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Unit of competency details

CUAFIM511 - Source funding for projects (Release 1)

Summary

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to CUAFIM501 - Source funding for projects 15/Apr/2021

Release Status:
Current
Releases:
ReleaseRelease date
1 1 (this release) 16/Apr/2021


Qualifications that include this unit

CodeSort Table listing Qualifications that include this unit by the Code columnTitleSort Table listing Qualifications that include this unit by the Title columnUsage RecommendationRelease
CUA51120 - Diploma of Visual ArtsDiploma of Visual ArtsCurrent1-2 
CUA50620 - Diploma of Aboriginal and/or Torres Strait Islander Cultural Arts Industry WorkDiploma of Aboriginal and/or Torres Strait Islander Cultural Arts Industry WorkCurrent1-2 
CUA60120 - Advanced Diploma of Professional Dance (Elite Performance)Advanced Diploma of Professional Dance (Elite Performance)Current1-3 
CUA51520 - Diploma of Professional Dance (Elite Performance)Diploma of Professional Dance (Elite Performance)Current1-2 
CUA60220 - Advanced Diploma of Live Production and Management ServicesAdvanced Diploma of Live Production and Management ServicesCurrent1-3 
CUA50420 - Diploma of Live Production and Technical ServicesDiploma of Live Production and Technical ServicesCurrent1-2 
CUA50920 - Diploma of Photography and Digital ImagingDiploma of Photography and Digital ImagingCurrent1-2 
CUA60720 - Advanced Diploma of Visual ArtsAdvanced Diploma of Visual ArtsCurrent1-2 
CUA50320 - Diploma of Dance Teaching and ManagementDiploma of Dance Teaching and ManagementCurrent1-2 
CUA60320 - Advanced Diploma of Graphic DesignAdvanced Diploma of Graphic DesignCurrent
CUA50820 - Diploma of MusicDiploma of MusicCurrent1-2 
CUA51220 - Diploma of CeramicsDiploma of CeramicsCurrent1-2 
CUA50720 - Diploma of Graphic DesignDiploma of Graphic DesignCurrent1-3 
CUA51420 - Diploma of Arts and Cultural ManagementDiploma of Arts and Cultural ManagementCurrent1-2 
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Accredited courses that have this unit in the completion mapping

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  16/Apr/2021 
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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

  • Improves own performance using views and opinions of others and self-evaluation to identify different opportunities

Reading

  • Recognises and interprets textual information to determine and define requirements
  • Organises, evaluates and critiques ideas and information from different sources

Writing

  • Conveys and requests detailed information using specialised language
  • Supports the purpose and format of documents using grammatical structure

Oral Communication

  • Elicits the view and opinion of others using listening and questioning techniques
  • Presents information suitable to audience and environment using industry related and specific terminology

Numeracy

  • Estimates and develops structured funding plans using mathematical skills

Self-management

  • Takes responsibility for meeting legal, regulatory and compliance requirements

Teamwork

  • Follows accepted communication practices and protocols
  • Builds rapport, presents concepts and seeks feedback using effective interpersonal skills

Planning and organising

  • Plans and prioritises different tasks to achieve outcomes efficiently and in a timely manner

Problem-solving

  • Analyses factors and makes decisions about funding sources and proposals using problem-solving techniques

Technology

  • Accesses, enters and presents information using applicable digital tools and technologies

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

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with CUA Creative Arts and Culture Training Package Version 5.0.

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

  • source funding for at least one project.

In the course of the above, the candidate must:

  • research funding sources
  • develop viable funding proposals
  • prepare and deliver project pitch using effective presentation strategies and communication techniques
  • interpret funding agreements.

Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

  • potential funding sources and channels through which they are publicised
  • project proposal information required to support request for funding
  • key features of a project pitch
  • issues and challenges that typically arise in the context of securing funding for projects and strategies to resolve them.

Assessment Conditions

Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.

This includes access to:

  • applicable sources of information to prepare and support funding proposals
  • interaction with others to present funding proposal.

Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion Volume Implementation Guide is found on VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=1db201d9-4006-4430-839f-382ef6b803d5