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Evidence Guide: CUAFIM501 - Source funding for projects

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

 

CUAFIM501 - Source funding for projects

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

Investigate funding opportunities for project

  1. Determine the scope and funding needs of project
  2. Calculate optimum funding arrangements
  3. Research potential funding sources and the activities they support, eligibility and selection processes
Determine the scope and funding needs of project

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Calculate optimum funding arrangements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Research potential funding sources and the activities they support, eligibility and selection processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop a funding proposal

  1. Summarise the proposed project, the purpose of funding and the amount sought
  2. Determine project timelines and budget breakdown
  3. Prepare funding documentation
  4. Collate additional materials and testimonials to support request for funding
  5. Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary
  6. Prepare return on investment information for potential investors
Summarise the proposed project, the purpose of funding and the amount sought

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine project timelines and budget breakdown

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare funding documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Collate additional materials and testimonials to support request for funding

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare return on investment information for potential investors

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Pitch project and funding request

  1. Plan and document presentation approach and intended outcomes
  2. Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience
  3. Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation
  4. Present proposal using persuasive communication techniques to secure audience interest
  5. Respond to audience questions on central ideas and concepts
  6. Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations
Plan and document presentation approach and intended outcomes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present proposal using persuasive communication techniques to secure audience interest

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to audience questions on central ideas and concepts

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Examine terms and conditions of potential funding

  1. Review funding agreement and clarify terms and conditions of funding
  2. Ascertain reporting requirements
  3. Establish processes to monitor compliance and report project progress
Review funding agreement and clarify terms and conditions of funding

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ascertain reporting requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish processes to monitor compliance and report project progress

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. Investigate funding opportunities for project

1.1 Determine the scope and funding needs of project

1.2 Calculate optimum funding arrangements

1.3 Research potential funding sources and the activities they support, eligibility and selection processes

2. Develop a funding proposal

2.1 Summarise the proposed project, the purpose of funding and the amount sought

2.2 Determine project timelines and budget breakdown

2.3 Prepare funding documentation

2.4 Collate additional materials and testimonials to support request for funding

2.4 Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary

2.5 Prepare return on investment information for potential investors

3. Pitch project and funding request

3.1 Plan and document presentation approach and intended outcomes

3.2 Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience

3.3 Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation

3.4 Present proposal using persuasive communication techniques to secure audience interest

3.5 Respond to audience questions on central ideas and concepts

3.6 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

4. Examine terms and conditions of potential funding

4.1 Review funding agreement and clarify terms and conditions of funding

4.2 Ascertain reporting requirements

4.3 Establish processes to monitor compliance and report project progress

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. Investigate funding opportunities for project

1.1 Determine the scope and funding needs of project

1.2 Calculate optimum funding arrangements

1.3 Research potential funding sources and the activities they support, eligibility and selection processes

2. Develop a funding proposal

2.1 Summarise the proposed project, the purpose of funding and the amount sought

2.2 Determine project timelines and budget breakdown

2.3 Prepare funding documentation

2.4 Collate additional materials and testimonials to support request for funding

2.4 Arrange an independent review of funding proposal and seek tax and regulatory advice where necessary

2.5 Prepare return on investment information for potential investors

3. Pitch project and funding request

3.1 Plan and document presentation approach and intended outcomes

3.2 Choosepresentation strategies, format and delivery methodsthat match thecharacteristicsof the target audience

3.3 Selectpresentation aids, materialsandtechniquesthat suit the format and purpose of the presentation

3.4 Present proposal using persuasive communication techniques to secure audience interest

3.5 Respond to audience questions on central ideas and concepts

3.6 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

4. Examine terms and conditions of potential funding

4.1 Review funding agreement and clarify terms and conditions of funding

4.2 Ascertain reporting requirements

4.3 Establish processes to monitor compliance and report project progress

Evidence of the ability to:

research funding sources

develop viable funding proposals

prepare and deliver project pitch using effective presentation strategies and communication techniques

interpret funding agreements.

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:

explain the range of potential funding sources and the channels through which they are publicised

describe project proposal information required to support request for funding

explain key features of a project pitch

outline issues and challenges that typically arise in the context of securing funding for projects and how they might be overcome.