Unit of competency Outline

Date retreived
22/07/2026 7:10 AM AWST

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Improve cost factors in work practices

Improve cost factors in work practices

Unit of competency
National Code
MSS403082
State Code
OEQ78
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
16/12/2022
View on TGA
State Implementation and Classification
Approved Date
03/05/2023
Field of Education
080301 - Business Management
Original Release Date
03/05/2023
Nominal Hours
50
Description
This unit describes the skills and knowledge required to identify the cost components of a process, product or service and to make recommendations to improve productivity and reduce cost and variability.This unit applies to team members who are required to understand major cost contributors in their work and to determine the cost impacts of alternative actions. This unit applies to any organisation. No licensing or certification requirements exist at the time of publication. Relevant legislation, industry standards and codes of practice within Australia must be applied.
Notes
Elements and Performance Criteria
1. Analyse cost components of work area or team function
  • 1.1 Identify cost components in product or process
  • 1.2 Identify cost factors under control of area or employees in team
  • 1.3 Identify causes of variability in costs
  • 1.4 Analyse impact of costs on production or process activities undertaken
2. Improve cost-efficiency of processes and procedures
  • 2.1 Identify methods of improving productivity and reducing costs within area or team’s responsibility
  • 2.2 Calculate cost benefit ratio of alternative methods of improving productivity and reducing costs
  • 2.3 Consult with all stakeholders regarding possible changes
  • 2.4 Recommend changes which will increase productivity and reduce cost and variability
  • 2.5 Implement recommended changes in consultation with stakeholders
No information
No information
Replaces
State Code National Code Title Type
OAF31 MSS403086 Improve cost factors in work practices Unit of competency