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Evidence Guide: CUAFIM401 - Obtain revenue to support operations

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!

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CUAFIM401 - Obtain revenue to support operations

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

Set revenue-raising goals

  1. Identify potential revenue sources from a range of information sources
  2. Identify factors that may affect the suitability of potential revenue sources
  3. Evaluate suitability of revenue sources in relation to own or organisational overall vision
  4. Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people
  5. Determine how and from which sources revenue will be raised
Identify potential revenue sources from a range of information sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify factors that may affect the suitability of potential revenue sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate suitability of revenue sources in relation to own or organisational overall vision

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine how and from which sources revenue will be raised

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement revenue-raising strategies

  1. Identify processes to follow to access potential revenue
  2. Build and maintain positive relationships with key stakeholders who can provide financial support
  3. Coordinate development of funding proposals
  4. Negotiate terms and conditions of funding agreements
  5. Clarify commitments made by both parties and communicate these to relevant people
Identify processes to follow to access potential revenue

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Build and maintain positive relationships with key stakeholders who can provide financial support

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Coordinate development of funding proposals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate terms and conditions of funding agreements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clarify commitments made by both parties and communicate these to relevant people

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate revenue-raising strategies

  1. Monitor all arrangements to ensure compliance with funding requirements
  2. Review the impact of funding on self or the organisation
  3. Review priorities and revenue-raising strategies and amend as required
Monitor all arrangements to ensure compliance with funding requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review the impact of funding on self or the organisation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review priorities and revenue-raising strategies and amend as required

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. Set revenue-raising goals

1.1 Identify potential revenue sources from a range of information sources

1.2 Identify factors that may affect the suitability of potential revenue sources

1.3 Evaluate suitability of revenue sources in relation to own or organisational overall vision

1.4 Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people

1.5 Determine how and from which sources revenue will be raised

2. Implement revenue-raising strategies

2.1 Identify processes to follow to access potential revenue

2.2 Build and maintain positive relationships with key stakeholders who can provide financial support

2.3 Coordinate development of funding proposals

2.4 Negotiate terms and conditions of funding agreements

2.5 Clarify commitments made by both parties and communicate these to relevant people

3. Evaluate revenue-raising strategies

3.1 Monitor all arrangements to ensure compliance with funding requirements

3.2 Review the impact of funding on self or the organisation

3.3 Review priorities and revenue-raising strategies and amend as required

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. Set revenue-raising goals

1.1 Identify potential revenue sources from a range of information sources

1.2 Identify factors that may affect the suitability of potential revenue sources

1.3 Evaluate suitability of revenue sources in relation to own or organisational overall vision

1.4 Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people

1.5 Determine how and from which sources revenue will be raised

2. Implement revenue-raising strategies

2.1 Identify processes to follow to access potential revenue

2.2 Build and maintain positive relationships with key stakeholders who can provide financial support

2.3 Coordinate development of funding proposals

2.4 Negotiate terms and conditions of funding agreements

2.5 Clarify commitments made by both parties and communicate these to relevant people

3. Evaluate revenue-raising strategies

3.1 Monitor all arrangements to ensure compliance with funding requirements

3.2 Review the impact of funding on self or the organisation

3.3 Review priorities and revenue-raising strategies and amend as required

Evidence of the ability to:

develop and document a plan that outlines strategies to raise revenue for a given organisation or practice

research revenue-raising opportunities relevant to the organisation or practice

coordinate the development of a funding proposal

monitor and review revenue-raising strategies.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

describe sources of information for potential funding

explain typical avenues through which revenue can be raised in the relevant industry context and their typical objectives and expectations:

outline a wide range of methods used by visual arts practitioners and organisations to generate revenue

discuss emerging trends and different models for revenue-raising activities

explain issues and challenges that typically arise in revenue raising activities

explain the key obligations generally associated with funding agreements, including:

legal requirements to supply services as contracted and ramifications of failure to comply

audit of expenditure

reporting requirements.