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Evidence Guide: CUSFIN01A - Finance a project

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

 

CUSFIN01A - Finance a project

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

Clarify the financial scope of the project

  1. Identify what the proposal to be financed involves and determine the scope and funding needs of the project
  2. Determine the stage of the project at which finance is to be sought
  3. Determine the level of funding required and identify the optimum funding arrangements
Identify what the proposal to be financed involves and determine the scope and funding needs of the project

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine the stage of the project at which finance is to be sought

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine the level of funding required and identify the optimum funding arrangements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify sources of finance

  1. Research possible sources of finance
  2. Find out how the proposal should be structured to attract the funding from a particular source
  3. Determine which sources of funding apply to the type of project proposed and decide which funding source to approach
Research possible sources of finance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Find out how the proposal should be structured to attract the funding from a particular source

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine which sources of funding apply to the type of project proposed and decide which funding source to approach

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop the proposal

  1. Decide on the approach to take in the submission and collect material to support the proposal
  2. Prepare proposal to include:
Decide on the approach to take in the submission and collect material to support the proposal

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare proposal to include:

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

overview of the project and objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

the purpose and amount of finance required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

the proposed structure of the project operation

Completed
Date:

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the operational and marketing plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

projected financial performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

management and creative experience involved

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

level of risk involved

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

other appropriate sections depending on the needs of the particular project

  1. Develop the proposal in best form to attract funding from the chosen source
  2. Include estimates of costs and benefits supported by valid and relevant information
  3. Define the structure of the funding plan and the proposed interest of the various parties
Develop the proposal in best form to attract funding from the chosen source

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Include estimates of costs and benefits supported by valid and relevant information

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Define the structure of the funding plan and the proposed interest of the various parties

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain legal advice

  1. Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal
  2. Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements
Seek legal advice on all aspects of the proposal such as tax structure, rights and responsibilities and incorporate the advice into the funding proposal

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Submit the final proposal for advice on compliance with legal, tax and regulatory requirements and get final agreement checked by the lawyers to ensure that it meets the requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Present the proposal to funding body or prospective investors

  1. Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project
  2. Evaluate the presentation to identify strengths and weaknesses to inform subsequent presentations
Make an effective presentation to the funding body or prospective investors using appropriate communication techniques, to explain the details of the proposal emphasising the creative possibilities and the benefits of the project

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Negotiate terms and conditions of investment

  1. Conduct negotiations with representatives of the funding body or prospective investors to determine terms and conditions of the grant/investment
  2. Conduct meetings to discuss financial proposals in a professional and businesslike manner
Conduct negotiations with representatives of the funding body or prospective investors to determine terms and conditions of the grant/investment

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct meetings to discuss financial proposals in a professional and businesslike manner

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Finalise formal agreement

  1. Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement
  2. Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible.
  3. Determine reporting and review process required and set up processes for monitoring compliance with the agreement
  4. Include consultation with the legal adviser in the finalisation of the agreement
Finalise agreement including accurate information on rights and responsibilities of all parties to the funding agreement and document agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Circulate documents detailing funding agreement and terms and conditions of the agreement to all stakeholders as quickly as possible.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine reporting and review process required and set up processes for monitoring compliance with the agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Include consultation with the legal adviser in the finalisation of the agreement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Underpinning knowledge and skills

Assessment must include evidence of essential knowledge of, and skills in, the following areas:

the structure of the industry

the range of funding sources

good communications and presentation skills

any incentive or tax concession schemes

high level negotiation skills

Linkages to other units

This unit has strong linkages to the following units and combined training delivery and/or assessment is recommended:

CUEFIN1A Develop a budget

CUSGEN05A Make presentations

CUSADM07A Establish and maintain work/contractual

relationships

CUEFIN03A Obtain sponsorship

Critical aspects of evidence

The following evidence is critical to the judgement of competence in this unit:

the development of a professional and appropriate proposal for funding

ability to negotiate at a high level with funding bodies or investors

Method and context of assessment

Assessment may take place on the job, off the job or a combination of both of these. However, assessment of this unit would most effectively be undertaken on the job due to the specific workplace environment requirements. Off the job assessment must be undertaken in a closely simulated workplace environment.

Assessment may incorporate a range of methods to assess performance and the application of essential underpinning knowledge, and might include:

case studies

work samples or simulated workplace activities

oral questioning/interview

projects/reports/logbooks

third party reports and authenticated prior achievements

portfolios of evidence

Resource requirements

This unit requires access to the sources of information needed to prepare the funding proposal. There is no specialist equipment required apart from access to a computer and appropriate software.

Key Competencies

Level

Collecting, organising and analysing information

3

Communicating ideas and information

3

Planning and organising activities

3

Working with others and in teams

3

Solving problems

3

Using mathematical ideas and techniques

3

Using technology

2

Required Skills and Knowledge

Not applicable.

Range Statement

Range of variables

Variable

Scope

Funding bodies may include:

Government departments

enterprises

individuals

professional organisations

finance institutions

special public funding programs

Projects may include:

feature films

short films

documentaries

radio programs

multimedia games

multimedia education and training programs

advertisements

and a range of other projects

Interest in the project may be:

percentage of profits

share of copyright

product placement

acknowledgments