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Evidence Guide: MEA132 - Manage budgetary resources in the aviation maintenance environment

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

 

MEA132 - Manage budgetary resources in the aviation maintenance environment

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

Plan a budget

  1. Workplace resource needs are identified and documented
  2. Resource needs are costed
  3. Budget document is prepared and processed in accordance with organisational requirements
Workplace resource needs are identified and documented

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Resource needs are costed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget document is prepared and processed in accordance with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Manage the acquisition and allocation of budgetary resources

  1. Systems for monitoring expenditure are maintained
  2. Budgets are monitored to ensure expenditure is within targets
  3. Appropriate technology is applied to the resource management system
  4. Changing priorities are identified and discussed with applicable personnel
  5. Budget document is amended in response to changing activities or costs
  6. Accountability requirements are satisfied
Systems for monitoring expenditure are maintained

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budgets are monitored to ensure expenditure is within targets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Appropriate technology is applied to the resource management system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Changing priorities are identified and discussed with applicable personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Budget document is amended in response to changing activities or costs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Accountability requirements are satisfied

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate and report budget outcomes

  1. Expenditure against planned budget is evaluated
  2. Impacts on financial changes/constraints on work unit objectives are evaluated and documented
  3. Report on expenditure/budget is prepared in accordance with organisational policies and procedures
Expenditure against planned budget is evaluated

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Impacts on financial changes/constraints on work unit objectives are evaluated and documented

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Report on expenditure/budget is prepared in accordance with organisational policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

Elements describe the essential outcomes.

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

1.

Plan a budget

1.1

Workplace resource needs are identified and documented

1.2

Resource needs are costed

1.3

Budget document is prepared and processed in accordance with organisational requirements

2.

Manage the acquisition and allocation of budgetary resources

2.1

Systems for monitoring expenditure are maintained

2.2

Budgets are monitored to ensure expenditure is within targets

2.3

Appropriate technology is applied to the resource management system

2.4

Changing priorities are identified and discussed with applicable personnel

2.5

Budget document is amended in response to changing activities or costs

2.6

Accountability requirements are satisfied

3.

Evaluate and report budget outcomes

3.1

Expenditure against planned budget is evaluated

3.2

Impacts on financial changes/constraints on work unit objectives are evaluated and documented

3.3

Report on expenditure/budget is prepared in accordance with organisational policies and procedures

Required Skills and Knowledge

Elements describe the essential outcomes.

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

1.

Plan a budget

1.1

Workplace resource needs are identified and documented

1.2

Resource needs are costed

1.3

Budget document is prepared and processed in accordance with organisational requirements

2.

Manage the acquisition and allocation of budgetary resources

2.1

Systems for monitoring expenditure are maintained

2.2

Budgets are monitored to ensure expenditure is within targets

2.3

Appropriate technology is applied to the resource management system

2.4

Changing priorities are identified and discussed with applicable personnel

2.5

Budget document is amended in response to changing activities or costs

2.6

Accountability requirements are satisfied

3.

Evaluate and report budget outcomes

3.1

Expenditure against planned budget is evaluated

3.2

Impacts on financial changes/constraints on work unit objectives are evaluated and documented

3.3

Report on expenditure/budget is prepared in accordance with organisational policies and procedures

Evidence required to demonstrate competency in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria under the specified conditions of assessment on at least one occasion, and must include:

financial management

monitoring

evaluation and decision making

mathematical calculation.

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

organisational budgetary processes

tasking over the period of the budget

requirements in Civil Aviation Safety Regulations (CASRs) regarding financial status of maintenance organisations

fraud and ethics.

Range Statement

This field allows for different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included.

Workplace resource needs include:

Personnel

Finance

Equipment

Facilities

Items of aeronautical product

Breakdown spares and materials

Consumables

Budgets include:

Annual

Length of project/activity

Quarterly

For another period of time, as required

Systems for monitoring expenditure include:

Paper-based systems

Computerised systems

Receipts and invoices

Quotes