Application
This unit requires application of procedures for the development and monitoring of a budget. Applications include aircraft and aeronautical product maintenance organisations, including engineering and logistic support areas. |
Elements and Performance Criteria
ELEMENT | PERFORMANCE CRITERIA |
1. Plan a budget | 1.1. Workplace resource needs are identified and documented 1.2. Resource needs are costed 1.3. Budget document is prepared and processed in accordance with organisational requirements |
2. Manage the acquisition and allocation of budgetary resources | 2.1. Systems for monitoring expenditure are maintained 2.2. Budgets are monitored to ensure expenditure is within targets 2.3. Appropriate technology is applied to the resource management system 2.4. Changing priorities are identified and discussed with applicable personnel 2.5. Budget document is amended in response to changing activities or costs 2.6. Accountability requirements are satisfied |
3. Evaluate and report budget outcomes | 3.1. Expenditure against planned budget is evaluated 3.2. Impacts on financial changes/constraints on work unit objectives are evaluated and documented 3.3. Report on expenditure/budget is prepared in accordance with organisational policy and procedures |
Required Skills
|
Required skills |
Look for evidence that confirms skills in: financial management monitoring evaluation and decision making mathematical calculation |
Required knowledge |
Look for evidence that confirms knowledge of: organisational budgetary processes tasking over the period of the budget requirements in Civil Aviation Safety Regulations (CASR) regarding financial status of maintenance organisations fraud and ethics |
Evidence Required
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | A person who demonstrates competency in this unit must be able to prepare and apply budgetary resources in the aviation maintenance management environment. |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Assessors must be satisfied that the candidate can competently and consistently perform all elements of the unit as specified by the criteria, including required knowledge, and be capable of applying the competency in new and different situations and contexts. Assessors should gather a range of evidence that is valid, sufficient, current and authentic. Evidence can be gathered through a variety of ways, including direct observation, supervisor's reports, project work, samples and questioning. Questioning techniques should not require language, literacy and numeracy skills beyond those required in this unit of competency. |
Context of and specific resources for assessment | This unit may be assessed on the job, off the job or a combination of both on and off the job. Where assessment occurs off the job, that is, the candidate is not in productive work, then an appropriate simulation must be used where the range of conditions reflects realistic workplace situations. The candidate must have access to all materials and documentation required and must be permitted to refer to any relevant workplace procedures, codes, standards, manuals and reference materials. The assessment environment should not disadvantage the candidate. |
Method of assessment | |
Guidance information for assessment |
Range Statement
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. | |
Application of this unit may relate to: scheduled or unscheduled maintenance individual or team-related activities | |
Workplace resource needs | Workplace resource needs may include: personnel finance equipment facilities items of aeronautical product breakdown spares and materials consumables |
Budget | Budget may be: annual length of project/activity quarterly for another period of time as required |
Systems for monitoring expenditure | Systems for monitoring expenditure may include: paper-based systems computerised systems receipts and invoices quotes |
Sectors
Unit sector |
Competency Field
Aviation maintenance management |
Employability Skills
This unit contains employability skills. |
Licensing Information
Not applicable.