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Elements and Performance Criteria

  1. Plan, determine and review physical resource requirements
  2. Direct and coordinate the acquisition and allocation of physical resources
  3. Evaluate and report on physical resource provision

Required Skills

This describes the essential skills and knowledge and their level required for this unit

Required Skills

analyse costs and benefits of resource acquisition and utilisation

develop maintenance schedules and budgets

evaluate resource performance

monitor the effectiveness of resources acquisition and allocation

utilise resource inventory

Required Knowledge

budget processes

organisational policy and procedures relating to physical resource acquisition and allocation

resource management systems

stock handling procedures

Evidence Required

Critical aspects for assessment and evidence required to demonstrate competency in this unit

It is essential for this unit that competence be demonstrated in knowledge and application of asset management in a wide range of contexts in achieving the organisations objectives

Consistency in performance

Evidence should be gathered over a period of time in a range of actual or simulated workplace environments

Context of and specific resources for assessment

Context of assessment

Evidence of competent performance should be obtained by observing an individual in a physical resource management role within the workplace or exercise or operational environment

Knowledge may be assessed through written assignments projects reports debriefings and action learning projects

Specific resources for assessment

No special requirements


Range Statement

The Range Statement relates to the Unit of Competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the Performance Criteria is detailed below.

Physical resources:

properties/facilities

fixtures and plant

vehicles

equipment

stock and supplies

Acquisition and allocation of resources based on:

identified priorities

suitability

type of physical resource

urgency

cost of use

accessibility

endurance

maintenance demands

deployment time

customer needs

hazard and risk analysis

Organisational policy and procedures may vary between sectors and organisations and may include:

legislation relevant to the management of physical resources

legislation relevant to the organisation, operational, corporate and strategic plans

organisational performance standards

organisational personnel practices and guidelines

organisational quality standards

government policies

Budget formats may include:

zero based budgeting

program budgeting

line item budgeting

organisation – specific budgets

output and outcome budgeting

Budget may include:

capital expenditure

recurrent expenditure

output investment proposals

cash flow

Stakeholders may include:

staff

managers

government (state

local

federal)

unions

community

industry

owners of leased property

vehicles or equipment

Monitoring physical resource provision may include:

site visits

inspections

partial or full audits of physical resources

Expected lifetime of equipment may include:

organisation’s corporate and strategic plans

organisation’s financial and other resource management guidelines

government policy

capacity of equipment to perform to operational requirements

Reporting requirements may include:

spreadsheets

written reports

completion of proformas

completion of forms

verbal reports

government budget submission proformas