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Evidence Guide: TLIP5036 - Manage assets

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

 

TLIP5036 - Manage assets

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

Determine asset classification and identification

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Asset register format is determined on basis of current needs and business plan, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Compatible classification system that meets asset accounting and asset management needs is selected, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Value thresholds for assets to be recorded in the asset register are determined, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record and value assets

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Specified details of all material assets are identified and recorded, in accordance with asset management policies and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assets are recorded in compliance with legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Condition of each asset is determined, in accordance with manufacturer specifications, and legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Useful/residual life of each asset is determined, in accordance with manufacturer specifications and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Current value of each asset based on valid and reliable information is calculated, in accordance with legislative and company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain asset management system

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Records are continuously updated to record asset purchases, loss, damage or disposal, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Periodic audits are conducted to ensure accuracy of asset register, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Asset management system is periodically reviewed to ensure it is supporting business needs, in accordance with company requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Training to support effective management and maintenance of the asset register is provided, in accordance with company requirements

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.

1

Determine asset classification and identification

1.1

Asset register format is determined on basis of current needs and business plan, in accordance with company requirements

1.2

Compatible classification system that meets asset accounting and asset management needs is selected, in accordance with company requirements

1.3

Value thresholds for assets to be recorded in the asset register are determined, in accordance with company requirements

2

Record and value assets

2.1

Specified details of all material assets are identified and recorded, in accordance with asset management policies and procedures

2.2

Assets are recorded in compliance with legislative and company requirements

2.3

Condition of each asset is determined, in accordance with manufacturer specifications, and legislative and company requirements

2.4

Useful/residual life of each asset is determined, in accordance with manufacturer specifications and company requirements

2.5

Current value of each asset based on valid and reliable information is calculated, in accordance with legislative and company requirements

3

Maintain asset management system

3.1

Records are continuously updated to record asset purchases, loss, damage or disposal, in accordance with company requirements

3.2

Periodic audits are conducted to ensure accuracy of asset register, in accordance with company requirements

3.3

Asset management system is periodically reviewed to ensure it is supporting business needs, in accordance with company requirements

3.4

Training to support effective management and maintenance of the asset register is provided, in accordance with company requirements

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

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

1

Determine asset classification and identification

1.1

Asset register format is determined on basis of current needs and business plan, in accordance with company requirements

1.2

Compatible classification system that meets asset accounting and asset management needs is selected, in accordance with company requirements

1.3

Value thresholds for assets to be recorded in the asset register are determined, in accordance with company requirements

2

Record and value assets

2.1

Specified details of all material assets are identified and recorded, in accordance with asset management policies and procedures

2.2

Assets are recorded in compliance with legislative and company requirements

2.3

Condition of each asset is determined, in accordance with manufacturer specifications, and legislative and company requirements

2.4

Useful/residual life of each asset is determined, in accordance with manufacturer specifications and company requirements

2.5

Current value of each asset based on valid and reliable information is calculated, in accordance with legislative and company requirements

3

Maintain asset management system

3.1

Records are continuously updated to record asset purchases, loss, damage or disposal, in accordance with company requirements

3.2

Periodic audits are conducted to ensure accuracy of asset register, in accordance with company requirements

3.3

Asset management system is periodically reviewed to ensure it is supporting business needs, in accordance with company requirements

3.4

Training to support effective management and maintenance of the asset register is provided, in accordance with company requirements

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

applying relevant legislation and workplace procedures

communicating and working effectively with others when managing assets

completing documentation related to managing assets

determining organisational needs in the implementation and management of an asset register

interpreting and following operational instructions and prioritising work

reading and interpreting instructions, procedures, information and signs relevant to managing assets

recording asset data accurately.

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 knowledge of:

different types of asset management systems and their strengths and weaknesses

relevant sections of national and state/territory regulatory requirements and codes of practice

requirements for completing relevant documentation such as asset registers

types of valuation methodologies and their usefulness in different contexts.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions can be found in the Companion Volume Implementation Guide.