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Evidence Guide: AHCMOM601A - 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

 

AHCMOM601A - Analyse machinery options

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

Calculate costs associated with machinery and use to assist decision making

  1. Overhead, operating and intangible costs related to machinery are calculated.
  2. Relevant benchmark data that relates machinery costs to enterprise productivity is sourced and compared to own enterprise data.
  3. Comparison of productivity and suitability of different types and brands of machinery is made.
Overhead, operating and intangible costs related to machinery are calculated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Relevant benchmark data that relates machinery costs to enterprise productivity is sourced and compared to own enterprise data.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comparison of productivity and suitability of different types and brands of machinery is made.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review machinery requirements

  1. Machinery inventory is reviewed in the context of the goals of the business, and current and future productivity and profitability levels.
  2. Alternatives to ownership are identified, costed and evaluated.
  3. Tax impact of the capital investment is identified through appropriate professional support and incorporated into the analysis.
  4. Risks associated with high capital investment in machinery are assessed and controlled in making machinery decisions.
Machinery inventory is reviewed in the context of the goals of the business, and current and future productivity and profitability levels.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Alternatives to ownership are identified, costed and evaluated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Tax impact of the capital investment is identified through appropriate professional support and incorporated into the analysis.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Risks associated with high capital investment in machinery are assessed and controlled in making machinery decisions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse returns from major capital investments in machinery

  1. Capital budgeting techniques including energy efficiency are used to calculate the rate of return on major investment decisions.
  2. Plan and analysis of machinery options are reviewed and refinements are recorded.
Capital budgeting techniques including energy efficiency are used to calculate the rate of return on major investment decisions.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan and analysis of machinery options are reviewed and refinements are recorded.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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

Critical aspects for assessment and evidence required to demonstrate competency in this unit

The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:

calculate the total running cost of machinery

review the machinery needs of the enterprise and evaluate costed alternative options

budget the calculated rate of return on investments using benchmarks of energy efficiency

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 define the preferred option

review the investment plan and analysis of options.

Context of and specific resources for assessment

Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.

Required Skills and Knowledge

Required skills

calculate costs associated with machinery

review machinery inventory and requirement

evaluate and cost options

assess investment risk

budget and incorporate benchmarks

calculate returns from major capital investments in machinery

document a comprehensive report

use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports

use oral communication skills/language competence to fulfil the job role as specified by the organisation, including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views

use numeracy skills to estimate, calculate and record complex workplace measures

use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities.

Required knowledge

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

The range statement relates to the unit of competency as a whole.

The factors may include:

the range of farming systems

financing arrangements

machinery types

budgeting variables, including energy efficiency

machinery ownership options.