Develop public sector financial strategies

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 PSPFIN603A, 'Develop public sector financial strategies'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Develop public sector financial strategies' 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. Develop linkages between strategic planning outcomes and financial management processes

1.1 Financial management authority and autonomy are provided within organisational and program structures to enable outcomes to be achieved.

1.2 Financial processes are structured to ensure manageable linkages to program outputs while retaining internal controls in accordance with organisational policy and procedures.

1.3 Activities to be funded/managed are organised into programs and sub-programs to reflect logical groupings of organisational objectives that address current government policy and strategy.

1.4 Linkages to outputs and outcomes are developed in accordance with the organisation's business and longer term plans.

2. Establish and maintain a financial risk management strategy

2.1 Current and potential risk exposures are identified and measured, including alternative profiles.

2.2 Cost effective policies and procedures for minimising and managing exposures are implemented and monitored.

2.3 Financial risk management policies and practices are documented and reviewed in accordance with organisational requirements.

2.4 Learning, development and support needs are identified and resourced to assist staff to effectively manage risk.

3. Establish and maintain a taxation strategy

3.1 Exposure to applicable State/Territory and Federal taxes is determined and a strategy to increase taxation awareness within the organisation is developed in accordance with organisational requirements.

3.2 Timely strategic taxation advice is sourced/provided and used in the development of the strategy.

3.3 A cost effective strategy is established/maintained to capture, quantify, minimise and pay taxation liabilities in accordance with law.

4. Establish resource requirements in financial terms

4.1 Resource requirements are determined in terms of physical assets and human resources in accordance with program requirements.

4.2 Financial analysis techniques are used to evaluate and approve alternative and new resource allocation proposals.

4.3 Processes are established to allocate resources efficiently, effectively and economically in accordance with prioritised strategic and operational plans.

4.4 Service delivery requirements are established in accordance with program requirements.

4.5 A strategic asset plan is developed, submitted for approval and maintained in accordance with organisational requirements.

5. Develop financial bids and estimates

5.1 Organisational initiatives are costed and bids/estimates are prepared in accordance with budgetary processes and requirements.

5.2 Bids/estimates are linked to organisational priorities, based on substantiated information and logical assumptions and take account of resource constraints and organisational needs.

5.3 Bids/estimates are developed to reflect outstanding liabilities and receipt collections and are prepared to meet critical submission dates.

5.4 Supporting documentation is prepared to justify bids/estimates in accordance with budget guidelines.

Qualifications and Skillsets

PSPFIN603A appears in the following qualifications:

  • PSP60304 - Advanced Diploma of Government (Financial Management)