Manage physical assets

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 SITXFIN007A, 'Manage physical assets'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Manage physical assets' 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




Develop strategies for systematic maintenance, repair and purchase of physical assets.


Develop strategies for managing physical assets that reflect overall business and marketing objectives of the organisation.


Evaluate current and potential financial objectives and constraints in developing asset management strategies.


Integrate all OHS requirements into physical asset management.


Develop and maintain an accurate and current physical assets register as part of the asset management strategy.


Incorporate maintenance and repair regimes that minimise disruption and loss of revenue and involve appropriate specialists.


Integrate practices to support environmental sustainability into physical asset management practices.


Monitor the condition and performance of physical assets in the workplace.


Establish and implement systems to ensure that the condition and performance of physical assets are regularly reported and discussed within the organisation.


Establish and implement systems to identify timely replacement of physical assets.


Make assessments of physical asset performance based on safety, operational efficiency, customer service quality and input from colleagues.


Identify physical asset problems promptly and take appropriate action.


Evaluate need for and access specialist assistance when required.


Coordinate financing of physical assets.


Prepare accurate work or equipment specifications to guide the acquisition process.


Estimate acquisition costs based on evaluation of current, accurate and relevant data, including supplier quotations and estimates.


Make appropriate decisions on the acquisition of physical assets according to organisation policies and procedures.


Select methods of financing to meet current organisation financial objectives based on an analysis of internal and external factors.


Implement the financing process in consultation with key stakeholders and appropriate financial specialists.


Make and keep accurate records of all financial agreements and related documents.

Qualifications and Skillsets

SITXFIN007A appears in the following qualifications:

  • CUS50309 - Diploma of Music Business
  • CUS60309 - Advanced Diploma of Music Business
  • CUS60209 - Advanced Diploma of Sound Production
  • CUS50209 - Diploma of Sound Production
  • SIT60207 - Advanced Diploma of Events
  • SIT60307 - Advanced Diploma of Hospitality
  • SIT50307 - Diploma of Hospitality
  • CUE60303 - Advanced Diploma of Stage Management
  • CUE60203 - Advanced Diploma of Live Production, Theatre and Events (Technical Production)
  • CUE60403 - Advanced Diploma of Venues and Events