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Elements and Performance Criteria

1. Determine management control process
2. Roles and responsibilities of business units or departments are clarified to ensure effective management of assets in accordance with organisational policy and procedures
3. Specific organisation reporting and monitoring standards are clarified as required and complied with
4. Information systems that provide the information necessary for effective and efficient asset management for all levels within the organisation are maintained
5. Regular audits are arranged, as required, to establish a continuous improvement cycle
6. Implement existing practices, procedures and systems
7. Assessments of current status of asset management activities within business units or departments are conducted regularly in accordance with asset management plan
8. Work group/s are supported to adhere to milestones and targets
9. Areas of difficulty are identified and strategies are followed to overcome identified difficulties
10. Review service levels
11. Current levels of service provided by asset stock are critically examined
12. Areas of possible improvement in the effectiveness and efficiencies of owning and operating assets are identified in consultation with relevant personnel
13. Appropriate benchmarking is undertaken to enable continuous improvement in asset management strategies and practices

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions can 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 relevant legislation and workplace procedures communicating and working effectively with others completing relevant documentation consulting and liaising, as required, when working with a team implementing, monitoring and reviewing management systems interpreting and following operational instructions and prioritising work managing a team and encouraging team participation operating electronic communications equipment to required protocol using critical analysis to determine the best approach to asset management for the organisation using lateral thinking to solve problems as they arise or to generate ideas.

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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:

benchmarking practices characteristics of different types of information systems used to provide and assist in asset management code of practice for working collaboratively with others particularly with those involved in inputting data into asset management systems detail of different approaches to asset management, including theoretical knowledge organisational and industry functions procedures for identifying equipment defects and assessing for appropriate action procedures for operating electronic communications equipment quality management principles and procedures relevant sections of national and state/territory regulatory requirements and codes of practice requirements for completing relevant documentation including asset management reports.

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