Unit of competency details

CPPDSM3007 - Identify risks and opportunities in the property industry (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 06/May/2016

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to CPPDSM3007B - Identify risks and opportunities in the property industryReplaces superseded equivalent CPPDSM3007B Identify risks and opportunities in the property industry 05/May/2016


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080503 Real Estate  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080503 Real Estate  14/Oct/2016 
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form

Unit Of competency

Modification History

Release 1.

Replaces superseded equivalent CPPDSM3007B Identify risks and opportunities in the property industry.

This version first released with CPP Property Services Training Package Version 5.

Application

This unit of competency specifies the outcomes required to identify risks and opportunities in the property industry. It requires the ability to identify key assets and business systems, identify risks associated with asset and system use, and document and report identified risks and opportunities.

The unit supports the work involved in identifying risks and opportunities to maintain effective use of assets and business systems. It applies to all people working in the property industry.

Licensing, legislative, regulatory or certification requirements apply to this unit in some States and Territories. Relevant state and territory regulatory authorities should be consulted to confirm those requirements.

Pre-requisite Unit

Nil

Competency Field

Strata community management

Unit Sector

Property services

Elements and Performance Criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions.

1.

Identify risks and opportunities in relation to assets and business systems.

1.1.

Client and organisational assets and business systems to be analysed for risk and opportunities are identified.

1.2.

Potential risks  to and opportunities  for clients and organisation are identified and confirmed with relevant people in line with organisational requirements.

1.3.

Relevant legislative requirements, insurance, codes and standards applicable to use of assets  and business systems  are identified and examined to identify potential risks and opportunities.

1.4.

Limitations  in identifying risks and opportunities are identified and specialist advice  is sought as required.

1.5.

Gaps or breaches in established risk management practices are identified and reported.

2.

Document and report identified risks and opportunities.

2.1.

Identified risks and opportunities supported by verifiable evidence are documented in a clear and concise manner and suitable format.

2.2.

Feedback is actively sought to ensure sufficiency and relevance of information in meeting client and organisational requirements.

2.3.

Information is securely maintained  according to legislative and organisational requirements.

Foundation Skills

This section describes the language, literacy, numeracy and employment skills essential to performance in this unit but not explicit in the performance criteria.

Skill 

Performance feature 

Learning skills to:

  • maintain current knowledge of routine risk identification and reporting procedures.

Numeracy skills to:

  • interpret routine graphical and statistical information on common risks in the property industry.

Oral communication skills to:

  • ask questions to clarify scope of own responsibility with regard to identifying and reporting risks and opportunities.

Reading skills to:

  • read and interpret routine workplace documents on own responsibility for identifying and reporting risks to relevant people.

Writing skills to:

  • prepare routine documentation, including emails, memos and letters, to report risks and opportunities.

Technology skills to:

  • use business technology to access online information about routine risks and opportunities in the property industry.

Range of Conditions

This section specifies work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Bold italicised wording, if used in the performance criteria, is detailed below.

Risks  must include:

  • people
  • performance
  • premises, plant and equipment
  • processes
  • profile or reputation
  • providers or suppliers.

Opportunities  must include at least five of the following:

  • adding value
  • aggregating assets
  • altering existing property or facility
  • change in consumer perceptions or tastes
  • change in use, ownership, appearance and perception of property or facility
  • changing style of investment
  • creating something new
  • identifying a market niche
  • new or redeveloped property-related product or service
  • new source of funds.

Assets  must include at least three of the following:

  • building facilities
  • buildings
  • cash
  • common property
  • equipment
  • goodwill
  • inventory
  • land
  • securities
  • vehicles.

Business systems  must include at least three of the following:

  • administration
  • finance
  • information technology
  • knowledge management
  • marketing
  • sales
  • trust fund administration.

Securely maintaining information  must include:

  • using business equipment and technology according to work health and safety (WHS) requirements
  • maintaining client confidentiality.

Unit Mapping Information

CPPDSM3007B Identify risks and opportunities in the property industry

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=6f3f9672-30e8-4835-b348-205dfcf13d9b

 

Assessment requirements

Modification History

Release 1.

Replaces superseded equivalent CPPDSM3007B Identify risks and opportunities in the property industry.

This version first released with CPP Property Services Training Package Version 5.

Performance Evidence

A person demonstrating competency in this unit must satisfy all of the elements, performance criteria, foundation skills and range of conditions of this unit.

The person must also identify and document routine risks and opportunities relating to two different assets and two different business systems in a property-related organisation.

In doing the above, the person must:

  • identify a range of potential risks and opportunities in key assets and business systems in the above organisation
  • identify and report gaps or breaches in established risk management practices
  • prepare risk and opportunity findings in a format suitable for presentation and review, using standardised styles and formats.

Knowledge Evidence

A person demonstrating competency in this unit must demonstrate knowledge of:

  • client and organisational confidentiality requirements
  • insurance policies, codes and operations relating to insurance requirements for assets and business systems
  • limitations of own work role, responsibilities and professional abilities in relation to identifying risks and opportunities in the property industry
  • mechanisms to obtain and analyse feedback
  • methods to identify and prioritise a range of risks and opportunities
  • risk management practices in the property industry
  • types of assets and business systems in organisations in the property industry.

Assessment Conditions

The following must be present and available to learners during assessment activities:

  • equipment:
  • computer system with internet, email and printing facilities
  • specifications:
  • organisational risk management policies and procedures
  • organisational procedures relating to asset and business system use
  • relationship with team members and supervisor:
  • member of a work team in a property industry context.

Assessor requirements 

As a minimum, assessors must satisfy the assessor requirements in the Standards for Registered Training Organisations (RTOs) current at the time of assessment.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=6f3f9672-30e8-4835-b348-205dfcf13d9b

Training component details
The following details are displayed for each different NRT:-

Training packages

- Training package details
- Training package components

Qualifications

- Qualification details
- Qualification components

Accredited courses

- Accredited course details

Modules

- Module details

Units of competency

- Units of competency details
- Unit components

Skill sets

- Skill set details
- Skill set components

Click on the Export link to export the NRT information to MS Word or PDF.

Click on the Manage notification link to create or change a notification for this NRT.

When selecting the Display history check box a set of tables will appear displaying a log of historical values describing what has changed and when over time.

If you have access to make changes to an NRT, click on the Edit link on the upper right hand side of the summary box.