Application
This unit describes the skills and knowledge required to raise money for a creative or artistic project.
It applies to individuals who determine the amount of funding required, locate likely funding sources, develop funding proposals and identify opportunities for future funding.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Investigate funding opportunities for project | 1.1 Determine the scope and funding needs of project 1.2 Calculate optimum funding arrangements 1.3 Research potential funding sources and the activities they support, eligibility and selection processes |
2. Develop a funding proposal | 2.1 Summarise the proposed project, the purpose of funding and the amount sought 2.2 Determine project timelines and budget breakdown 2.3 Prepare funding documentation 2.4 Collate additional materials and testimonials to support request for funding 2.4 Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary 2.5 Prepare return on investment information for potential investors |
3. Pitch project and funding request | 3.1 Plan and document presentation approach and intended outcomes 3.2 Choose 3.3 Select 3.4 Present proposal using persuasive communication techniques to secure audience interest 3.5 Respond to audience questions on central ideas and concepts 3.6 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations |
4. Examine terms and conditions of potential funding | 4.1 Review funding agreement and clarify terms and conditions of funding 4.2 Ascertain reporting requirements 4.3 Establish processes to monitor compliance and report project progress |
Evidence of Performance
Evidence of the ability to:
research funding sources
develop viable funding proposals
prepare and deliver project pitch using effective presentation strategies and communication techniques
interpret funding agreements.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
Evidence of Knowledge
To complete the unit requirements safely and effectively, the individual must:
explain the range of potential funding sources and the channels through which they are publicised
describe project proposal information required to support request for funding
explain key features of a project pitch
outline issues and challenges that typically arise in the context of securing funding for projects and how they might be overcome.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in creative arts industry environments. The assessment environment must include access to:
appropriate sources of information to prepare and support funding proposals
interaction with others to present funding proposal.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational educational and training legislation, frameworks and/or standards.
Foundation Skills
This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.
Skill | Performance Criteria | Description |
Learning | 3.6 | Uses self-evaluation to identify opportunities to improve own skills |
Reading | 1.1-1.3, 2.4, 4.1 | Recognises and interprets textual information to determine and define requirements Organises, evaluates and critiques ideas and information from a number of sources |
Writing | 2.1, 2.3, 2.5, 3.1, 3.4, 4.3 | Uses specialised language to covey and request detailed information, and grammatical structure to support the purpose and document format |
Oral Communication | 2.4, 3.4, 3.5 | Elicits the view and opinion of others by using listening and questioning techniques Uses industry related and specific terminology to present information suitable to audience and environment |
Numeracy | 1.2, 2.2, 2.3, 2.5, 4.1 | Uses mathematical skills to estimate and develop structured funding plans |
Navigate the world of work | 2.4, 4.2, 4.3 | Takes responsibility for meeting legal, regulatory and compliance requirements |
Interact with others | 2.4, 3.4, 3.5 | Follows accepted communication practices and protocols Uses effective interpersonal skills to build rapport, present concepts and seek feedback |
Get the work done | 1.1, 1.3, 2.2-2.4, 3.1-3.3, 4.1-4.3 | Plans and prioritises a range of tasks to achieve outcomes efficiently and in a timely manner Uses problem solving techniques to analyse factors and make decisions about funding sources and proposals Uses appropriate digital tools and technologies to access, enter and present information |
Sectors
Finance – Financial management