Assessor Resource

AHCMOM601
Analyse machinery options

Assessment tool

Version 1.0
Issue Date: April 2024


This unit of competency describes the skills and knowledge required to analyse machinery options within an agricultural, horticultural or land management enterprise.

All work must be carried out to comply with workplace procedures, work health and safety requirements and manufacturer’s specifications.

This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They analyse information and exercise judgement to complete a range of advanced skilled activities. They work in contexts that are subject to change and adapt a range of fundamental principles accordingly.

No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)



Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Calculate costs associated with machinery use

1.1 Calculate overhead, operating and intangible costs related to machinery

1.2 Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

1.3 Make comparison of productivity and suitability of different types and brands of machinery

2. Review machinery requirements

2.1 Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

2.2 Identify, cost and evaluate alternatives to ownership

2.3 Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

2.4 Assess and control risks associated with high capital investment in machinery in making machinery decisions

3. Analyse returns from major capital investments in machinery

3.1 Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

3.2 Review machinery options plan and analysis and record changes

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

calculate costs associated with machinery

review machinery inventory and requirement

evaluate and cost options

assessing investment risk

budget and incorporate benchmarks

calculate returns from major capital investments in machinery

compare the productivity and suitability of different types and brands of machinery

analyse the financial costs, tax impact and investment risk for different types of machinery

document the analysis and defining the preferred option

review the investment plan and analysis of options

The candidate must demonstrate knowledge of:

benchmarking practices and procedures, including energy efficiency, carbon footprint and water use efficiency

capital budgeting techniques

relevant taxation provisions relating to investment

risks associated with investments

analysis and planning processes

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Calculate costs associated with machinery use

1.1 Calculate overhead, operating and intangible costs related to machinery

1.2 Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

1.3 Make comparison of productivity and suitability of different types and brands of machinery

2. Review machinery requirements

2.1 Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

2.2 Identify, cost and evaluate alternatives to ownership

2.3 Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

2.4 Assess and control risks associated with high capital investment in machinery in making machinery decisions

3. Analyse returns from major capital investments in machinery

3.1 Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

3.2 Review machinery options plan and analysis and record changes

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

calculate costs associated with machinery

review machinery inventory and requirement

evaluate and cost options

assessing investment risk

budget and incorporate benchmarks

calculate returns from major capital investments in machinery

compare the productivity and suitability of different types and brands of machinery

analyse the financial costs, tax impact and investment risk for different types of machinery

document the analysis and defining the preferred option

review the investment plan and analysis of options

The candidate must demonstrate knowledge of:

benchmarking practices and procedures, including energy efficiency, carbon footprint and water use efficiency

capital budgeting techniques

relevant taxation provisions relating to investment

risks associated with investments

analysis and planning processes

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Calculate overhead, operating and intangible costs related to machinery 
Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data 
Make comparison of productivity and suitability of different types and brands of machinery 
Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels 
Identify, cost and evaluate alternatives to ownership 
Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis 
Assess and control risks associated with high capital investment in machinery in making machinery decisions 
Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions 
Review machinery options plan and analysis and record changes 

Forms

Assessment Cover Sheet

AHCMOM601 - Analyse machinery options
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

AHCMOM601 - Analyse machinery options

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: