Assessment Requirements for MSS405038 Optimise process costs

Release: 1

Assessment Requirements for MSS405038 Optimise process costs

Modification History

Release 1. Unit code changed. Unit title changed. Application changed. Elements changed. Performance Criteria changed. Foundation Skills populated. Range of Conditions removed. Assessment Requirements changed. Supersedes and is equivalent to MSS405030 Optimise cost of a product or service.

Performance Evidence

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

analyse and optimise costs for at least one process or product or service.

Knowledge Evidence

There must be evidence the candidate has knowledge of:

cost components and categories

methods of allocating indirect costs and their implications

expressing customer perceived benefit in cost or dollar value terms

major controllable costs for the organisation, and how to control them

types of muda and how to reduce it

how to determine, increase and apply benefit/cost ratios

regulatory requirements relevant to process and organisation.

Assessment Conditions

Skills must have been demonstrated in the workplace or in a simulated environment that reflects workplace conditions and contingencies. The following conditions must be met for this unit:

use of suitable facilities, equipment and resources

modelling of industry operating conditions.

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=5b04f318-804f-4dc0-9463-c3fb9a3fe998