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Evidence Guide: PSPGEN079 - Undertake strategic financial analysis

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

 

PSPGEN079 - Undertake strategic financial analysis

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

Analyse organisational issues

  1. Identify the financial management implications of the internal and external issues facing the organisation.
  2. Consult internal and external stakeholders and identify the impact of their expectations on financial management.
  3. Analyse information to identify strategic financial management issues and the impact of legislative requirements.
Identify the financial management implications of the internal and external issues facing the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult internal and external stakeholders and identify the impact of their expectations on financial management.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse information to identify strategic financial management issues and the impact of legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ascertain the current resource position of the organisation

  1. Identify existing strategic priorities and confirm their resource requirements.
  2. Asses the economic viability of proposed goals and objectives and identify resource requirements.
  3. Prepare resource assessments to confirm the current resource position and seek endorsement by management.
Identify existing strategic priorities and confirm their resource requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Asses the economic viability of proposed goals and objectives and identify resource requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare resource assessments to confirm the current resource position and seek endorsement by management.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist in identifying and assessing resourcing strategies

  1. Consider the financial implications of alternative resourcing and program delivery strategies.
  2. Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.
Consider the financial implications of alternative resourcing and program delivery strategies.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse organisational issues

  1. Identify the financial management implications of the internal and external issues facing the organisation.
  2. Consult internal and external stakeholders and identify the impact of their expectations on financial management.
  3. Analyse information to identify strategic financial management issues and the impact of legislative requirements.
Identify the financial management implications of the internal and external issues facing the organisation.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult internal and external stakeholders and identify the impact of their expectations on financial management.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse information to identify strategic financial management issues and the impact of legislative requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ascertain the current resource position of the organisation

  1. Identify existing strategic priorities and confirm their resource requirements.
  2. Asses the economic viability of proposed goals and objectives and identify resource requirements.
  3. Prepare resource assessments to confirm the current resource position and seek endorsement by management.
Identify existing strategic priorities and confirm their resource requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Asses the economic viability of proposed goals and objectives and identify resource requirements.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare resource assessments to confirm the current resource position and seek endorsement by management.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assist in identifying and assessing resourcing strategies

  1. Consider the financial implications of alternative resourcing and program delivery strategies.
  2. Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.
Consider the financial implications of alternative resourcing and program delivery strategies.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Analyse organisational issues

1.1 Identify the financial management implications of the internal and external issues facing the organisation.

1.2 Consult internal and external stakeholders and identify the impact of their expectations on financial management.

1.3 Analyse information to identify strategic financial management issues and the impact of legislative requirements.

2. Ascertain the current resource position of the organisation

2.1 Identify existing strategic priorities and confirm their resource requirements.

2.2 Asses the economic viability of proposed goals and objectives and identify resource requirements.

2.3 Prepare resource assessments to confirm the current resource position and seek endorsement by management.

3. Assist in identifying and assessing resourcing strategies

3.1 Consider the financial implications of alternative resourcing and program delivery strategies.

3.2 Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section.

1. Analyse organisational issues

1.1 Identify the financial management implications of the internal and external issues facing the organisation.

1.2 Consult internal and external stakeholders and identify the impact of their expectations on financial management.

1.3 Analyse information to identify strategic financial management issues and the impact of legislative requirements.

2. Ascertain the current resource position of the organisation

2.1 Identify existing strategic priorities and confirm their resource requirements.

2.2 Asses the economic viability of proposed goals and objectives and identify resource requirements.

2.3 Prepare resource assessments to confirm the current resource position and seek endorsement by management.

3. Assist in identifying and assessing resourcing strategies

3.1 Consider the financial implications of alternative resourcing and program delivery strategies.

3.2 Use financial evaluation techniques to assess the effect and financial sensitivity of alternative strategies and program variations.

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.

interpreting organisational information in financial terms

preparing strategies and reports requiring precision of expression

financial assessment and evaluation

applying environmental and work health and safety procedures relating to working in the public sector

Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.

public sector legislation including work health and safety and environment, policies and processes relating to public sector finance

strategic planning processes

undertaking financial evaluation techniques

alternative resourcing strategies

forecasting, financial sensitivity testing and cost-benefit analysis