The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Conduct market research
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Collate and evaluate estimates of supply and demand Completed |
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Analyse past trends and assess possible future scenarios Completed |
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Relate own products to market indicators Completed |
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Determine price required
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Calculate cost of production and determine break-even price Completed |
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Calculate overhead costs to be allocated against the enterprise Completed |
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Determine margins for profit and risk Completed |
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Set forward price objectives to meet cost of production, contribution to overheads and profit required Completed |
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Evaluate personal attitude to risk Completed |
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Develop sales plan
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Evaluate cash markets and assess projected price trends Completed |
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Obtain and assess forward contract information Completed |
Evidence:
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Obtain and assess futures prices Completed |
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Evaluate selling options against price objectives and the assessment of price movement risk Completed |
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Assess taxation and cash flow implications Completed |
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Develop appropriate mix of sale options in a trading strategy Completed |
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Develop contingency plans to address possible shifts in price trend Completed |
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Implement trading strategy
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Seek appropriate expertise as required Completed |
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Monitor market information and adjust trading strategy according to contingency plans Completed |
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