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Evidence Guide: MSACMT230A - Apply cost factors to work practices

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

 

MSACMT230A - Apply cost factors to work practices

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

Identify in own work area major cost components of product or process

  1. Identify cost components in the product or process in own work area
  2. Recognise the impact of current or alternative actions on costs
Identify cost components in the product or process in own work area

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Recognise the impact of current or alternative actions on costs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify constraints to cost efficiency

  1. Identify required production/process rate and major costs
  2. Identify costs factors under the control of the individual or team
  3. Relate identified costs factors to impact on overall cost of production/process
  4. Identify cost factors that are a constraint to cost efficiency in own work area
Identify required production/process rate and major costs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify costs factors under the control of the individual or team

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Relate identified costs factors to impact on overall cost of production/process

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify cost factors that are a constraint to cost efficiency in own work area

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply cost efficient work practices

  1. Express the implications of possible actions/changes to improve cost efficiency in simple financial terms
  2. Identify non-financial implications of proposed changes in discussion with relevant people
  3. Select actions which minimise overall costs
  4. Monitor actions to ensure cost efficiency in own work area is maintained
Express the implications of possible actions/changes to improve cost efficiency in simple financial terms

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify non-financial implications of proposed changes in discussion with relevant people

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select actions which minimise overall costs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor actions to ensure cost efficiency in own work area is maintained

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, the range statement and the assessment guidelines for this training package.

Overview of assessment requirements

The person will as part of their routine decision making aim to minimise costs. There should be evidence of their doing so.

What are the specific resource requirements for this unit?

Access to a workplace implementing competitive manufacturing strategies. No other specific resources are required.

What critical aspects of evidence are required to demonstrate competency in this unit?

Evidence of being able to identify costs factors relevant to an individual's job.

Evidence of having made appropriate decisions to minimise overall costs.

In what context should assessment occur?

Assessment will need to occur in a workplace or by use of a work based case study.

Are there any other units which could or should be assessed with this unit or which relate directly to this unit?

This unit may be assessed concurrently with appropriate units on continuous improvement.

What method of assessment should apply?

Assessors must be satisfied that the person can consistently perform the unit as a whole, as defined by the Elements, Performance Criteria, skills and knowledge. A holistic approach should be taken to the assessment.

Assessors should gather sufficient, fair, valid, reliable, authentic and current evidence from a range of sources. Sources of evidence may include direct observation, reports from supervisors, peers and colleagues, project work, samples, organisation records and questioning. Assessment should not require language, literacy or numeracy skills beyond those required for the unit.

The assessee will have access to all techniques, procedures, information, resources and aids which would normally be available in the workplace.

The method of assessment should be discussed and agreed with the assessee prior to the commencement of the assessment.

What evidence is required for demonstration of consistent performance?

Evidence should be available over a period of time or from more than one process or product.

Required Skills and Knowledge

Required skills

basic numeracy

problem solving

communication

Required knowledge

cost components of products made

costs concepts such as expense and income

major cost contributors to product (eg energy)

the difference between internally and externally controlled costs

difference between overhead, labour and consumables

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.

Cost components

Cost components include fixed and variable costs such as power/energy, materials, plant and equipment, production or process time including impact on salary and wages, office expenses such as telephone and government taxes and charges.

Process

Process may include a production, maintenance, logistics or office process in a manufacturing environment.

Overall cost

Overall cost may include the assessment of negative and positive financial implications. It also includes negative long term issues, such as Occupational Health and Safety (OHS), environmental and regulatory issues.