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Evidence Guide: MSTFD6001 - Evaluate commercial viability of designs

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

 

MSTFD6001 - Evaluate commercial viability of designs

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

Determine job requirements

  1. Follow standard operating procedures (SOPs)
  2. Comply with work health and safety (WHS) requirements at all times
  3. Use appropriate personal protective equipment (PPE) in accordance with SOPs
  4. Determine job requirements from specifications, job sheets or work instructions
Follow standard operating procedures (SOPs)

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Comply with work health and safety (WHS) requirements at all times

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use appropriate personal protective equipment (PPE) in accordance with SOPs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine job requirements from specifications, job sheets or work instructions

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare to evaluate commercial viability

  1. Analyse current business plan and identify business objectives and financial targets to review business position
  2. Review business practices, past products and records of commercial success to assess relevance for future developments
  3. Identify workplace criteria for measuring commercial success of products
  4. Identify potential designs and assess their ability to meet client or target market needs and expectations
  5. Analyse costing and production strategies of designs and assess alignment of designs to business goals and practices
Analyse current business plan and identify business objectives and financial targets to review business position

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business practices, past products and records of commercial success to assess relevance for future developments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify workplace criteria for measuring commercial success of products

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify potential designs and assess their ability to meet client or target market needs and expectations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse costing and production strategies of designs and assess alignment of designs to business goals and practices

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Select designs for commercial development

  1. Identify workplace criteria for selection of designs
  2. Analyse designs against selection criteria
  3. Consult senior management in selection of designs
  4. Determine which designs will be developed for commercial production
Identify workplace criteria for selection of designs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse designs against selection criteria

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult senior management in selection of designs

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Determine which designs will be developed for commercial production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish evaluation mechanism

  1. Establish financial targets for design production
  2. Implement monitoring systems to measure progress of design production and return
  3. Evaluate design selection against commercial targets
  4. Document findings and file according to workplace procedures
Establish financial targets for design production

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement monitoring systems to measure progress of design production and return

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate design selection against commercial targets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document findings and file according to workplace 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

Determine job requirements

1.1

Follow standard operating procedures (SOPs)

1.2

Comply with work health and safety (WHS) requirements at all times

1.3

Use appropriate personal protective equipment (PPE) in accordance with SOPs

1.4

Determine job requirements from specifications, job sheets or work instructions

2

Prepare to evaluate commercial viability

2.1

Analyse current business plan and identify business objectives and financial targets to review business position

2.2

Review business practices, past products and records of commercial success to assess relevance for future developments

2.3

Identify workplace criteria for measuring commercial success of products

2.4

Identify potential designs and assess their ability to meet client or target market needs and expectations

2.5

Analyse costing and production strategies of designs and assess alignment of designs to business goals and practices

3

Select designs for commercial development

3.1

Identify workplace criteria for selection of designs

3.2

Analyse designs against selection criteria

3.3

Consult senior management in selection of designs

3.4

Determine which designs will be developed for commercial production

4

Establish evaluation mechanism

4.1

Establish financial targets for design production

4.2

Implement monitoring systems to measure progress of design production and return

4.3

Evaluate design selection against commercial targets

4.4

Document findings and file according to workplace procedures

Required Skills and Knowledge

Elements describe the essential outcomes.

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

1

Determine job requirements

1.1

Follow standard operating procedures (SOPs)

1.2

Comply with work health and safety (WHS) requirements at all times

1.3

Use appropriate personal protective equipment (PPE) in accordance with SOPs

1.4

Determine job requirements from specifications, job sheets or work instructions

2

Prepare to evaluate commercial viability

2.1

Analyse current business plan and identify business objectives and financial targets to review business position

2.2

Review business practices, past products and records of commercial success to assess relevance for future developments

2.3

Identify workplace criteria for measuring commercial success of products

2.4

Identify potential designs and assess their ability to meet client or target market needs and expectations

2.5

Analyse costing and production strategies of designs and assess alignment of designs to business goals and practices

3

Select designs for commercial development

3.1

Identify workplace criteria for selection of designs

3.2

Analyse designs against selection criteria

3.3

Consult senior management in selection of designs

3.4

Determine which designs will be developed for commercial production

4

Establish evaluation mechanism

4.1

Establish financial targets for design production

4.2

Implement monitoring systems to measure progress of design production and return

4.3

Evaluate design selection against commercial targets

4.4

Document findings and file according to workplace procedures

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

reading and following work instructions, standard operating procedures (SOPs) and safe work practices

applying relevant standards

reviewing business position, business practices, past products and records of commercial success to assess relevance for future developments

identifying potential designs and assessing their ability to meet client or target market needs and expectations

analysing costing and production strategies of designs to check if they align to business goals and workplace procedures

following established communication protocols to consult senior management to select at least two (2) designs that are suitable to be developed for commercial production

establishing and monitoring financial targets and evaluating design selection process and outcomes against commercial targets

documenting findings and filing according to workplace procedures.

Evidence must be provided that demonstrates knowledge of:

specifications for commercial viability

relevant Australian Standards

business goals and strategies

business practices

costing and production strategies

commercial success criteria

practices and procedures for costing design production

industry trends and market practices

financial monitoring system

quality practices

workplace practices

recording and reporting practices.

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 procedures include one or more of the following:

requirements prescribed by legislation, awards, agreements and conditions of employment

SOPs

work instructions

PPE

oral, written and visual communication

quality practices, including responsibility for maintenance of own work quality and contribution to quality improvement of team or section output

housekeeping

tasks related to environmental protection, waste disposal, pollution control and recycling

WHS requirements

Australian Standards include:

the relevant industry or Australian Standards that are current at the time this unit is being undertaken

Current business practices include one or more of the following:

use of in-house; cut, make and trim (CMT) and offshore production suppliers

use of expertise external to organisation

development of organisational image and market position

pricing and budget strategies

marketing and sales strategies

Commercial success criteria include two or more of the following:

potential financial return

alignment with business goals and corporate image

client acceptance

availability of materials and resources for production

suitability of production processes

marketing potential

place in the market and product life cycle

production costs and timelines