and other financial projections
examination of collected data
explorative, descriptive, causative or predictive analysis
quantitative and qualitative analysis
probability analysis
time series recognition.
Performance criteria may relate to:
age
condition assessment
cost
depreciation
downtime
emergency operation and backup
functionality

life span
maintenance requirements and cost
replacement
security
service levels.
Resources may include:
materials
personnel
tools and equipment
training
transport.
Quality assurance goals and strategies may include:
a formal structure against which progress can be evaluated
budgets and timetables that enable the commitment of resources at appropriate points in the project
compliance with Australian standards
contingency plans to cater for a change of corporate focus or significant project difficulties
continuous improvement strategies
mechanisms for involving a wide variety of interested parties or stakeholders in the project
procedures for monitoring and evaluating project outcomes and client satisfaction
reducing risk by anticipating, evaluating and developing strategies for the management of possible problems
reporting procedures and protocols.
Relevant people may include:
clients
engineers and technicians
government personnel
installers
legal representatives
management and colleagues
property owners
site personnel

subcontractors
technical experts
tenants.
Relevant documentation may include:
certification, including inspection certificates
costings, receipts and invoices
logs of equipment and system problems or faults
operational checks and maintenance conducted
parts and components replaced and materials used
planning permits
property leases, plans or contracts
recommendations for repairs
service and maintenance records
testing and commissioning results
warranty conditions and allowances.
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.
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.

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 developing a life cycle asset management plan. 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:
conducting a risk analysis and evaluating potential factors that may impact on asset management objectives
establishing asset management objectives through research and consultation
knowledge of organisation's practices, ethical standards and legislative requirements associated with developing a life cycle asset management plan
organising processes to formulate, review and evaluate an asset management strategy
preparing a detailed budget outlining resource requirements to support asset management activities.
Context of and specific resources for assessment
Resource implications for assessment include:
a registered provider of assessment services
competency standards
assessment materials and tools
suitable assessment venue and equipment
workplace documentation
candidate special requirements
cost and time considerations.
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.