Unit of competency Outline

Date retreived
22/07/2026 12:12 PM AWST

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Cost a project

Cost a project

Unit of competency
National Code
AHCBUS402
State Code
BAS37
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080315 - Project Management
Original Release Date
12/01/2017
Nominal Hours
30
Description
This unit of competency describes the skills and knowledge required to cost a project.All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices and in consultation with the management team.This unit applies to individuals who take responsibility for their own work and provide and communicate solutions to a range of predictable and sometimes unpredictable problems.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Determine resources required for the project
  • 1.1 Identify and interpret project objectives, required work activities and available finance in line with enterprise guidelines and legislative requirements where required
  • 1.2 Identify resources required for project works
  • 1.3 Identify factors affecting resource costs using available information
  • 1.4 Select and use appropriate tools, equipment and technology for the calculation and documentation of project costs
2. Calculate individual itemised costs of the project
  • 2.1 Calculate unit and total cost for each resource item
  • 2.2 Evaluate total itemised resource costs against the financial schedule for the project
  • 2.3 Make adjustments where required to reconcile resource costs with project schedules
  • 2.4 Identify and determine costs for peripheral works arising from the project
3. Prepare a summary of the cost of the project
  • 3.1 Collate and schedule resource costs
  • 3.2 Calculate and record total project costs
  • 3.3 Submit financial summary for approval
No information
No information
Replaces
State Code National Code Title Type
D6735 AHCBUS402A Cost a project Unit of competency
Replaced By
State Code National Code Title Type
OBK34 AHCBUS407 Cost a project Unit of competency