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Evidence Guide: DEFFIN008 - Provide financial management for materiel acquisition 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!

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DEFFIN008 - Provide financial management for materiel acquisition projects

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

Produce management reports

  1. Assess stakeholder needs
  2. Compile data for end of period report
  3. Coordinate the update of variance reports
  4. Reconcile data with authoritative data
  5. Review data for accuracy, validity and relevance
Assess stakeholder needs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compile data for end of period report

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Coordinate the update of variance reports

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Reconcile data with authoritative data

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review data for accuracy, validity and relevance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide input for asset management

  1. Process asset and inventory financial transactions
  2. Undertake Asset-Under-Construction assessments
  3. Review financial asset and inventory transactions for accuracy
  4. Develop and manage a costing model
Process asset and inventory financial transactions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake Asset-Under-Construction assessments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review financial asset and inventory transactions for accuracy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and manage a costing model

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide financial management support for procurements

  1. Provide financial input for inclusion in procurement documentation
  2. Undertake financial aspects of value for money assessment of supplier proposals
  3. Provide input into contract development
  4. Provide financial advice to procurement team
  5. Review contract changes proposals for financial implications
Provide financial input for inclusion in procurement documentation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake financial aspects of value for money assessment of supplier proposals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide input into contract development

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide financial advice to procurement team

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review contract changes proposals for financial implications

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Support the development of acquisition and sustainment agreements

  1. Provide financial and costing advice
  2. Review financial aspects
  3. Assist with the development of change proposals
  4. Provide financial management input into progress reviews
Provide financial and costing advice

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review financial aspects

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist with the development of change proposals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide financial management input into progress reviews

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Produce management reports

1.1

Assess stakeholder needs

1.2

Compile data for end of period report

1.3

Coordinate the update of variance reports

1.4

Reconcile data with authoritative data

1.5

Review data for accuracy, validity and relevance

2

Provide input for asset management

2.1

Process asset and inventory financial transactions

2.2

Undertake Asset-Under-Construction assessments

2.3

Review financial asset and inventory transactions for accuracy

2.4

Develop and manage a costing model

3

Provide financial management support for procurements

3.1

Provide financial input for inclusion in procurement documentation

3.2

Undertake financial aspects of value for money assessment of supplier proposals

3.3

Provide input into contract development

3.4

Provide financial advice to procurement team

3.5

Review contract changes proposals for financial implications

4

Support the development of acquisition and sustainment agreements

4.1

Provide financial and costing advice

4.2

Review financial aspects

4.3

Assist with the development of change proposals

4.4

Provide financial management input into progress reviews

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Produce management reports

1.1

Assess stakeholder needs

1.2

Compile data for end of period report

1.3

Coordinate the update of variance reports

1.4

Reconcile data with authoritative data

1.5

Review data for accuracy, validity and relevance

2

Provide input for asset management

2.1

Process asset and inventory financial transactions

2.2

Undertake Asset-Under-Construction assessments

2.3

Review financial asset and inventory transactions for accuracy

2.4

Develop and manage a costing model

3

Provide financial management support for procurements

3.1

Provide financial input for inclusion in procurement documentation

3.2

Undertake financial aspects of value for money assessment of supplier proposals

3.3

Provide input into contract development

3.4

Provide financial advice to procurement team

3.5

Review contract changes proposals for financial implications

4

Support the development of acquisition and sustainment agreements

4.1

Provide financial and costing advice

4.2

Review financial aspects

4.3

Assist with the development of change proposals

4.4

Provide financial management input into progress reviews

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

applying risk management tools and techniques

developing budgeting models

identifying financial implications of risks in arrangements

identifying cost drivers

managing stakeholder relationships

negotiating with stakeholders

performing financial reconciliations

producing comprehensive reports

providing technical financial advice

using complex spreadsheet formulas and functions.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

basic accounting concepts, including operating, expensed and capitalised costs

cost drivers

different stages of a project

project closure process

relevant legislation and organisation policies

the acquisition process

the acquisition and sustainment agreement development process.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.