Apply cost management techniques

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBPMG403A, 'Apply cost management techniques'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Apply cost management techniques' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria



1. Assist with the development of the project budget

1.1. Determine estimated costs for tasks and activities and communicate these costs to others for inclusion in project budget

1.2. Map costs against duration/effort and resources allocated, and communicate to project manager for inclusion in the project plan, budget and expenditure flow

1.3. Contribute to the development of cost management strategies and processes, and financial authorisation within delegated authority

2. Monitor project costs

2.1. Monitor income and expenditure against the agreed project plan and budgets to facilitate cost management throughout the project life cycle

2.2. Use established cost management methods, techniques and tools to identify and report variations in the budget to higher project authority for action

2.3. Implement and monitor agreed actions and report progress to others to ensure cost objectives are achieved throughout the project life cycle

3. Contribute to cost finalisation process

3.1. Provide assistance in the finalisation and transfer of financial assets, liabilities and records to the client or relevant operational support agency

3.2. Provide assistance in the review of project outcomes by use of project records, to determine the effectiveness of initial and subsequent cost management strategies and processes

3.3. Report cost management issues and responses to project/program manager for application in future projects

Qualifications and Skillsets

BSBPMG403A appears in the following qualifications:

  • FNS40610 - Certificate IV in Accounting
  • BSB41507 - Certificate IV in Project Management
  • PSP41204 - Certificate IV in Government (Project Management)
  • AUM40108 - Certificate IV in Automotive Manufacturing - Automotive Development (Passenger Motor Vehicle)
  • LMT50607 - Diploma of Fashion and Textiles Merchandising
  • LMT41207 - Certificate IV in Fashion and Textiles Merchandising
  • LMT60507 - Advanced Diploma of Fashion and Textiles Merchandising