Modification History
New unit, superseding MSACMT230A Apply cost factors to work practices - Equivalent
Unit Descriptor
This unit of competency covers the skills and knowledge required by an individual to identify cost components in their work and to be able to determine, in general terms, the cost impacts of alternative actions.
Application of the Unit
This unit applies to an individual who is required to contribute to, and be involved in, the assessment of cost factors in their work. This may be done individually or in a team environment.
The unit covers the skills to be able to assess the relative costs of the alternatives and use this as one of the key factors in making decisions. Decisions are made within the scope of the employee's authority and according to procedures. Typical decisions include those that contribute to the efficient organisation of own work and the improvement of production time and cycle times.
This unit requires the application of skills associated with problem solving to identify cost factors and cost implications of own work and self-management to apply cost-effective practices.
Licensing/Regulatory Information
Not applicable.
Pre-Requisites
Not applicable.
Employability Skills Information
This unit contains employability skills.
Elements and Performance Criteria Pre-Content
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Elements describe the essential outcomes of a unit of competency. |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide. |
Elements and Performance Criteria
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1 |
Identify the major cost components of product or process in own work area |
1.1 |
Identify cost components in the product or process in own work area |
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1.2 |
Recognise the impact of current or alternative actions on costs |
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2 |
Identify constraints to cost-efficiency |
2.1 |
Identify required production/process rate and major costs |
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2.2 |
Identify costs factors under individual or team control |
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2.3 |
Relate identified costs factors to impact on overall cost of production/process |
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2.4 |
Identify cost factors that are a constraint to cost-efficiency in own work area |
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3 |
Apply cost-efficient work practices |
3.1 |
Identify and explain to relevant people the implications of possible actions/changes to improve cost-efficiency in simple financial terms |
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3.2 |
Identify non-financial implications of proposed changes in discussion with relevant people |
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3.3 |
Select actions which minimise overall costs |
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3.4 |
Monitor actions to ensure cost-efficiency in own work area is maintained |
Required Skills and Knowledge
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This section describes the skills and knowledge required for this unit. |
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Required skills |
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Required skills include:
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Required knowledge |
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Required knowledge includes:
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Evidence Guide
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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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 the ability to:
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Context of and specific resources for assessment |
Assessment of performance must be undertaken in a workplace using or implementing one or more competitive systems and practices. Access may be required to:
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Method of assessment |
A holistic approach should be taken to the assessment. Competence in this unit may be assessed by using a combination of the following to generate evidence:
In all cases it is expected that practical assessment will be combined with targeted questioning to assess underpinning knowledge. Where applicable, reasonable adjustment must be made to work environments and training situations to accommodate ethnicity, age, gender, demographics and disability. |
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Guidance information for assessment |
Assessment processes and techniques must be culturally appropriate and appropriate to the oracy, language and literacy capacity of the candidate and the work being performed. |
Range Statement
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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, if used in the performance criteria, is detailed below. 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) may also be included. |
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Competitive systems and practices |
Competitive systems and practices may include, but are not limited to:
Competitive systems and practices should be interpreted so as to take into account:
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Cost components |
Cost components include:
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Process |
Process may include:
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Overall cost |
Overall cost may include:
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Unit Sector(s)
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Unit sector |
Competitive systems and practices |
Custom Content Section
Not applicable.
