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Elements and Performance Criteria

1. Produce management reports
   • Assess stakeholder needs
   • Compile data for end of period report
   • Coordinate the update of variance reports
   • Reconcile data with authoritative data
   • Review data for accuracy, validity and relevance
2. Provide input for asset management
   • Process asset and inventory financial transactions
   • Undertake Asset-Under-Construction assessments
   • Review financial asset and inventory transactions for accuracy
   • Develop and manage a costing model
3. Provide financial management support for procurements
   • Provide financial input for inclusion in procurement documentation
   • Undertake financial aspects of value for money assessment of supplier proposals
   • Provide input into contract development
   • Provide financial advice to procurement team
   • Review contract changes proposals for financial implications
4. Support the development of acquisition and sustainment agreements
   • Provide financial and costing advice
   • Review financial aspects
   • Assist with the development of change proposals
   • Provide financial management input into progress reviews

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include: applying risk management tools and techniques developing budgeting models identifying financial implications of risks in arrangements identifying cost drivers managing stakeholder relationships negotiating with stakeholders performing financial reconciliations producing comprehensive reports providing technical financial advice using complex spreadsheet formulas and functions.

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Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of: basic accounting concepts, including operating, expensed and capitalised costs cost drivers different stages of a project project closure process relevant legislation and organisation policies the acquisition process the acquisition and sustainment agreement development process.

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