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Evidence Guide: AHCMOM601 - Analyse machinery options

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

AHCMOM601 - Analyse machinery options

What evidence can you provide to prove your understanding of each of the following citeria?

Calculate costs associated with machinery use

  1. Calculate overhead, operating and intangible costs related to machinery
  2. Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data
  3. Make comparison of productivity and suitability of different types and brands of machinery
Calculate overhead, operating and intangible costs related to machinery

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make comparison of productivity and suitability of different types and brands of machinery

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review machinery requirements

  1. Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels
  2. Identify, cost and evaluate alternatives to ownership
  3. Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis
  4. Assess and control risks associated with high capital investment in machinery in making machinery decisions
Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify, cost and evaluate alternatives to ownership

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess and control risks associated with high capital investment in machinery in making machinery decisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse returns from major capital investments in machinery

  1. Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions
  2. Review machinery options plan and analysis and record changes
Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review machinery options plan and analysis and record changes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Calculate costs associated with machinery use

1.1 Calculate overhead, operating and intangible costs related to machinery

1.2 Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

1.3 Make comparison of productivity and suitability of different types and brands of machinery

2. Review machinery requirements

2.1 Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

2.2 Identify, cost and evaluate alternatives to ownership

2.3 Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

2.4 Assess and control risks associated with high capital investment in machinery in making machinery decisions

3. Analyse returns from major capital investments in machinery

3.1 Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

3.2 Review machinery options plan and analysis and record changes

Required Skills and Knowledge

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Calculate costs associated with machinery use

1.1 Calculate overhead, operating and intangible costs related to machinery

1.2 Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

1.3 Make comparison of productivity and suitability of different types and brands of machinery

2. Review machinery requirements

2.1 Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

2.2 Identify, cost and evaluate alternatives to ownership

2.3 Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

2.4 Assess and control risks associated with high capital investment in machinery in making machinery decisions

3. Analyse returns from major capital investments in machinery

3.1 Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

3.2 Review machinery options plan and analysis and record changes

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

calculate costs associated with machinery

review machinery inventory and requirement

evaluate and cost options

assessing investment risk

budget and incorporate benchmarks

calculate returns from major capital investments in machinery

compare the productivity and suitability of different types and brands of machinery

analyse the financial costs, tax impact and investment risk for different types of machinery

document the analysis and defining the preferred option

review the investment plan and analysis of options

The candidate must demonstrate knowledge of:

benchmarking practices and procedures, including energy efficiency, carbon footprint and water use efficiency

capital budgeting techniques

relevant taxation provisions relating to investment

risks associated with investments

analysis and planning processes

Range Statement