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Unit of competency details

LGACOR010 - Oversee asset management strategy (Release 1)

Summary

Usage recommendation:
Current
Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 10/Feb/2021

Companion volumes:
Unit of competency Assessment requirements

Delivery:
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Training packages that include this unit

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Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080301 Business Management  09/Apr/2021 
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Unit of competency

Modification History

Not applicable.

Application

This unit describes the performance outcomes, skills and knowledge required to oversee a council asset management strategy as an elected member in local government.

This unit applies to individuals who have been elected to office in local government including councillors and mayors.

The skills in this unit must be applied in accordance with Commonwealth and State or Territory legislation, Australian standards and industry codes of practice.

No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.

Competency Field

Not applicable.

Unit Sector

Not applicable.

Elements and Performance Criteria

ELEMENTS 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes

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

1. Prepare for asset management strategy oversight.

1.1. Read and interpret legislation to determine asset management strategy oversight requirements relevant to elected members.

1.2. Collaborate with other elected members to identify asset management strategy oversight issues.

1.3. Source, interpret, discuss, analyse and report on information that informs asset management strategy oversight decisions.

2. Make asset management oversight decisions.

2.1. Propose, evaluate and discuss alternative asset management strategy oversight solutions.

2.2. Review proposed asset management strategy oversight decisions to determine implications for implementation.

2.3. Support asset management strategy oversight decisions that represent and promote community interests.

2.4. Collaborate with other elected members to make informed asset management strategy oversight decisions.

2.5. Interpret, review and adopt long term asset management plan according to legislative requirements.

2.6. Set asset management strategy policies to achieve council vision.

2.7. Allocate resources to asset management strategy oversight decisions.

3. Review asset management decisions.

3.1. Monitor, discuss, analyse and report on implementation and outcomes of asset management strategy oversight decisions.

3.2. Collaborate with other elected members to instigate reviews where asset management strategy oversight decision outcomes are not met.

3.3. Identify own contribution to asset management strategy oversight decision making to identify and act on opportunities for improvement.

Foundation Skills

Foundation skills essential to performance in this unit, but not explicit in the performance criteria are listed here, along with a brief context statement.

SKILLS 

DESCRIPTION 

Reading skills to:
  • interpret asset management legislation and documents relevant to asset management strategy oversight.

Oral communications skills to:
  • negotiate with and influence others
  • resolve conflict
  • respect and represent diversity.

Numeracy skills to:
  • read, interpret and discuss financial information including financial models and forecasts
  • read, interpret and discuss statistical information.

Problem-solving skills to:
  • solve problems in collaboration with others.

Teamwork skills to:
  • work with other elected members and council staff to contribute to asset management strategy oversight decision making.

Technology skills to:
  • access organisational documents relevant to asset management from electronic sources.

Unit Mapping Information

No equivalent unit.

Links

Companion Volume Implementation Guide are available in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=0388d502-0fc3-49d9-a06e-c95893d7

 

Assessment requirements

Modification History

Not applicable.

Performance Evidence

Evidence of the ability to complete tasks outlined in elements and performance criteria of this unit in the context of the job role, and:

  • establish one asset management strategy policy
  • make, allocate resources to and review one asset management strategy oversight decision.

Knowledge Evidence

Demonstrated knowledge required to complete the tasks outlined in elements and performance criteria of this unit:

  • organisational policies and procedures applicable to asset management strategy oversight as an elected member in local government
  • federal, state and local government legislation applicable to asset management strategy oversight
  • benefits of asset management
  • principles of strategic asset management
  • life cycle management processes
  • risk management practices applicable to asset management
  • principles of best practice asset management
  • principles of good governance related to asset management strategy oversight
  • financial models and forecasts and implications for asset management strategy oversight and decision making
  • asset management strategy oversight decisions requiring mandatory community consultation
  • requirements for implementation of asset management strategy oversight decisions
  • requirements for and implications of statutory delegation of council decisions
  • requirements for matters of privilege and confidentiality
  • decision making criteria:
  • community acceptance and support
  • community values
  • conflict of interest
  • cost
  • council responsibilities
  • ethics
  • feasibility
  • risk
  • collaborative decision making.

Assessment Conditions

Skills must be demonstrated in the workplace or in a simulated work environment that reflects workplace conditions in a local government environment.

Assessment must ensure access to:

  • local government legislation
  • local government policies and procedures applicable to elected members
  • elected member code of conduct
  • elected members and council staff.

Assessors must satisfy the Standards for Registered Training Organisations' requirements for assessors.

Links

Companion Volume Implementation Guide are available in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=0388d502-0fc3-49d9-a06e-c95893d7

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