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Evidence Guide: FNSACC605 - Implement organisational improvement programs

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

 

FNSACC605 - Implement organisational improvement programs

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

Review programs

  1. Compare program costs and estimates with budget allocations and financial projections
  2. Analyse impact of revenue, cost and operational changes on program, together with project completion costs plus program objectives and estimate using standard financial analysis and resource management techniques
  3. Evaluate program outcomes and performance against objectives to identify variations, contingencies and scope for review and development
  4. Assess financing options, including costs, timeframes and expected returns, against program goals and objectives
Compare program costs and estimates with budget allocations and financial projections

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse impact of revenue, cost and operational changes on program, together with project completion costs plus program objectives and estimate using standard financial analysis and resource management techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate program outcomes and performance against objectives to identify variations, contingencies and scope for review and development

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess financing options, including costs, timeframes and expected returns, against program goals and objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Contribute to strategic development

  1. Develop long-term financial objectives and resource management objectives to support organisational goals and aims
  2. Identify trends and environmental factors through consultation and use of standard financial analysis and resource management techniques
  3. Make realistic assessments of financial and resource management implications of external influencing factors on future objectives and present position
  4. Evaluate organisational strengths and weaknesses against external relationships and environmental factors
Develop long-term financial objectives and resource management objectives to support organisational goals and aims

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify trends and environmental factors through consultation and use of standard financial analysis and resource management techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make realistic assessments of financial and resource management implications of external influencing factors on future objectives and present position

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate organisational strengths and weaknesses against external relationships and environmental factors

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop options for improvement

  1. Identify causes of variations in projected organisational outcomes, and develop and implement appropriate contingency plans to minimise losses
  2. Regularly review organisational plans to encompass changes to operational environment and assess factors influencing achievement of objectives
  3. Identify and evaluate improvement options against organisational weaknesses
Identify causes of variations in projected organisational outcomes, and develop and implement appropriate contingency plans to minimise losses

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Regularly review organisational plans to encompass changes to operational environment and assess factors influencing achievement of objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and evaluate improvement options against organisational weaknesses

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish systems to support change

  1. Ensure strategic reviews monitor program allocations, including analysis of resource management needs, information technology needs and management processes
  2. Monitor expenditure and revenue items to ensure compliance with budget and variations identified
  3. Systematically communicate aims and goals of identified changes to staff and personnel using recognised communication processes and techniques
  4. Ensure information on changes is readily available, and develop procedures and guidelines to promote absorption of changes into organisational practices
Ensure strategic reviews monitor program allocations, including analysis of resource management needs, information technology needs and management processes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor expenditure and revenue items to ensure compliance with budget and variations identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Systematically communicate aims and goals of identified changes to staff and personnel using recognised communication processes and techniques

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure information on changes is readily available, and develop procedures and guidelines to promote absorption of changes into organisational practices

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. Review programs

1.1 Compare program costs and estimates with budget allocations and financial projections

1.2 Analyse impact of revenue, cost and operational changes on program, together with project completion costs plus program objectives and estimate using standard financial analysis and resource management techniques

1.3 Evaluate program outcomes and performance against objectives to identify variations, contingencies and scope for review and development

1.4 Assess financing options, including costs, timeframes and expected returns, against program goals and objectives

2. Contribute to strategic development

2.1 Develop long-term financial objectives and resource management objectives to support organisational goals and aims

2.2 Identify trends and environmental factors through consultation and use of standard financial analysis and resource management techniques

2.3 Make realistic assessments of financial and resource management implications of external influencing factors on future objectives and present position

2.4 Evaluate organisational strengths and weaknesses against external relationships and environmental factors

3. Develop options for improvement

3.1 Identify causes of variations in projected organisational outcomes, and develop and implement appropriate contingency plans to minimise losses

3.2 Regularly review organisational plans to encompass changes to operational environment and assess factors influencing achievement of objectives

3.3 Identify and evaluate improvement options against organisational weaknesses

4. Establish systems to support change

4.1 Ensure strategic reviews monitor program allocations, including analysis of resource management needs, information technology needs and management processes

4.2 Monitor expenditure and revenue items to ensure compliance with budget and variations identified

4.3 Systematically communicate aims and goals of identified changes to staff and personnel using recognised communication processes and techniques

4.4 Ensure information on changes is readily available, and develop procedures and guidelines to promote absorption of changes into organisational practices

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. Review programs

1.1 Compare program costs and estimates with budget allocations and financial projections

1.2 Analyse impact of revenue, cost and operational changes on program, together with project completion costs plus program objectives and estimate using standard financial analysis and resource management techniques

1.3 Evaluate program outcomes and performance against objectives to identify variations, contingencies and scope for review and development

1.4 Assess financing options, including costs, timeframes and expected returns, against program goals and objectives

2. Contribute to strategic development

2.1 Develop long-term financial objectives and resource management objectives to support organisational goals and aims

2.2 Identify trends and environmental factors through consultation and use of standard financial analysis and resource management techniques

2.3 Make realistic assessments of financial and resource management implications of external influencing factors on future objectives and present position

2.4 Evaluate organisational strengths and weaknesses against external relationships and environmental factors

3. Develop options for improvement

3.1 Identify causes of variations in projected organisational outcomes, and develop and implement appropriate contingency plans to minimise losses

3.2 Regularly review organisational plans to encompass changes to operational environment and assess factors influencing achievement of objectives

3.3 Identify and evaluate improvement options against organisational weaknesses

4. Establish systems to support change

4.1 Ensure strategic reviews monitor program allocations, including analysis of resource management needs, information technology needs and management processes

4.2 Monitor expenditure and revenue items to ensure compliance with budget and variations identified

4.3 Systematically communicate aims and goals of identified changes to staff and personnel using recognised communication processes and techniques

4.4 Ensure information on changes is readily available, and develop procedures and guidelines to promote absorption of changes into organisational practices

Evidence of the ability to:

review programs using standard financial analysis management techniques

contribute to strategic development through development or implementation of strategic plans

develop and document options for improvement

establish systems to support and communicate change.

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:

discuss issues of organisational compliance with legislation

identify and explain the key features of financial legislation relevant to taxable transactions and reporting requirements

compare and contrast financial planning and analysis techniques

outline the key features of recording and information management systems

identify the key principles of:

cost–benefit analysis

internal control, including statutory requirements

resource management.