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

MSTGN6012 Mapping and Delivery Guide
Evaluate commercial viability of products

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency MSTGN6012 - Evaluate commercial viability of products
Description
Employability Skills
Learning Outcomes and Application
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: Prepare to evaluate commercial viability
  • Analyse current business plan and identify business objectives and financial targets to review business position
  • Review business practices, past products and records of commercial success to assess relevance for future developments
  • Identify workplace criteria for measuring commercial success of products
  • Identify potential products and assess their ability to meet client or target market needs and expectations
  • Analyse costing and production strategies and assess alignment of products to business goals and practices
       
Element: Select products for commercial development
  • Identify workplace criteria for selection of products
  • Analyse products against selection criteria
  • Consult with senior management in the selection process, providing evidence-based information to aid decision-making
  • Determine which products will be developed based on analysis and consultation
       
Element: Establish evaluation mechanism
  • Establish financial targets for product development
  • Implement monitoring systems to measure progress of production and return
  • Evaluate product selection against commercial targets
  • Document findings in accordance with workplace procedures
       

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.
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
Analyse current business plan and identify business objectives and financial targets to review business position 
Review business practices, past products and records of commercial success to assess relevance for future developments 
Identify workplace criteria for measuring commercial success of products 
Identify potential products and assess their ability to meet client or target market needs and expectations 
Analyse costing and production strategies and assess alignment of products to business goals and practices 
Identify workplace criteria for selection of products 
Analyse products against selection criteria 
Consult with senior management in the selection process, providing evidence-based information to aid decision-making 
Determine which products will be developed based on analysis and consultation 
Establish financial targets for product development 
Implement monitoring systems to measure progress of production and return 
Evaluate product selection against commercial targets 
Document findings in accordance with workplace procedures 

Forms

Assessment Cover Sheet

MSTGN6012 - Evaluate commercial viability of products
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

MSTGN6012 - Evaluate commercial viability of products

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: