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Evidence Guide: LGACOM601A - Acquire and dispose of assets

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

 

LGACOM601A - Acquire and dispose of assets

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

Plan to introduce new assets

  1. Clear need for asset is demonstrated based on strategic or customer requirements.
  2. Alternative options are identified.
  3. Level of service in relation to demand, reliability, quality and life span of asset is assessed.
  4. All costs relating to life cycle of the asset are predicted.
  5. Planning strategies clearly identify how life cycle costs are to be funded.
  6. Performance of assets and probability of failure for aggregated and individual assets are predicted.
  7. Planning decisions are analysed for cost options.
Clear need for asset is demonstrated based on strategic or customer requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Alternative options are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Level of service in relation to demand, reliability, quality and life span of asset is assessed.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

All costs relating to life cycle of the asset are predicted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Planning strategies clearly identify how life cycle costs are to be funded.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Performance of assets and probability of failure for aggregated and individual assets are predicted.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Planning decisions are analysed for cost options.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Conduct project evaluation

  1. Costs for new service or service levels are compared with alternative options to enable selection of option that best satisfies need.
  2. Costs for new services or service levels are assessed as justifiable in terms of benefits.
Costs for new service or service levels are compared with alternative options to enable selection of option that best satisfies need.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Costs for new services or service levels are assessed as justifiable in terms of benefits.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine acquisition and supply strategy

  1. Acquisition and supply strategy is determined to clearly define key asset deliverables.
Acquisition and supply strategy is determined to clearly define key asset deliverables.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Collect asset information for management system

  1. Commissioning lists are completed and life cycle condition monitoring and maintenance programs are set up.
  2. Asset management systems are implemented.
  3. All documentation recording relevant details on the asset is collected.
Commissioning lists are completed and life cycle condition monitoring and maintenance programs are set up.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Asset management systems are implemented.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

All documentation recording relevant details on the asset is collected.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Plan for disposal of surplus assets

  1. Current condition and ultimate failure mode of asset are confirmed.
  2. Availability of asset/components for disposal is assessed in terms of current usage, potential usage and availability of alternative service options.
  3. Book value and accumulated depreciation of asset are identified to enable profit/loss on disposal to be calculated.
  4. Barriers to disposal of asset are identified.
  5. Methods of disposal are identified and assessed against organisational and legislative requirements and costs.
Current condition and ultimate failure mode of asset are confirmed.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Availability of asset/components for disposal is assessed in terms of current usage, potential usage and availability of alternative service options.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Book value and accumulated depreciation of asset are identified to enable profit/loss on disposal to be calculated.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Barriers to disposal of asset are identified.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Methods of disposal are identified and assessed against organisational and legislative requirements and costs.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Dispose of assets

  1. Assets are disposed of in line with legislative requirements.
  2. Disposal of assets is conducted in line with council's renewal and replacement policies.
Assets are disposed of in line with legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Disposal of assets is conducted in line with council's renewal and replacement policies.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Overview of assessment requirements

A person who demonstrates competency in this unit will be able to perform the outcomes described in the Elements to the required performance level detailed in the Performance Criteria. The knowledge and skill requirements described in the Range Statement must also be demonstrated. For example, knowledge of the legislative framework and safe work practices that underpin the performance of the unit are also required to be demonstrated.

Critical aspects of evidence to be considered

Demonstration of need for asset and consideration of full range of alternatives.

Costing to include all life cycle costs.

Collection of asset information and implementation of asset management systems.

Adequate planning for disposal of assets.

Disposal of assets in line with all requirements, including relevant environmental and sustainability practices.

Context of assessment

On the job or in a simulated work environment.

Relationship to other units(prerequisite or co-requisite units)

Prerequisite units: nil.

To enable holistic assessment this unit may be assessed with other units that form part of the job role in particular:

LGAGOVA614B Monitor and maintain quality of asset management system

Method of assessment

The following assessment methods are suggested:

observation of the learner performing a range of workplace tasks over sufficient time to demonstrate handling of a range of contingencies

written and/or oral questioning to assess knowledge and understanding

completion of workplace documentation

third-party reports from experienced practitioners

completion of self-paced learning materials including personal reflection and feedback from trainer, coach or supervisor.

Evidence required for demonstration of consistent performance

Evidence will need to be gathered over time across a range of variables depending on council work flow and planning cycle as long as the critical aspects of evidence can be demonstrated. Assessment is best demonstrated by submission of a documented strategy outlining the steps involved in asset acquisition and disposal.

Resource implications

Access to a workplace or simulated case study on purchase and disposal. In off-the-job situations students must have access to:

relevant data on asset costs

relevant legislation

council policies

asset management software

Required Skills and Knowledge

This describes the essential skills and knowledge and their level, required for this unit

Required Skills

planning

analysing

assessing

decision making

evaluating

completing documentation

Required Knowledge

financial functions of asset register

council policy

legislative requirements of acquisition and disposal

compensation legislation

state or territory environmental planning and assessment acts

local government legislation and other relevant legislation

strategies, policies and procedures on sustainable practice

asset management software

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 in the Performance Criteria is detailed below.

Assets may include:

all non-current structures or items of plant or equipment that provide service potential or future economic benefit

Life cycle costs may include:

development

design

purchase and/or construction

operation

maintenance

disposal

Cost options may include:

adjust level of service

change maintenance regime

reduce demand or growth in demand to avoid capacity failure

Asset acquisition/creation may include:

the provision of, or improvement to, an asset where the outlay can reasonably be expected to provide benefits beyond the year of outlay

Relevant details to be documented may include:

cost of asset

projected life cycle costs

Barriers to disposal of assets may include:

legal

physical

environmental

social

heritage

Methods of disposal may include:

sale

donation

exchange

cannibalism of products/assets

Council policies relating to disposal may include:

environmental

sustainability

heritage