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Evidence Guide: MEM30023A - Prepare a simple cost estimate for a manufactured product

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

 

MEM30023A - Prepare a simple cost estimate for a manufactured product

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

Obtain tender/cost estimate requirements

  1. Tender/cost estimate brief is obtained within established organisational framework, procedures and routines.
  2. Key requirements are identified.
  3. Assistance/approval from supervisor is obtained.
Tender/cost estimate brief is obtained within established organisational framework, procedures and routines.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Key requirements are identified.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assistance/approval from supervisor is obtained.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Prepare a simple cost estimate

  1. Relevant costing data is identified and interpreted from the tender/cost estimate documents.
  2. Organisational production costs are obtained.
  3. Cost estimates are prepared according to established organisational framework, procedures and routines.
  4. Assistance/approval from supervisor is obtained.
Relevant costing data is identified and interpreted from the tender/cost estimate documents.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Organisational production costs are obtained.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Cost estimates are prepared according to established organisational framework, procedures and routines.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assistance/approval from supervisor is obtained.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Verify cost estimate

  1. Actual cost information is sourced from a completed tender/cost estimate project.
  2. Actual costs are compared with estimated cost to identify deviations.
  3. A report is prepared for supervisors to explain deviations according to established organisational framework, procedures and routines.
  4. Assistance/approval from supervisor is obtained.
Actual cost information is sourced from a completed tender/cost estimate project.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Actual costs are compared with estimated cost to identify deviations.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

A report is prepared for supervisors to explain deviations according to established organisational framework, procedures and routines.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assistance/approval from supervisor is obtained.

Completed
Date:

Teacher:
Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

A person who demonstrates competency in this unit must be able to prepare a simple cost estimate for a manufactured product.

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Assessors must be satisfied that the candidate can competently and consistently perform all elements of the unit as specified by the criteria, including required knowledge, and be capable of applying the competency in new and different situations and contexts.

Context of and specific resources for assessment

This unit may be assessed on the job, off the job or a combination of both. Where assessment occurs off the job, i.e. the candidate is not in productive work, an appropriate simulation must be used where the range of conditions reflects realistic workplace situations. The competencies covered by this unit would be demonstrated by an individual working alone or as part of a team. The assessment environment should not disadvantage the candidate.

This unit could be assessed in conjunction with any other units addressing the safety, quality, communication, materials handling, recording and reporting associated with preparing a simple cost estimate for a manufactured product, or other units requiring the exercise of the skills and knowledge covered by this unit.

Method of assessment

Assessors should gather a range of evidence that is valid, sufficient, current and authentic. Evidence can be gathered through a variety of ways including direct observation, supervisor's reports, project work, samples and questioning. Questioning techniques should not require language, literacy and numeracy skills beyond those required in this unit of competency. The candidate must have access to all tools, equipment, materials and documentation required. The candidate must be permitted to refer to any relevant workplace procedures, product and manufacturing specifications, codes, standards, manuals and reference materials.

Guidance information for assessment

Required Skills and Knowledge

Required skills

Look for evidence that confirms skills in:

undertaking numerical operations, geometry and calculations/formulae within the scope of this unit

reading, interpreting and following information on written job instructions, specifications, standard operating procedures and other applicable reference documents

undertaking simple report writing

planning and sequencing operations

checking and clarifying task-related information

Required knowledge

Look for evidence that confirms knowledge of:

overview of the impact on cost estimates of:

product manufacture

demand vs. capability

make-or-buy

market-demand-price-competition

cost control

product costs

materials

resource consumption (water, power, etc.)

labour

standard time/usage

margins, profit/loss

using proforma estimate sheets

using estimates as targets

impact of value adding non value adding activities

lead times associated with:

raw material availability

equipment, tool design and commissioning

prototypes and trial builds

estimating processes

use of contract documents - drawings, specifications

consideration of general conditions and any special conditions

application of resources costs - hourly rates (labour, plant, material, subcontractors)

contingency costs

allowance for contract variations

hazards and control measures associated with preparing a simple cost estimate for a manufactured product, including allowing for housekeeping, safe work practices and procedures

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, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Simple cost estimate

Based on known production and material costs

Cost can be estimated using a limited number of variables

Estimate relates to a discrete product with a limited number of operations for manufacture

Tender/cost estimate brief

May include project guidelines and instructions, internal or external requirements, information from tender/contract documents, drawing specifications

Key requirements

May include timing, budget, resources, output, special conditions

Deviations

Reported as fractions or percentages, does not include standard deviations, six sigma etc.