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?
Supervise the identification and classification of project costs.
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Staff members are supervised in their identification of building or construction costs and accurate estimates are made from project schedules. Completed |
Evidence:
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Definitive cost estimates are accurately translated into the correct cost centres appropriate to contract requirements. Completed |
Evidence:
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Cost centres are correctly identified and incorporated into a planned project cost network. Completed |
Evidence:
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Risk assessment is undertaken and estimated cost is compared with estimated risk. Completed |
Evidence:
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Planning ensures compliance with relevant codes of practice, standards and legislative requirements. Completed |
Evidence:
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Manage the preparation of a schedule of project expenditure.
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Draft schedules of project expenditure are prepared with critical points identified. Completed |
Evidence:
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Expenditure schedules are prepared using organisational processes, and hard copies are produced. Completed |
Evidence:
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Critical financial phases of the project are identified and cash flows are matched to expenditure. Completed |
Evidence:
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Prepare curves showing projected cash flow and payments.
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Interim payment claims and rise and fall calculations are prepared for the contractor and subcontractors. Completed |
Evidence:
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Projected S curve is prepared to show cash flow and resource control. Completed |
Evidence:
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Projected cash flow and payments using time risk and cost risk are prepared and compared. Completed |
Evidence:
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Cash flows using early start and late finish for pessimistic or optimistic outcomes are compared. Completed |
Evidence:
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Pessimistic overdraft requirements are calculated. Completed |
Evidence:
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Maintain continuous checks on expenditure and evaluate outcomes.
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Cash flow and creditor payments are monitored daily. Completed |
Evidence:
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Budget cost of the network is compared to actual costs in the tender calculations. Completed |
Evidence:
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Rise and fall clause calculations are undertaken and financial controller is advised of variations. Completed |
Evidence:
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Reasons for any cost variations are analysed and identified. Completed |
Evidence:
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Remedial action is taken and recorded as necessary to retain contract financial compliance. Completed |
Evidence:
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Prepare final cost report.
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Actual costs are compared with estimates at the completion of the job and a report is compiled detailing future actions. Completed |
Evidence:
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Organisational rates are adjusted as required, based on the final cost report and current movements in prices and rates. Completed |
Evidence:
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