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Evidence Guide: CUSFIM501A - Secure 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

 

CUSFIM501A - Secure funding for projects

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

Identify financial scope of and potential funding sources for project

  1. Identify and determine the scope and funding needs of project
  2. Identify optimum funding arrangements and possible funding sources for project
  3. Gather information on funding sources, including organisational vision, prior funding initiatives and expected benefits from participation
Identify and determine the scope and funding needs of project

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify optimum funding arrangements and possible funding sources for project

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Gather information on funding sources, including organisational vision, prior funding initiatives and expected benefits from participation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop a project proposal

  1. Plan and critique a project proposal that will attract funding from identified funding sources
  2. Determine optimum method of presenting project proposal to identified funding sources
  3. Clearly define structure of funding plan and interest of various parties and ensure proposal is supported by research from appropriate sources
  4. Seek legal, taxation and regulatory advice where necessary and ensure proposal is checked by appropriate persons to ensure it meets compliance requirements
Plan and critique a project proposal that will attract funding from identified funding sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine optimum method of presenting project proposal to identified funding sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Clearly define structure of funding plan and interest of various parties and ensure proposal is supported by research from appropriate sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek legal, taxation and regulatory advice where necessary and ensure proposal is checked by appropriate persons to ensure it meets compliance requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present proposal and negotiate with funding sources

  1. Present project proposal to funding sources using appropriate presentation techniques
  2. Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations
  3. Negotiate with funding source representatives to clarify terms and conditions of funding agreement
  4. Discuss funding agreement with all parties in a professional manner
Present project proposal to funding sources using appropriate presentation techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate with funding source representatives to clarify terms and conditions of funding agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Discuss funding agreement with all parties in a professional manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise funding agreement

  1. Document funding agreement and circulate to all parties in a timely and effective manner
  2. Establish processes to monitor compliance and report progress against funding agreement
  3. Ensure funding agreement is checked and confirmed by appropriate persons
  4. Identify opportunities for ongoing funding arrangements with funding sources
Document funding agreement and circulate to all parties in a timely and effective manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish processes to monitor compliance and report progress against funding agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure funding agreement is checked and confirmed by appropriate persons

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify opportunities for ongoing funding arrangements with funding sources

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

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

develop viable funding proposals

maintain effective networks with prospective investors

negotiate agreed terms, conditions and interests with all parties to a funding agreement.

Context of and specific resources for assessment

Assessment must ensure:

access to an appropriate environment to develop and present funding proposals

access to appropriate sources of information to prepare and support funding proposals

access to appropriate technology to research funding sources and use industry-current software

access to relevant creative arts industry networks

use of culturally appropriate processes, and techniques appropriate to the language and literacy capacity of learners and the work being performed.

Method of assessment

The following assessment methods are appropriate for this unit:

case studies to assess ability to research funding sourcesand apply information to persuasive project proposals

direct observation of candidate preparing a project proposal and negotiating a funding agreement

authenticated copies of funding proposals prepared by the candidate

written or oral questioning to assess knowledge of potential funding sources and channels through which funding opportunities are publicised

problem-solving activities to assess ability to estimate and calculate project costs.

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.

Required Skills and Knowledge

Required skills

research techniques sufficient to access information from reliable sources to support project proposals

literacy skills sufficient to prepare project proposals and funding agreements

numeracy skills sufficient to:

analyse funding incentives and tax concession schemes

develop structured funding plans

estimate and calculate the resource requirements of a project proposal

communication skills sufficient to:

conduct negotiations to clarify terms and conditions of funding agreements

establish and maintain relationships with prospective investors

present funding proposals to prospective investors

learning skills sufficient to evaluate and improve own presentation techniques

planning and organisational skills sufficient to envisage project milestones and monitor project compliance

problem-solving skills sufficient to identify and plan for factors affectingcompletion of projecttasks within deadlines

self-management skills sufficient to work within specified timelines

technology skills sufficient to use industry-current financial and spreadsheet software

Required knowledge

approaches used to successfully identify and attract funding opportunities in the creative arts industry

broad knowledge of key creative arts industry terminology

compliance requirements of funding agreements in the creative arts industry

copyright, moral rights, intellectual property and legislation, and their impact on the creative arts industry

professional behaviour and ethics as they apply to the creative arts industry

OHS requirements relevant to project work in the creative arts industry

range of potential funding sources and channels through which funding opportunities are publicised in the creative arts industry

sources of information on the creative arts industry and ways of maintaining current industry knowledge

issues and challenges that typically arise in the context of securing funding for projects

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, if used in the performance criteria, is detailed below. 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) may also be included.

Projects may include:

commercial

print advertisement

corporate video

feature film or video

filmed event or performance

interactive media product, e.g. CD, DVD and podcast

internet production, e.g. website sound

music recording or video

promotional trailer

radio broadcast

short film or video

television program, e.g. documentary

training film or video.

Funding sources may include:

commissioning bodies

community organisations

corporate contributors

early adopters

enterprises

financial institutions

government departments

individuals

professional organisations

prospective investors

special public funding programs

sponsors

suppliers.

Project proposal may include:

analysis of benefits and profile of opportunities

compliance requirements, including legal, regulatory, reporting and taxation

cost estimates

creative and managerial experience of proponents

creative possibilities of project

demonstrable outcomes

funding plan

level of risk

likely chances of success

operational and marketing plan

overview and objectives

project timelines and milestones

projected financial performance

promotional and profiling opportunities

proposed interest of various parties:

acknowledgments

percentage of profits

product placement

share of copyright

purpose and amount of required finance.

Sources may include:

discussions with current industry practitioners

discussions with industry associations

electronic and print media providing:

articles

journals

magazines

news

reviews

subscriptions

government funding programs and publications

industrial relations publications, such as:

bulletins

letters

magazines

newsletters

industry publications, such as:

directories

information sheets

reference books

technical publications

internet

libraries and archives

suppliers of products and services

tender search organisations

training programs, seminars, workshops, master classes and professional development opportunities.

Appropriate persons may include:

business and financial managers

community representatives

copyright representatives

employee association and union representatives

financial advisers

industry association representatives

industry managers

legal advisers

mentors

professionals from allied areas.

Funding agreement may include:

compliance monitoring arrangements

reporting and review requirements

rights and responsibilities of all parties

terms and conditions of agreement.