Unit of competency details

AHCMOM601 - Analyse machinery options (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 27/Jun/2016

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to AHCMOM601A - Analyse machinery optionsThis unit is equivalent to AHCMOM601A Analyse machinery options 26/Jun/2016


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080321 Farm Management And Agribusiness  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080321 Farm Management And Agribusiness  14/Oct/2016 
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Unit Of competency

Modification History

Release

TP Version

Comment

1

AHCv1.0

Initial release

Application

This unit of competency describes the skills and knowledge required to analyse machinery options within an agricultural, horticultural or land management enterprise.

All work must be carried out to comply with workplace procedures, work health and safety requirements and manufacturer’s specifications.

This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They analyse information and exercise judgement to complete a range of advanced skilled activities. They work in contexts that are subject to change and adapt a range of fundamental principles accordingly.

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

Pre-requisite Unit

Nil.

Unit Sector

Machinery operation and maintenance (MOM)

Elements and Performance Criteria

Element

Performance criteria

Elements describe the essential outcomes.

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

1. Calculate costs associated with machinery use

1.1 Calculate overhead, operating and intangible costs related to machinery

1.2 Source and compare relevant benchmark data that relates machinery costs to enterprise productivity to own enterprise data

1.3 Make comparison of productivity and suitability of different types and brands of machinery

2. Review machinery requirements

2.1 Review machinery inventory in the context of the goals of the business and current and future productivity and profitability levels

2.2 Identify, cost and evaluate alternatives to ownership

2.3 Identify tax impact of the capital investment through appropriate professional support and incorporated into the analysis

2.4 Assess and control risks associated with high capital investment in machinery in making machinery decisions

3. Analyse returns from major capital investments in machinery

3.1 Use capital budgeting techniques including energy efficiency to calculate the rate of return on major investment decisions

3.2 Review machinery options plan and analysis and record changes

Foundation Skills

Foundation Skills essential to performance are explicit in the performance criteria of this unit of competency.

Range of Conditions

Unit Mapping Information

This unit is equivalent to AHCMOM601A Analyse machinery options.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

 

Assessment requirements

Modification History

Release

TP Version

Comment

1

AHCv1.0

Initial release

Performance Evidence

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

  • calculate costs associated with machinery
  • review machinery inventory and requirement
  • evaluate and cost options
  • assessing investment risk
  • budget and incorporate benchmarks
  • calculate returns from major capital investments in machinery
  • compare the productivity and suitability of different types and brands of machinery
  • analyse the financial costs, tax impact and investment risk for different types of machinery
  • document the analysis and defining the preferred option
  • review the investment plan and analysis of options

Knowledge Evidence

The candidate must demonstrate knowledge of:

  • benchmarking practices and procedures, including energy efficiency, carbon footprint and water use efficiency
  • capital budgeting techniques
  • relevant taxation provisions relating to investment
  • risks associated with investments
  • analysis and planning processes

Assessment Conditions

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=c6399549-9c62-4a5e-bf1a-524b2322cf72

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