Develop a detailed asset management strategy

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Reference no: EM132560029

ASSESSMENT 1- STUDENT INFORMATION

This information is to be handed to each student to outline the assessment requirements

For this assessment, you are to assume you will be opening a small cafe. In doing so, you are to develop a detailed asset management strategy to ensure streamlined acquisition and management.

The scope and size of your cafe is irrelevant, and your assert acquisition and management strategy should (as a minimum) cover:
• Identification of assets
• Purchasing of assets
• Authorisation limits
• Asset Control including stock-takes, asset registers, etc.
• Asset security
• Asset Maintenance
• Financial implications (authorisation limits, disposals, depreciation)
• Personnel Responsibilities
• Environmental Management and WHS considerations
• Templates for any forms that your strategy refers to.

This strategy to be professionally presented to your assessor, and should be ready for implementation within a commercial cafe. You have scope as to the size of your commercial cafe, but as a minimum, you need to include provisions for 4 staff members, and internal seating for 10 customers.

It is also suggested that you keep in contact with your assessor with this unit, and hand in your drafts as you go, to ensure you are heading in the right direction.
Evidence Summary
• You are to submit your asset management strategy as outlined above
• Hand in drafts as you go

It is important that in conducting assessment, the assessor undertakes the following:
Prior to conducting the assessment
• Read the assessment tasks as detailed throughout this document
• Contextualise the task (and checklist) to ensure it reflects the students working environment. (Be sure to check with the mapping document to ensure any contextualisation still covers the unit requirements)
• Read the assessor instructions and checklist prior to commencing the assessment
• Ensure the assessment environment is suitable for the parameters of the task, to ensure the students wil
have an appropriate opportunity to demonstrates their skills
• Make suitable modifications to the assessment environment (if required), to allow all tasks to be observed
• Ensure the student is allocated the appropriate time and resources for the task
• Advise the student prior to conducting the assessment of:
• what will occur throughout the assessment process
• when the assessment will occur
• the level of competency expected (review the checklist or the criteria for the task to ensure the student understands the cibbil tent pi Uldebb and the expectations)
• the RTO reasonable adjustment process and offer adjustment for any students needing assistance
• the RTO re-assessment and appeals process
• You should not tell the student how to undertake the task, as it would lead the student and render the assessment process invalid. The student should have been taught "How" to perform each task during the training stage, and is expected to know this prior to commencing the assessment.
• Do not give the student a copy of the Assessor Checklist or Sample Answers prior to the assessment.

The student instructions provide appropriate detail for the student on the expected level of competency for each task.
Conducting the assessment
• Establish and oversee the evidence gathering process to ensure it remains valid, reliable, fair and flexible
• Advise the student when to commence the assessment
• Observe the student undertake the tasks as outlined
• Record your observations in the assessor checklist
• Where a checklist point is not observed due to an inappropriate environment, or for a reason outside the
students control, modify the scenario to allow the student an opportunity to perform the associated task
• Where a checklist point is not appropriate, write "N/A" in the space provided
• Incorporate allowable adjustments to the assessment procedure without compromising the integrity of the assessment. Be sure to make appropriate notations on the assessment checklist to explain any variances to the assessment process (such as probing questions, alterations to assessment environment, etc) to ensure the assessment process is transparent (and the assessment remains Valid)
• Gather supporting documentation where available and appropriate (as evidence)
• Do not interfere with the assessment unless the student's actions impose a risk to themselves or anyone else. In the event that the actions of the student impact on the safety of any person - you are to immediately cease the assessment and take actions to reduce the identified risk.
• If a student performs an action incorrectly, mark it as such. Record what you see, not what you want to see.
• Once the assessment is complete, advise the student that the assessment has ceased, and record your comments in the sections provided.

ASSESSMENT 2 - STUDENT INFORMATION

This information is to be handed to each student to outline the assessment requirements Using the asset register developed in Assessment 1, you are to implement your Asset Identification and Monitoring Strategy an area of your RTO.
Be sure to
• Detail all assets
• Identify assets in need of repair or replacement
• Assess the performance of each asset for safety, operational efficiency and service quality
• Provide a written report to your assessor with details of the review and relevant recommendations
Evidence Summary
• Your assessor will observe you performing this task
• You are to submit your written report at the end of your assessment

ASSESSMENT 3 - STUDENT INFORMATION
This information is to be handed to each student to outline the assessment requirements

For this task you are required to coordinate the financing and purchasing of 3 different assets as agreed upon with your assessor. The assets may:
• relate to items identified in a business plan,
• include items identified as missing, damaged or unsafe from Assessment 2
• items as directed by your assessor
All assets will relate to a hospitality environment, and will have different values. Your assessor will act as your supervisor for this task, so feel free to contact them in relation to budget and time-lines.

In undertaking this task, you are to ace. .1 St4

• Identify and determine the asset specifications
• Identify the relevant maintenance requirements (including legislative base)
• Identify any environmental standards / requirements in relation to your assets
• Gather quotes or estimates from potential suppliers
• Identify different financing options (subject to the value of the asset and available budget). Financing options may include hire purchase, renting, leasing or purchasing.

You are to submit each proposal in terms of a financial report that details:
• Estimate acquisition costs based on evaluation of current, accurate and relevant data, including supplier quotations and estimates.
• Financing options including rates, application process, and value comparisons (cost benefit analysis)
• Includes a risk analysis for each purchase
• The process you would undertake to implement the financing option chosen (in detail)
• Copies of appropriate finance application forms. (You are to complete each application form with the details of your Training Organisation)

Reference no: EM132560029

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