• CPPDSM5004A - Assess viability of regeneration options in the property industry

Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

CPPDSM5004A Mapping and Delivery Guide
Assess viability of regeneration options in the property industry

Version 1.0
Issue Date: March 2024


Qualification -
Unit of Competency CPPDSM5004A - Assess viability of regeneration options in the property industry
Description This unit of competency specifies the outcomes required to assess the viability of regeneration options for property. It requires the ability to define assessment criteria appropriate to the type of asset and recommend preferred viable options based on those criteria. The unit may form part of the licensing requirements for persons working in the property industry, including in the real estate, business broking, stock and station agency and property operations and development sectors, in those States and Territories where these are regulated activities.
Employability Skills The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements.
Learning Outcomes and Application This unit of competency supports the work of those involved in assessing the viability of regeneration options for property.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites Nil
Competency Field Property operations and development
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities
Slides
PPT
Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Establish requirements of asset regeneration.
  • Asset regeneration requirements are reviewed and confirmed with relevant people according to organisational requirements.
  • Consultative processes are used to negotiate with relevant people and agree upon project process, objectives and time lines according to organisational requirements.
  • Relevant documentation and legislative requirements are sourced and reviewed to identify critical requirements of asset regeneration options.
  • Project plan is developed according to organisational requirements detailing suitable activities that reflect client needs.
  • Situations requiring specialist advice are identified and support is sought as required according to organisational requirements.
       
Element: Define assessment criteria.
  • Industry and other relevant benchmarks are accessed and analysed to establish assessment criteria appropriate to the type and class of asset being assessed.
  • Types of evidence required to ensure valid and reliable decision making are determined and clearly defined.
  • Assessment processes are designed which detail the assessment method that will accurately reflect client needs and organisational requirements.
  • Business equipment and technology are used to organise and document assessment processes in a format suitable for analysis and interpretation.
  • Feedback from relevant people regarding assessment criteria is collected, analysed and used to validate assessment process.
       
Element: Access relevant information.
  • Relevant information is gathered and organised in a format suitable for analysis and interpretation according to legislative and organisational requirements.
  • Sources of information relevant to asset regeneration options are identified and accessed according to organisational requirements.
  • Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.
  • Appropriate interpersonal techniques are used to access additional information from relevant people according to organisational requirements.
  • Constraints and opportunities regarding regeneration methods are identified according to organisational requirements.
  • Business equipment and technology are used to access, analyse and organise information according to organisational requirements.
       
Element: Assess viability of options.
  • Viability of regeneration options is assessed and decisions are made on preferred option according to organisational requirements.
  • Gathered information is examined to ensure its quality, validity and reliability according to organisational requirements.
  • Assessment decision is based on an objective ranking of options against assessment criteria.
  • Regeneration options are presented in appropriate format, style and structure using suitable business equipment and technology.
  • Recommendations are verifiable and sufficiently detailed to meet client and organisational requirements.
  • Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.
       


Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.

Overview of assessment

This unit of competency could be assessed through practical demonstration of assessing the viability of regeneration options for property. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.

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

A person who demonstrates competency in this unit must be able to provide evidence of:

assessing viability of regeneration options against specific criteria and presenting information on preferred option

developing a project plan through consultation and research

developing assessment criteria using industry benchmarks and feedback

knowledge of organisation's practices, ethical standards and legislative requirements associated with assessing the viability of regeneration options for property

sourcing and accessing relevant information and identifying constraints and opportunities regarding regeneration methods.

Context of and specific resources for assessment

Resource implications for assessment include:

a registered provider of assessment services

assessment materials and tools

candidate special requirements

competency standards

cost and time considerations

suitable assessment venue and equipment.

Where applicable, physical resources should include equipment modified for people with disabilities.

Access must be provided to appropriate learning and/or assessment support when required.

Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed.

Validity and sufficiency of evidence require that:

competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace

where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence

all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence

where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time

assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit.

In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assignment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

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

Required skills:

communication skills to negotiate client requirements, consult on options and communicate problems and delays

computing skills to access the internet and web pages, prepare and complete online forms, lodge electronic documents and search online databases

interpersonal skills to relate to people from a range of social, cultural and ethnic backgrounds and varying physical and mental abilities

literacy skills to interpret written and oral information

organisational skills to plan and schedule time lines and objectives, and manage project processes

problem solving skills to determine factors that may affect property markets and to assess risk

research skills to source, analyse and interpret asset and market information

technical skills to use software for planning and scheduling tasks, use financial and assessment software and spreadsheets efficiently, and access market information.

Required knowledge and understanding:

building control legislation, codes and relevant Australian standards

financial analysis and modelling

limitations of work role, responsibility and professional abilities

market movements

OHS issues and requirements

organisational and professional procedures, ethical practices and business standards

regeneration methods

relevant federal and state or territory legislation and local government regulations related to:

anti-discrimination

consumer protection

environmental issues

equal employment opportunity (EEO)

financial probity

franchise and business structures

industrial relations

OHS

privacy

property sales, leasing and management

relevant local property knowledge

sources of industry data.

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. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.

Asset may include:

buildings

business and marketing contracts

equipment

furniture

goodwill

land

vehicles.

Regeneration may relate to:

rebuild

redecorate

redevelop

refinance

re-fit

remodel

renovate

repackage

re-tenant.

Relevant people may include:

architects

builders

clients

legal representatives

management and colleagues

members of industry associations

principals

service providers

users.

Organisational requirements may be outlined and reflected in:

access and equity principles and practice guidelines

business and performance plans

complaint and dispute resolution procedures

goals, objectives, plans, systems and processes

legal and ethical requirements and codes of practice

mission statements and strategic plans

OHS policies, procedures and programs

policies and procedures in relation to client service

quality and continuous improvement processes and standards

quality assurance and procedure manuals.

Consultative processes may include:

face-to-face meetings

telephone, facsimile and written communication.

Relevant documentation may include:

agreements

building codes

certificates of occupancy

contracts

leases

licences

permits

plans

specifications.

Legislative requirements may be outlined and reflected in:

Australian standards, and quality assurance and certification requirements

award and enterprise agreements

codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law

home building requirements

privacy requirements

relevant federal, and state or territory legislation that affects organisational operation, including:

anti-discrimination and diversity

environmental issues

EEO

industrial relations

OHS

strata, community and company titles

tenancy agreements

trade practices laws and guidelines.

Regeneration options may include:

change of use

market reposition

refurbishment.

Clients may include:

asset or property agents

asset or property owners

company management

fund managers

fund providers

government and legal instruments or agencies

institutions

internal and external property groups

owner-occupiers

private investors

users.

Specialist advice may be sought from:

architects

bankers and financiers

builders

business consultants

government officials

investment consultants

members of industry associations

planners

real estate agents

solicitors

subcontractors

technical experts

valuers.

Benchmarks may include:

comparative analysis

discounted cash flow

industry association performance index

inflation rate

internal rate of return

life cycle costing

published vacancy factors

take-up rates

tenancy mixes.

Criteria may relate to:

capital growth

cash flow

degree of compliance with legislation

degree of market acceptance

financial feasibility

foregone income

sale realisation potential

stated client requirements.

Business equipment and technology may include:

computers

data storage devices

email

facsimile machines

internet, extranet and intranet

photocopiers

printers

scanners

software applications, including database spreadsheets and word applications.

Feedback may be received through:

clients and their legal representatives

management and colleagues.

Relevant information may include information relating to:

agreements

building codes

company services

construction costs

current and planned property or site developments

deposited, survey and other plans

depreciation schedules

land title documentation

leasing rates

legal documentation

licences

management policy and procedures

marketing services

occupancy rates

operating costs

permits

rates notices

sales information

specifications

taxation records

tenancy and other contracts.

Sources of information may include:

consultants

information services

press clippings

published industry data, including industry indices

third parties

trade journals.

Interpersonal techniques may include:

active listening

clear presentation of options

culturally inclusive and sensitive engagement techniques

questioning to clarify and confirm understanding

two-way interaction

use of culturally appropriate language and concepts

verbal or non-verbal language.

Methods may include:

analysis of degree of market acceptance

capital growth indicators

cashflow analysis

compliance with legislation

financial feasibility studies

review of stated client requirements

sale realisation potential analysis.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Asset regeneration requirements are reviewed and confirmed with relevant people according to organisational requirements. 
Consultative processes are used to negotiate with relevant people and agree upon project process, objectives and time lines according to organisational requirements. 
Relevant documentation and legislative requirements are sourced and reviewed to identify critical requirements of asset regeneration options. 
Project plan is developed according to organisational requirements detailing suitable activities that reflect client needs. 
Situations requiring specialist advice are identified and support is sought as required according to organisational requirements. 
Industry and other relevant benchmarks are accessed and analysed to establish assessment criteria appropriate to the type and class of asset being assessed. 
Types of evidence required to ensure valid and reliable decision making are determined and clearly defined. 
Assessment processes are designed which detail the assessment method that will accurately reflect client needs and organisational requirements. 
Business equipment and technology are used to organise and document assessment processes in a format suitable for analysis and interpretation. 
Feedback from relevant people regarding assessment criteria is collected, analysed and used to validate assessment process. 
Relevant information is gathered and organised in a format suitable for analysis and interpretation according to legislative and organisational requirements. 
Sources of information relevant to asset regeneration options are identified and accessed according to organisational requirements. 
Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources. 
Appropriate interpersonal techniques are used to access additional information from relevant people according to organisational requirements. 
Constraints and opportunities regarding regeneration methods are identified according to organisational requirements. 
Business equipment and technology are used to access, analyse and organise information according to organisational requirements. 
Viability of regeneration options is assessed and decisions are made on preferred option according to organisational requirements. 
Gathered information is examined to ensure its quality, validity and reliability according to organisational requirements. 
Assessment decision is based on an objective ranking of options against assessment criteria. 
Regeneration options are presented in appropriate format, style and structure using suitable business equipment and technology. 
Recommendations are verifiable and sufficiently detailed to meet client and organisational requirements. 
Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements. 

Forms

Assessment Cover Sheet

CPPDSM5004A - Assess viability of regeneration options in the property industry
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

CPPDSM5004A - Assess viability of regeneration options in the property industry

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: