Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit of competency specifies the outcomes required to identify and analyse potential threats and opportunities to ensure safe and effective property operations. It requires the ability to assess property systems and assets to determine the level of risk exposure and identify areas of opportunity. The unit may form part of the licensing requirements for persons working in the property industry, including in the real estate, business broking, stock and station agency and property operations and development sectors, in those States and Territories where these are regulated activities. |
Application of the Unit
Application of the unit |
This unit of competency supports the work of those involved in identifying and analysing potential threats and opportunities to ensure safe and effective property operations. |
Licensing/Regulatory Information
Refer to Unit Descriptor
Pre-Requisites
Prerequisite units |
Nil |
Employability Skills Information
Employability skills |
The required outcomes described in this unit of competency contain applicable facets of employability skills. The Employability Skills Summary of the qualification in which this unit of competency is packaged, will assist in identifying employability skills requirements. |
Elements and Performance Criteria Pre-Content
Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the required performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge and/or the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
||||
1 Identify risks and opportunities . |
1.1 Information on actual and potential risks and opportunities is collected and assessed for currency, accuracy and relevance according to organisational requirements . 1.2 Terms of reference are determined in consultation with relevant people and information is updated, modified and maintained according to organisational requirements. |
||||
1.3 Structured plan for identifying and assessing likelihood of risk and opportunity is developed according to terms of reference and agreed timeframes. 1.4 Limitations in identifying and assessing risks and opportunities are recognised and assistance is sought as required. |
|||||
2 Analyse risks and opportunities . |
2.1 Identified risks and opportunities are analysed for validity and reliability according to organisational requirements. 2.2 Assessment criteria for measuring level of potential or existing risk or opportunity, together with an assessment of consequences, are developed according to terms of reference. 2.3 Gaps in assessment methodology are identified and appropriate actions implemented according to organisational procedures. 2.4 Valid and relevant data is analysed against assessment criteria to determine level of potential risk or opportunity according to organisational procedures. |
||||
3 Document findings . |
3.1 Risk and opportunity assessment findings are documented and distributed to relevant people according to organisational requirements. 3.2 Feedback on findings is actively sought to ensure accuracy and relevance of information. 3.3 Findings are updated as required and incorporated into risk and opportunity assessment plan for future management decision making. 3.4 Information is securely maintained with due regard to confidentiality, and organisational and legislative requirements . |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
|
This section describes the essential skills and knowledge and their level, required for this unit. |
|
Required skills :
|
|
Required knowledge and understanding :
|
Evidence Guide
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, the range statement and the Assessment Guidelines for this Training Package.
Overview of assessment |
This unit of competency could be assessed through practical demonstration of identifying and analysing potential threats and opportunities to ensure safe and effective property operations. Targeted written (including alternative formats where necessary) or verbal questioning to assess the candidate's underpinning knowledge would provide additional supporting evidence of competence. The demonstration and questioning would include collecting evidence of the candidate's knowledge and application of ethical standards and relevant federal, and state or territory legislation and regulations. This assessment may be carried out in a simulated or workplace environment. |
Critical aspects for assessment and evidence required to demonstrate competency in this unit |
A person who demonstrates competency in this unit must be able to provide evidence of:
|
Context of and specific resources for assessment |
Resource implications for assessment include:
Where applicable, physical resources should include equipment modified for people with disabilities. Access must be provided to appropriate learning and/or assessment support when required. Assessment processes and techniques must be culturally appropriate, and appropriate to the language and literacy capacity of the candidate and the work being performed. Validity and sufficiency of evidence require that:
In all cases where practical assessment is used it will be combined with targeted questioning to assess the underpinning knowledge. Questioning will be undertaken in such a manner as is appropriate to the language and literacy levels of the candidate and any cultural issues that may affect responses to the questions, and will reflect the requirements of the competency and the work being performed. |
Range Statement
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording in the performance criteria is detailed below. Add any essential operating conditions that may be present with training and assessment depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts.
Information may relate to: |
|
Risks may relate to: |
|
Opportunities may relate to: |
|
Organisational requirements may be outlined and reflected in: |
|
Terms of reference may relate to: |
|
Relevant people may include: |
|
Structured plan may be constructed by using: |
|
Limitations may relate to: |
|
Analysis : |
|
Assessment criteria may be based on: |
|
Risk and opportunity assessment findings may include: |
|
Feedback may be sought from: |
|
Legislative requirements may be outlined and reflected in: |
|
Unit Sector(s)
Unit sector |
Property development, sales and management |
Competency field
Competency field |
Property operations and development |