Assessment Requirements for MEACOM0030 Prepare and manage aviation maintenance organisation budgets and financial plans

Release: 1

Assessment Requirements for MEACOM0030 Prepare and manage aviation maintenance organisation budgets and financial plans

Modification History

Release 1. Application changed. Elements and Performance Criteria changed. Foundation Skills made explicit. Assessment Requirements clarified. Supersedes and is equivalent to MEA146 Prepare and manage aviation maintenance organisation budgets and financial plans.

Performance Evidence

There must be evidence the candidate has completed all the tasks outlined in the elements and performance criteria of this unit, and demonstrated the ability to:

prepare and manage one of the following budgets and its associated financial plan:

aircraft maintenance budget

aeronautical product maintenance budget

logistic services sales budget

regulatory compliance budget

capital expenditure budget.

In the course of the above work, the candidate must:

identify strategic opportunities in aircraft and aeronautical product maintenance activities, including:

aircraft operators and fleet operators seeking to outsource maintenance

aeronautical product maintenance needs

changing regulatory requirements for maintenance

new aircraft types

provision of logistic support services

opportunity to respond to requests for tender to provide aircraft and aeronautical product maintenance

opportunity to accept sub-contract maintenance tasks from other maintenance organisations

develop formal estimates of reviews, costs, cash flows, and logistic requirements

produce balanced arguments to support financial proposals, including:

cost-benefit analyses

risk management plan assessing probability and consequences of potential negative event

market research results

tender details

investment analyses evaluating capital expenditure proposals:

net present value (NPV)

incentive rate of return (IROR)

pay pack calculations

develop and implement systems to ensure financial performance records are collected, maintained, and properly reported.

Knowledge Evidence

There must be evidence the candidate has knowledge of:

legislation from all levels of government, codes and national standards required for business operation, including those for work health and safety (WHS), environmental issues, and equal employment opportunity (EEO)

requirements regarding financial status of aviation maintenance organisations

aircraft and aeronautical product maintenance and maintenance management/certification requirements

financial planning processes and procedures within the organisation

budgeting

organisation’s intended aircraft and aeronautical product maintenance activities

consultative methods and processes

capital investment evaluation techniques

performance measurement techniques

organisation roles in respect to financial delegations, accountabilities and responsibilities, including procedures for:

monitoring expenditure

authorising expenditure within limits

reporting on variances to budget/plan

taking remedial action within budget authority

standards for organisational record keeping and audit requirements

procedures for reporting on non-financial objectives in the context of overall organisational performance, including:

compliance with aviation maintenance organisation exposition (the Civil Aviation Safety Authority [CASA] regulatory system)

compliance with maintenance management plan (Australian Defence Force [ADF] regulatory system)

compliance with requirements of applicable airworthiness regulator

environmental and sustainability procedures

work health and safety (WHS)

quality and safety management

market share

customer service

security.

Assessment Conditions

The following conditions of assessment represent the requirements of the regulators (DASA and CASA) and maintenance stakeholders and must be rigorously observed.

Skills must have been demonstrated under routine supervision in the workplace or in a simulated environment that reflects workplace conditions and contingencies encountered in preparing and managing aviation maintenance organisation budgets and financial plans. The following conditions must be met for this unit:

use of suitable facilities, equipment and resources, including:

workplace procedures, product and manufacturing specifications, codes, standards, manuals, and reference materials relevant to preparing and managing aviation maintenance organisation budgets and financial plans

all materials and documentation required to demonstrate the performance evidence above.

Evidence of tasks demonstrating competency must be recorded in a log of industrial experience and achievement.

Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=ce216c9c-04d5-4b3b-9bcf-4e81d0950371