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Elements and Performance Criteria

1. Determine resources required for the project
   • Identify and interpret project objectives, required work activities and available finance in line with enterprise guidelines and legislative requirements where required
   • Identify resources required for project works
   • Identify factors affecting resource costs using available information
   • Select and use appropriate tools, equipment and technology for the calculation and documentation of project costs
2. Calculate individual itemised costs of the project
   • Calculate unit and total cost for each resource item
   • Evaluate total itemised resource costs against the financial schedule for the project
   • Make adjustments where required to reconcile resource costs with project schedules
   • Identify and determine costs for peripheral works arising from the project
3. Prepare a summary of the cost of the project
   • Collate and schedule resource costs
   • Calculate and record total project costs
   • Submit financial summary for approval

Range Statement

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Performance Evidence

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:

identify resources for a project

investigate options for material supplies, services, contractors and consultants

research prices for required resources

calculate costs for the project

document a summary of project costs.

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Knowledge Evidence

The candidate must demonstrate knowledge of:

relevant State and Federal legislation, awards, enterprise agreements and management policies relating to the project

project costing technology and software

current pricing structures and options for material supplies, services, contractors and consultants.

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