Assessor Resource

CUAFIM501
Source funding for projects

Assessment tool

Version 1.0
Issue Date: March 2024


This unit describes the skills and knowledge required to raise money for a creative or artistic project.

It applies to individuals who determine the amount of funding required, locate likely funding sources, develop funding proposals and identify opportunities for future funding.

No licensing, legislative or certification requirements 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. Investigate funding opportunities for project

1.1 Determine the scope and funding needs of project

1.2 Calculate optimum funding arrangements

1.3 Research potential funding sources and the activities they support, eligibility and selection processes

2. Develop a funding proposal

2.1 Summarise the proposed project, the purpose of funding and the amount sought

2.2 Determine project timelines and budget breakdown

2.3 Prepare funding documentation

2.4 Collate additional materials and testimonials to support request for funding

2.4 Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary

2.5 Prepare return on investment information for potential investors

3. Pitch project and funding request

3.1 Plan and document presentation approach and intended outcomes

3.2 Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience

3.3 Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation

3.4 Present proposal using persuasive communication techniques to secure audience interest

3.5 Respond to audience questions on central ideas and concepts

3.6 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

4. Examine terms and conditions of potential funding

4.1 Review funding agreement and clarify terms and conditions of funding

4.2 Ascertain reporting requirements

4.3 Establish processes to monitor compliance and report project progress

Evidence of the ability to:

research funding sources

develop viable funding proposals

prepare and deliver project pitch using effective presentation strategies and communication techniques

interpret funding agreements.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

explain the range of potential funding sources and the channels through which they are publicised

describe project proposal information required to support request for funding

explain key features of a project pitch

outline issues and challenges that typically arise in the context of securing funding for projects and how they might be overcome.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in creative arts industry environments. The assessment environment must include access to:

appropriate sources of information to prepare and support funding proposals

interaction with others to present funding proposal.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational educational and training legislation, frameworks and/or standards.


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. Investigate funding opportunities for project

1.1 Determine the scope and funding needs of project

1.2 Calculate optimum funding arrangements

1.3 Research potential funding sources and the activities they support, eligibility and selection processes

2. Develop a funding proposal

2.1 Summarise the proposed project, the purpose of funding and the amount sought

2.2 Determine project timelines and budget breakdown

2.3 Prepare funding documentation

2.4 Collate additional materials and testimonials to support request for funding

2.4 Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary

2.5 Prepare return on investment information for potential investors

3. Pitch project and funding request

3.1 Plan and document presentation approach and intended outcomes

3.2 Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience

3.3 Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation

3.4 Present proposal using persuasive communication techniques to secure audience interest

3.5 Respond to audience questions on central ideas and concepts

3.6 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

4. Examine terms and conditions of potential funding

4.1 Review funding agreement and clarify terms and conditions of funding

4.2 Ascertain reporting requirements

4.3 Establish processes to monitor compliance and report project progress

Evidence of the ability to:

research funding sources

develop viable funding proposals

prepare and deliver project pitch using effective presentation strategies and communication techniques

interpret funding agreements.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

explain the range of potential funding sources and the channels through which they are publicised

describe project proposal information required to support request for funding

explain key features of a project pitch

outline issues and challenges that typically arise in the context of securing funding for projects and how they might be overcome.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in creative arts industry environments. The assessment environment must include access to:

appropriate sources of information to prepare and support funding proposals

interaction with others to present funding proposal.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational educational and training legislation, frameworks and/or standards.

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
Determine the scope and funding needs of project 
Calculate optimum funding arrangements 
Research potential funding sources and the activities they support, eligibility and selection processes 
Summarise the proposed project, the purpose of funding and the amount sought 
Determine project timelines and budget breakdown 
Prepare funding documentation 
Collate additional materials and testimonials to support request for funding 
Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary 
Prepare return on investment information for potential investors 
Plan and document presentation approach and intended outcomes 
Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience 
Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation 
Present proposal using persuasive communication techniques to secure audience interest 
Respond to audience questions on central ideas and concepts 
Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations 
Review funding agreement and clarify terms and conditions of funding 
Ascertain reporting requirements 
Establish processes to monitor compliance and report project progress 

Forms

Assessment Cover Sheet

CUAFIM501 - Source funding for projects
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

CUAFIM501 - Source funding for projects

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: