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Evidence Guide: CPPDSM6007 - Develop life cycle asset management plans

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

 

CPPDSM6007 - Develop life cycle asset management plans

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

Determine asset management objectives.

  1. Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.
  2. Strategic plans and other information are obtained and asset management issues analysed.
  3. Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.
  4. Monitoring and reporting arrangements for asset management activities are determined.
  5. Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.
  6. Applicable industry, organisational and legislative requirements are interpreted and complied with.
Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Strategic plans and other information are obtained and asset management issues analysed.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitoring and reporting arrangements for asset management activities are determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Applicable industry, organisational and legislative requirements are interpreted and complied with.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct strategic analysis.

  1. Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.
  2. Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.
  3. Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.
  4. Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.
Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Design support processes.

  1. Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.
  2. Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.
  3. Quality assurance goals and strategies are determined.
  4. Draft asset management plan is prepared using business equipment and technology.
Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Quality assurance goals and strategies are determined.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Draft asset management plan is prepared using business equipment and technology.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and evaluate asset management plan.

  1. Asset management plan is reviewed and evaluated.
  2. Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.
  3. Evaluation results are prepared.
  4. Recommendations for improving strategy are presented to management within agreed timeframes.
Asset management plan is reviewed and evaluated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluation results are prepared.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Recommendations for improving strategy are presented to management within agreed timeframes.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions.

1.

Determine asset management objectives.

1.1.

Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.

1.2.

Strategic plans and other information are obtained and asset management issues analysed.

1.3.

Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.

1.4.

Monitoring and reporting arrangements for asset management activities are determined.

1.5.

Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.

1.6.

Applicable industry, organisational and legislative requirements are interpreted and complied with.

2.

Conduct strategic analysis.

2.1.

Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.

2.2.

Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.

2.3.

Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.

2.4.

Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.

3.

Design support processes.

3.1.

Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.

3.2.

Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.

3.3.

Quality assurance goals and strategies are determined.

3.4.

Draft asset management plan is prepared using business equipment and technology.

4.

Review and evaluate asset management plan.

4.1.

Asset management plan is reviewed and evaluated.

4.2.

Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.

4.3.

Evaluation results are prepared.

4.4.

Recommendations for improving strategy are presented to management within agreed timeframes.

Required Skills and Knowledge

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions.

1.

Determine asset management objectives.

1.1.

Asset management objectives are assessed and clarified using appropriate research and survey techniques and consultative processes.

1.2.

Strategic plans and other information are obtained and asset management issues analysed.

1.3.

Roles and responsibilities associated with developing an asset management plan are clearly defined and documented.

1.4.

Monitoring and reporting arrangements for asset management activities are determined.

1.5.

Information is reviewed to ensure accuracy, and a detailed budget and sinking fund forecast are prepared.

1.6.

Applicable industry, organisational and legislative requirements are interpreted and complied with.

2.

Conduct strategic analysis.

2.1.

Information on current and future asset requirements is accessed and evaluated according to organisational policies and procedures.

2.2.

Economic trends and market developments are identified and evaluated in terms of potential factors that may impact on asset management objective.

2.3.

Comparative market data is obtained and analysis undertaken using standard financial analysis techniques.

2.4.

Risks and contingencies are identified and quantified according to industry standards, precedents and techniques.

3.

Design support processes.

3.1.

Key performance criteria for measuring the achievement of objectives and strategies are developed and incorporated into asset management plan.

3.2.

Financial, physical and human resources to support the asset management plan are determined and organised within budget parameters.

3.3.

Quality assurance goals and strategies are determined.

3.4.

Draft asset management plan is prepared using business equipment and technology.

4.

Review and evaluate asset management plan.

4.1.

Asset management plan is reviewed and evaluated.

4.2.

Systematic review processes are established and evaluation methods used to assess strategic processes and outcomes.

4.3.

Evaluation results are prepared.

4.4.

Recommendations for improving strategy are presented to management within agreed timeframes.

A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.

The person must also develop a life cycle asset management plan for one property-related asset.

In doing the above, the person must:

conduct a risk analysis and evaluate potential factors that may impact on asset management objectives

establish asset management objectives

apply knowledge of organisation’s practices, ethical standards and legislative requirements associated with developing a life cycle asset management plan

formulate, review and evaluate an asset management strategy

prepare a detailed budget outlining resource requirements to support asset management activities.

A person demonstrating competency in this unit must demonstrate knowledge of:

asset life cycle

asset management plans

basic knowledge of property contracts and administrative requirements

building codes and Australian standards relating to life cycle asset management plans

building construction practice

common hazards to public and personal safety associated with particular types of maintenance work in buildings

industry benchmarks for maintenance procedures

limitations of own work role, responsibilities and professional abilities

organisational and professional procedures, ethical practices and business standards

property-related assets

key requirements of federal, state or territory legislation and local government regulations relating to asset management, including building control legislation

work health and safety (WHS) issues and requirements relating to developing life cycle asset management plans.

Range Statement

This section specifies work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Bold italicised wording, if used in the performance criteria, is detailed below.

Assets must be dynamic or static and include at least one of the following:

buildings

equipment

furniture

goodwill

land

property

vehicles.

Asset management activities must include at least one of the following:

accounting, including cost accounting

asset creation and acquisition

asset maintenance

asset strategies

audit and management reviews

condition and performance monitoring

disposals

information and support systems

operations

renewals.