• MSACMT230A - Apply cost factors to work practices

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

MSACMT230A Mapping and Delivery Guide
Apply cost factors to work practices

Version 1.0
Issue Date: April 2024


Qualification -
Unit of Competency MSACMT230A - Apply cost factors to work practices
Description This unit covers the knowledge and skills needed for an individual to identify cost components and to be able to determine in general terms the cost impacts of alternative actions.
Employability Skills This unit contains employability skills.
Learning Outcomes and Application In a typical scenario, a person is required to contribute to and be involved in the assessment of cost factors in their work. This may be done individually or in a team environment.The person is able to assess the relative costs of the alternatives and use this as one of the key factors in making decisions. Decisions are made within the scope of the employee's authority and according to procedures. Typical decisions include those that contribute to the efficient organisation of own work and the improvement of production time and cycle times.This unit requires the application of skills associated with problem solving to identify cost factors and cost implications of own work and self management to apply cost effective practices.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field
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: Identify in own work area major cost components of product or process
  • Identify cost components in the product or process in own work area
  • Recognise the impact of current or alternative actions on costs
       
Element: Identify constraints to cost efficiency
  • Identify required production/process rate and major costs
  • Identify costs factors under the control of the individual or team
  • Relate identified costs factors to impact on overall cost of production/process
  • Identify cost factors that are a constraint to cost efficiency in own work area
       
Element: Apply cost efficient work practices
  • Express the implications of possible actions/changes to improve cost efficiency in simple financial terms
  • Identify non-financial implications of proposed changes in discussion with relevant people
  • Select actions which minimise overall costs
  • Monitor actions to ensure cost efficiency in own work area is maintained
       


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 requirements

The person will as part of their routine decision making aim to minimise costs. There should be evidence of their doing so.

What are the specific resource requirements for this unit?

Access to a workplace implementing competitive manufacturing strategies. No other specific resources are required.

What critical aspects of evidence are required to demonstrate competency in this unit?

Evidence of being able to identify costs factors relevant to an individual's job.

Evidence of having made appropriate decisions to minimise overall costs.

In what context should assessment occur?

Assessment will need to occur in a workplace or by use of a work based case study.

Are there any other units which could or should be assessed with this unit or which relate directly to this unit?

This unit may be assessed concurrently with appropriate units on continuous improvement.

What method of assessment should apply?

Assessors must be satisfied that the person can consistently perform the unit as a whole, as defined by the Elements, Performance Criteria, skills and knowledge. A holistic approach should be taken to the assessment.

Assessors should gather sufficient, fair, valid, reliable, authentic and current evidence from a range of sources. Sources of evidence may include direct observation, reports from supervisors, peers and colleagues, project work, samples, organisation records and questioning. Assessment should not require language, literacy or numeracy skills beyond those required for the unit.

The assessee will have access to all techniques, procedures, information, resources and aids which would normally be available in the workplace.

The method of assessment should be discussed and agreed with the assessee prior to the commencement of the assessment.

What evidence is required for demonstration of consistent performance?

Evidence should be available over a period of time or from more than one process or product.

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.

Required skills

basic numeracy

problem solving

communication

Required knowledge

cost components of products made

costs concepts such as expense and income

major cost contributors to product (eg energy)

the difference between internally and externally controlled costs

difference between overhead, labour and consumables

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, if used in the performance criteria, is detailed below. 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) may also be included.

Cost components

Cost components include fixed and variable costs such as power/energy, materials, plant and equipment, production or process time including impact on salary and wages, office expenses such as telephone and government taxes and charges.

Process

Process may include a production, maintenance, logistics or office process in a manufacturing environment.

Overall cost

Overall cost may include the assessment of negative and positive financial implications. It also includes negative long term issues, such as Occupational Health and Safety (OHS), environmental and regulatory issues.

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
Identify cost components in the product or process in own work area 
Recognise the impact of current or alternative actions on costs 
Identify required production/process rate and major costs 
Identify costs factors under the control of the individual or team 
Relate identified costs factors to impact on overall cost of production/process 
Identify cost factors that are a constraint to cost efficiency in own work area 
Express the implications of possible actions/changes to improve cost efficiency in simple financial terms 
Identify non-financial implications of proposed changes in discussion with relevant people 
Select actions which minimise overall costs 
Monitor actions to ensure cost efficiency in own work area is maintained 

Forms

Assessment Cover Sheet

MSACMT230A - Apply cost factors to work practices
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

MSACMT230A - Apply cost factors to work practices

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: