Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
MSS405030A Mapping and Delivery Guide
Optimise cost of a product or service
Version 1.0
Issue Date: July 2024
Qualification | - |
Unit of Competency | MSS405030A - Optimise cost of a product or service |
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Description | This unit of competency covers the skills and knowledge required to examine the costs of a product or service and determine methods of reducing costs. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to an individual a who is required to undertake a detailed study of a product or service’s costs, including analysing it by its cost components to determining the best method of lowering the cost overall. This unit differs from MSS405031A Undertake value analysis of a product or process costs in terms of customer requirements, in that it looks at all costs, including overheads and takes a wider and more traditional approach to the cost of the product. Information and cost reduction strategies gained from the application of this unit may support other cost approaches in the enterprise, including value stream costing. This unit primarily requires the application of skills associated with communication in gathering, analysing and applying information. Problem solving, initiative and enterprise, and planning and organising are required to calculate cost components and determine cost optimisation strategies. This unit also requires aspects of self-management and learning to ensure feedback and new learning is integrated into costing methods. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not applicable. | ||
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 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Analyse total cost components of a product or service |
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