Assess viability of regeneration options in the property industry Evidence Guide

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Evidence Guide: CPPDSM5004A - Assess viability of regeneration options in the property industry

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

CPPDSM5004A - Assess viability of regeneration options in the property industry

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

Establish requirements of asset regeneration.

Asset regeneration requirements are reviewed and confirmed with relevant people according to organisational requirements.
Consultative processes are used to negotiate with relevant people and agree upon project process, objectives and time lines according to organisational requirements.
Relevant documentation and legislative requirements are sourced and reviewed to identify critical requirements of asset regeneration options.
Project plan is developed according to organisational requirements detailing suitable activities that reflect client needs.
Situations requiring specialist advice are identified and support is sought as required according to organisational requirements.

Asset regeneration requirements are reviewed and confirmed with relevant people according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Consultative processes are used to negotiate with relevant people and agree upon project process, objectives and time lines according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Relevant documentation and legislative requirements are sourced and reviewed to identify critical requirements of asset regeneration options.

Completed
Date:

Teacher:

Evidence:

Project plan is developed according to organisational requirements detailing suitable activities that reflect client needs.

Completed
Date:

Teacher:

Evidence:

Situations requiring specialist advice are identified and support is sought as required according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Define assessment criteria.

Industry and other relevant benchmarks are accessed and analysed to establish assessment criteria appropriate to the type and class of asset being assessed.
Types of evidence required to ensure valid and reliable decision making are determined and clearly defined.
Assessment processes are designed which detail the assessment method that will accurately reflect client needs and organisational requirements.
Business equipment and technology are used to organise and document assessment processes in a format suitable for analysis and interpretation.
Feedback from relevant people regarding assessment criteria is collected, analysed and used to validate assessment process.

Industry and other relevant benchmarks are accessed and analysed to establish assessment criteria appropriate to the type and class of asset being assessed.

Completed
Date:

Teacher:

Evidence:

Types of evidence required to ensure valid and reliable decision making are determined and clearly defined.

Completed
Date:

Teacher:

Evidence:

Assessment processes are designed which detail the assessment method that will accurately reflect client needs and organisational requirements.

Completed
Date:

Teacher:

Evidence:

Business equipment and technology are used to organise and document assessment processes in a format suitable for analysis and interpretation.

Completed
Date:

Teacher:

Evidence:

Feedback from relevant people regarding assessment criteria is collected, analysed and used to validate assessment process.

Completed
Date:

Teacher:

Evidence:

Access relevant information.

Relevant information is gathered and organised in a format suitable for analysis and interpretation according to legislative and organisational requirements.
Sources of information relevant to asset regeneration options are identified and accessed according to organisational requirements.
Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.
Appropriate interpersonal techniques are used to access additional information from relevant people according to organisational requirements.
Constraints and opportunities regarding regeneration methods are identified according to organisational requirements.
Business equipment and technology are used to access, analyse and organise information according to organisational requirements.

Relevant information is gathered and organised in a format suitable for analysis and interpretation according to legislative and organisational requirements.

Completed
Date:

Teacher:

Evidence:

Sources of information relevant to asset regeneration options are identified and accessed according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Reliable methods for gathering information are used according to organisational requirements, making efficient use of time and resources.

Completed
Date:

Teacher:

Evidence:

Appropriate interpersonal techniques are used to access additional information from relevant people according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Constraints and opportunities regarding regeneration methods are identified according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Business equipment and technology are used to access, analyse and organise information according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Assess viability of options.

Viability of regeneration options is assessed and decisions are made on preferred option according to organisational requirements.
Gathered information is examined to ensure its quality, validity and reliability according to organisational requirements.
Assessment decision is based on an objective ranking of options against assessment criteria.
Regeneration options are presented in appropriate format, style and structure using suitable business equipment and technology.
Recommendations are verifiable and sufficiently detailed to meet client and organisational requirements.
Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.

Viability of regeneration options is assessed and decisions are made on preferred option according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Gathered information is examined to ensure its quality, validity and reliability according to organisational requirements.

Completed
Date:

Teacher:

Evidence:

Assessment decision is based on an objective ranking of options against assessment criteria.

Completed
Date:

Teacher:

Evidence:

Regeneration options are presented in appropriate format, style and structure using suitable business equipment and technology.

Completed
Date:

Teacher:

Evidence:

Recommendations are verifiable and sufficiently detailed to meet client and organisational requirements.

Completed
Date:

Teacher:

Evidence:

Information is securely maintained with due regard to client confidentiality, and legislative and organisational requirements.

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, the range statement and the Assessment Guidelines for this Training Package.

Overview of assessment	This unit of competency could be assessed through practical demonstration of assessing the viability of regeneration options for property. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment.
Critical aspects for assessment and evidence required to demonstrate competency in this unit	A person who demonstrates competency in this unit must be able to provide evidence of: assessing viability of regeneration options against specific criteria and presenting information on preferred option developing a project plan through consultation and research
	developing assessment criteria using industry benchmarks and feedback knowledge of organisation's practices, ethical standards and legislative requirements associated with assessing the viability of regeneration options for property sourcing and accessing relevant information and identifying constraints and opportunities regarding regeneration methods.
Context of and specific resources for assessment	Resource implications for assessment include: a registered provider of assessment services assessment materials and tools candidate special requirements competency standards cost and time considerations suitable assessment venue and equipment. Where applicable, physical resources should include equipment modified for people with disabilities. Access must be provided to appropriate learning and/or assessment support when required. Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed. Validity and sufficiency of evidence require that: competency will need to be demonstrated over a period of time reflecting the scope of the role and the practical requirements of the workplace where the assessment is part of a structured learning experience the evidence collected must relate to a number of performances assessed at different points in time and separated by further learning and practice with a decision of competence only taken at the point when the assessor has complete confidence in the person's competence all assessment that is part of a structured learning experience must include a combination of direct, indirect and supplementary evidence
	where assessment is for the purpose of recognition (RCC/RPL), the evidence provided will need to be current and show that it represents competency demonstrated over a period of time assessment can be through simulated project-based activity and must include evidence relating to each of the elements in this unit. In all cases activity and must include evidence relating to each of the where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed.

Required Skills and Knowledge


This section describes the essential skills and knowledge and their level, required for this unit.
Required skills: communication skills to negotiate client requirements, consult on options and communicate problems and delays computing skills to access the internet and web pages, prepare and complete online forms, lodge electronic documents and search online databases interpersonal skills to relate to people from a range of social, cultural and ethnic backgrounds and varying physical and mental abilities literacy skills to interpret written and oral information organisational skills to plan and schedule time lines and objectives, and manage project processes problem solving skills to determine factors that may affect property markets and to assess risk research skills to source, analyse and interpret asset and market information technical skills to use software for planning and scheduling tasks, use financial and assessment software and spreadsheets efficiently, and access market information.
Required knowledge and understanding: building control legislation, codes and relevant Australian standards financial analysis and modelling limitations of work role, responsibility and professional abilities market movements OHS issues and requirements organisational and professional procedures, ethical practices and business standards regeneration methods relevant federal and state or territory legislation and local government regulations related to: anti-discrimination consumer protection environmental issues equal employment opportunity (EEO) financial probity franchise and business structures industrial relations OHS privacy property sales, leasing and management relevant local property knowledge sources of industry data.

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 in the performance criteria is detailed below. Add any 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.

Asset may include:	buildings business and marketing contracts equipment furniture goodwill land vehicles.
Regeneration may relate to:	rebuild redecorate redevelop refinance re-fit remodel renovate repackage re-tenant.
Relevant people may include:	architects builders clients legal representatives management and colleagues members of industry associations principals service providers users.
Organisational requirements may be outlined and reflected in:	access and equity principles and practice guidelines business and performance plans complaint and dispute resolution procedures goals, objectives, plans, systems and processes legal and ethical requirements and codes of practice mission statements and strategic plans OHS policies, procedures and programs policies and procedures in relation to client service quality and continuous improvement processes and standards quality assurance and procedure manuals.
Consultative processes may include:	face-to-face meetings telephone, facsimile and written communication.
Relevant documentation may include:	agreements building codes certificates of occupancy contracts leases licences permits plans specifications.
Legislative requirements may be outlined and reflected in:	Australian standards, and quality assurance and certification requirements award and enterprise agreements codes of practice covering the market sector and industry, financial transactions, taxation, environment, construction, land use, native title, zoning, utilities use (water, gas and electricity), and contract or common law home building requirements privacy requirements relevant federal, and state or territory legislation that affects organisational operation, including: anti-discrimination and diversity environmental issues EEO industrial relations OHS strata, community and company titles tenancy agreements trade practices laws and guidelines.
Regeneration options may include:	change of use market reposition refurbishment.
Clients may include:	asset or property agents asset or property owners company management fund managers fund providers government and legal instruments or agencies institutions internal and external property groups owner-occupiers private investors users.
Specialist advice may be sought from:	architects bankers and financiers builders business consultants government officials investment consultants members of industry associations planners real estate agents solicitors subcontractors technical experts valuers.
Benchmarks may include:	comparative analysis discounted cash flow industry association performance index inflation rate internal rate of return life cycle costing published vacancy factors take-up rates tenancy mixes.
Criteria may relate to:	capital growth cash flow degree of compliance with legislation degree of market acceptance financial feasibility foregone income sale realisation potential stated client requirements.
Business equipment and technology may include:	computers data storage devices email facsimile machines internet, extranet and intranet photocopiers printers scanners software applications, including database spreadsheets and word applications.
Feedback may be received through:	clients and their legal representatives management and colleagues.
Relevant information may include information relating to:	agreements building codes company services construction costs current and planned property or site developments deposited, survey and other plans depreciation schedules land title documentation leasing rates legal documentation licences management policy and procedures marketing services occupancy rates operating costs permits rates notices sales information specifications taxation records tenancy and other contracts.
Sources of information may include:	consultants information services press clippings published industry data, including industry indices third parties trade journals.
Interpersonal techniques may include:	active listening clear presentation of options culturally inclusive and sensitive engagement techniques questioning to clarify and confirm understanding two-way interaction use of culturally appropriate language and concepts verbal or non-verbal language.
Methods may include:	analysis of degree of market acceptance capital growth indicators cashflow analysis compliance with legislation financial feasibility studies review of stated client requirements sale realisation potential analysis.

NTISthis.com

Evidence Guide: CPPDSM5004A - Assess viability of regeneration options in the property industry

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

CPPDSM5004A - Assess viability of regeneration options in the property industry

Establish requirements of asset regeneration.

Define assessment criteria.

Access relevant information.

Assess viability of options.

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

Instructions to Assessors

Teacher: ___________________________ Date: _