1. Determine asset classification and identification
   • Document policies and procedures for managing pest management assets and maintaining a register of assets in accordance with company requirements
   • Determine asset register format on basis of current needs and business plan in accordance with company requirements
   • Select a classification system compatible with other corporate record systems and that meets asset accounting and asset management needs in accordance with company requirements
   • Determine materiality thresholds for assets to be recorded in the asset register in accordance with company requirements
2. Record and value assets
   • Identify and record specified details of all material assets in accordance with the asset management policies and procedures
   • Record all assets in compliance with legislative and company requirements
   • Determine condition of each asset in accordance with manufacturers' specifications and legislative and company requirements
   • Determine useful/residual life of each asset in accordance with manufacturers' specifications and company requirements
   • Calculate current value of each asset based on valid and reliable information in accordance with legislative and company requirements
3. Maintain asset management system
   • Update records continuously to record asset purchases, loss, damage or disposal in accordance with company requirements
   • Conduct periodic audits to ensure accuracy of asset register in accordance with company requirements
   • Prepare reports to assist in business planning and management in accordance with company requirements
   • Review asset management system periodically to ensure it is supporting business needs in accordance with company requirements
   • Provide training to support effective management and maintenance of the asset register in accordance with company requirements

Refer to Evidence Guide

The evidence guide identifies the requirements to be demonstrated to confirm competence for this unit Assessment must confirm sufficient ability to use appropriate skills and knowledge to manage the assets used in providing pest management services including maintaining an asset register Assessment of performance should be over a period of time covering all categories within the range statement that are applicable in the working environment

Critical aspects of competency

Implementation and maintenance of an asset management system

Operation of an asset register

Compliance with company and legislativeregulatory requirements

Knowledge needed to achieve the performance criteria

Knowledge and understanding are essential to apply this unit in the workplace to transfer the skills to other contexts and to deal with unplanned events The knowledge requirements for this unit are listed below

Legislation regulations codes of practice and industry advisory standards applicable for managing a business and the provision of pest management services

Purchasing policies and procedures

Maintenance policies and procedures

Disposal policies and procedures

Documentation requirements

Company management structure and reporting procedures

Specific skills needed to achieve the performance criteria

To achieve the performance criteria some complementary skills are required These are

research and analysis

communicating clearly and concisely using written and verbal modes

requesting advice or further information

seeking and receiving feedback

working on an individual basis and within a team

sourcing organising and recording information

Other units of competency that could be assessed with this unit

Competence in this unit may be assessed in conjunction with PRMPMB Select and obtain pest management equipment and materials

Competence in this unit may be assessed in conjunction with PRMPM26B Select and obtain pest management equipment and materials.

Resources required to assess this unit

The following resources should be available

access to a suitable work site or venue

access to relevant databases and information sources including asset management policies and procedures

access to plain English version of relevant statutes and procedures

assessment instruments including personal planner and assessment record book

Gaining evidence to assess this unit

For valid and reliable assessment of this unit the competency should be demonstrated by using policies and procedures developed for asset management under normal industry operating conditions or if this is not practicable in a simulated work environment

The competency should be demonstrated over a period of time and observed by the assessor

The competency is to be demonstrated in a range of situations which may include customerworkplace interruptions and involvement in related activities normally experienced in the workplace

Supplementary evidence may be obtained from relevant written correspondence with existing and potential clients This information must be relevant by showing evidence of the candidates work performance

Other forms of gaining evidence such as through oral questioning and hypothetical situations scenarios may be used to supplement but not substitute for the practical demonstration of competence

Key competency levels

There are a number of processes that are learnt throughout work and life which are required in all jobs They are fundamental processes and generally transferable to other work functions Some of these are covered by the key competencies although others may be added

Information below highlights how these processes are applied in this competency standard