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

CPPDSM6007 Mapping and Delivery Guide
Develop life cycle asset management plans

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency CPPDSM6007 - Develop life cycle asset management plans
Description
Employability Skills
Learning Outcomes and Application This unit of competency specifies the outcomes required to develop a life cycle asset management plan. It requires the ability to determine asset management objectives, carry out strategic analysis, and interpret an asset management plan.The unit supports the work of those involved in developing a life cycle asset management plan. It applies to real estate agents, strata community managers, and stock and station agents.Licensing, legislative, regulatory or certification requirements apply to this unit in some States and Territories. Relevant state and territory regulatory authorities should be consulted to confirm those requirements.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.

The following must be present and available to learners during assessment activities:

equipment:

computer system with internet, email and printing facilities

specifications:

relevant legislation and associated regulations

workplace policies and procedures on asset management

specification for an asset for which a life cycle asset management plan is required

supervisor:

member of a work team in a property industry context.

Assessor requirements

As a minimum, assessors must satisfy the assessor requirements in the Standards for Registered Training Organisations (RTOs) current at the time of assessment.
Prerequisites/co-requisites
Competency Field Strata community management
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: Determine asset management objectives.
  • Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.
  • Strategic plans and other information are obtained and asset management issues analysed.
  • Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.
  • Monitoring and reporting arrangements for asset management activities are determined.
  • Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.
  • Applicable industry, organisational and legislative requirements are interpreted and complied with.
       
Element: Conduct strategic analysis.
  • Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.
  • Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.
  • Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.
  • Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.
       
Element: Design support processes.
  • Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.
  • Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.
  • Quality assurance goals and strategies are determined.
  • Draft asset management plan is prepared using business equipment and technology.
       
Element: Review and evaluate asset management plan.
  • Asset management plan is reviewed and evaluated.
  • Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.
  • Evaluation results are prepared.
  • Recommendations for improving strategy are presented to management within agreed timeframes.
       


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.

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions.

1.

Determine asset management objectives.

1.1.

Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.

1.2.

Strategic plans and other information are obtained and asset management issues analysed.

1.3.

Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.

1.4.

Monitoring and reporting arrangements for asset management activities are determined.

1.5.

Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.

1.6.

Applicable industry, organisational and legislative requirements are interpreted and complied with.

2.

Conduct strategic analysis.

2.1.

Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.

2.2.

Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.

2.3.

Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.

2.4.

Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.

3.

Design support processes.

3.1.

Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.

3.2.

Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.

3.3.

Quality assurance goals and strategies are determined.

3.4.

Draft asset management plan is prepared using business equipment and technology.

4.

Review and evaluate asset management plan.

4.1.

Asset management plan is reviewed and evaluated.

4.2.

Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.

4.3.

Evaluation results are prepared.

4.4.

Recommendations for improving strategy are presented to management within agreed timeframes.

A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.

The person must also develop a life cycle asset management plan for one property-related asset.

In doing the above, the person must:

conduct a risk analysis and evaluate potential factors that may impact on asset management objectives

establish asset management objectives

apply knowledge of organisation’s practices, ethical standards and legislative requirements associated with developing a life cycle asset management plan

formulate, review and evaluate an asset management strategy

prepare a detailed budget outlining resource requirements to support asset management activities.

A person demonstrating competency in this unit must demonstrate knowledge of:

asset life cycle

asset management plans

basic knowledge of property contracts and administrative requirements

building codes and Australian standards relating to life cycle asset management plans

building construction practice

common hazards to public and personal safety associated with particular types of maintenance work in buildings

industry benchmarks for maintenance procedures

limitations of own work role, responsibilities and professional abilities

organisational and professional procedures, ethical practices and business standards

property-related assets

key requirements of federal, state or territory legislation and local government regulations relating to asset management, including building control legislation

work health and safety (WHS) issues and requirements relating to developing life cycle asset management plans.

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.

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions.

1.

Determine asset management objectives.

1.1.

Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.

1.2.

Strategic plans and other information are obtained and asset management issues analysed.

1.3.

Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.

1.4.

Monitoring and reporting arrangements for asset management activities are determined.

1.5.

Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.

1.6.

Applicable industry, organisational and legislative requirements are interpreted and complied with.

2.

Conduct strategic analysis.

2.1.

Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.

2.2.

Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.

2.3.

Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.

2.4.

Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.

3.

Design support processes.

3.1.

Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.

3.2.

Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.

3.3.

Quality assurance goals and strategies are determined.

3.4.

Draft asset management plan is prepared using business equipment and technology.

4.

Review and evaluate asset management plan.

4.1.

Asset management plan is reviewed and evaluated.

4.2.

Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.

4.3.

Evaluation results are prepared.

4.4.

Recommendations for improving strategy are presented to management within agreed timeframes.

This section specifies work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Bold italicised wording, if used in the performance criteria, is detailed below.

Assets must be dynamic or static and include at least one of the following:

buildings

equipment

furniture

goodwill

land

property

vehicles.

Asset management activities must include at least one of the following:

accounting, including cost accounting

asset creation and acquisition

asset maintenance

asset strategies

audit and management reviews

condition and performance monitoring

disposals

information and support systems

operations

renewals.

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 management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes. 
Strategic plans and other information are obtained and asset management issues analysed. 
Roles and responsibilities associated with developing an asset management plan are clearly defined and documented. 
Monitoring and reporting arrangements for asset management activities are determined. 
Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared. 
Applicable industry, organisational and legislative requirements are interpreted and complied with. 
Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures. 
Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective. 
Comparative market data is obtained and analysis undertaken using standard financial analysis techniques. 
Risks and contingencies are identified and quantified according to industry standards, precedents and techniques. 
Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan. 
Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters. 
Quality assurance goals and strategies are determined. 
Draft asset management plan is prepared using business equipment and technology. 
Asset management plan is reviewed and evaluated. 
Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes. 
Evaluation results are prepared. 
Recommendations for improving strategy are presented to management within agreed timeframes. 

Forms

Assessment Cover Sheet

CPPDSM6007 - Develop life cycle asset management plans
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

CPPDSM6007 - Develop life cycle asset management plans

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: