Unit of competency
Modification History
Release |
Comments |
Release 1 |
This version first released with CUA Creative Arts and Culture Training Package Version 5.0. |
Application
This unit describes the skills and knowledge required to raise money for creative or artistic projects. It involves investigating different funding opportunities, developing a proposal for pitching, presenting the proposal to an audience and examining the terms and conditions of potential funding.
The unit applies to those who determine the amount of funding required, locate likely funding sources, develop funding proposals and identify opportunities for future funding.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Finance – Financial Management
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. Investigate funding opportunities for project |
1.1 Determine the scope and funding needs of project 1.2 Calculate required funding arrangements 1.3 Research potential funding sources and the activities they support, eligibility and selection processes |
2. Develop a funding proposal |
2.1 Summarise the proposed project, the purpose of funding and the amount sought 2.2 Determine project timelines and budget breakdown 2.3 Prepare funding documentation in the required format 2.4 Collate additional materials and testimonials to support request for funding 2.5 Arrange an independent review of funding proposal and seek tax and regulatory advice where required 2.6 Prepare return on investment information for potential investors |
3. Pitch project and funding request |
3.1 Plan and document presentation approach and intended outcomes 3.2 Choosepresentation strategies, format and delivery methods according to the target audience 3.3 Selectpresentation aids, materialsandtechniquesaccording to the format and purpose of the presentation 3.4 Present proposal using persuasive communication techniques to secure audience interest 3.5 Respond to audience questions on central ideas and concepts 3.6 Evaluate presentation and identify strengths and weaknesses to inform subsequent presentations |
4. Examine terms and conditions of potential funding |
4.1 Review funding agreement and clarify terms and conditions of funding 4.2 Determine reporting requirements for funding 4.3 Establish processes to monitor compliance and report project progress |
Foundation Skills
This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.
S KILL |
DESCRIPTION |
Learning |
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Reading |
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Writing |
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Oral Communication |
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Numeracy |
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Self-management |
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Teamwork |
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Planning and organising |
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Problem-solving |
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Technology |
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Unit Mapping Information
Supersedes and is equivalent to CUAFIM501 Source funding for projects.
Links
Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=1db201d9-4006-4430-839f-382ef6b803d5