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Assessment Project - BSBMGT616A Develop and implement strategic plans SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 1 of 13 SIT60316 Advanced Diploma of Hospitality Management SITXFIN005 Manage physical assets ASSESSMENT 1: Assignment Student’s Name Student No Student Declaration I declare that the work submitted is my own. It has not been copied or plagiarised from any other person or source. Student’s Signature Date Submitted SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 2 of 13 Assessor Use Only SITXFIN005 Manage physical assets Assessment Project – Marking Guide Checklist Did the student: Li n k s to P e rf o rm a n ce C ri te ri a S a ti sf a ct o ry N o t S a ti sf a ct o ry Submit asset management strategy which include: • Asset purchasing strategy • Asset register details • Asset disposal details • Stock-takes • Asset security • Asset maintenance Submit drafts 1.1,1.2,1. 3,14,1.5, 1.6,2.1,2. 2,2.3 Complete asset register and reports • Identify each asset • Assess each asset in regards to various parameters • Access and communicate with specialists to gain suitable advice as or if required • Rectify any immediate asset related issues 2.1,2.2,2. 3,2.4 • Research asset requirements • Identify and compare potential assets • Gain at least 2-3 quotes / estimates per item • Compare quotes / estimates • Identify financing methods • Undertake a cost benefit analysis on item and financing options • Include a risk analysis • Provide an appropriate recommendation on asset and financing method as per research • Detail implementation process thoroughly 3.1,3.2,3. 3,3.4,3.5, 3.6 Result: � Satisfactory � Not Satisfactory Assessor signature: Date: Comments SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 3 of 13 GENERAL INFORMATION ABOUT ASSESSMENT Please read the following carefully • Assessments are to be completed according to the instructions provided in the assessment document. Your trainer-assessor will go through the instructions with you. • Assignments (e.g. projects) are to be completed at home, in your own time. • If you are not sure about any aspect of an assessment, ask your trainer/assessor to explain the requirements. • All parts of each assessment (questions and/or tasks) must be answered unless the individual assessment instructions tell you something different. • You need to complete, sign and date the front page Assessment Cover Page and attach it to your assignment. • All assignments must be typed in 12 point type on A4 paper • Make sure you keep a photocopy of your assignment before you hand it in. • All assignments must be your own work – your own words. All quotes from reference sources (e.g. books and websites) must be acknowledged and listed at the end of your assignment. • Group or Team Work: In some cases, you will be required to work on a project in small groups, and your trainer will allocate you to a group to work as a team. You may even be allocated a particular role. If you are working as part of a group, you will still be required to submit your assessment individually, and your performance will be assessed on an individual basis. Therefore, you must keep and submit with your assignment a record of the specific contribution you have made to the project, as well as keep notes of team meetings to include in your final submission. • If you are unable to submit any assignment by the due date, you need to discuss this with your trainer/assessor beforehand and obtain an extension of time. • If you do not follow the above rules, you may need to be re-assessed. • Please remind your trainer of any special needs you may have. Where possible reasonable adjustment to the assessment will be made, provided that does not affect the validity of the assessment. • After you have completed an assessment, your assessor will give you feedback about your performance and tell you whether the result is “satisfactory” or “not satisfactory” (that is, your trainer /assessor considers you need more training and experience). • If your performance is not satisfactory, you will be advised about any gaps in your knowledge or skills and given an opportunity to be re-assessed. • If you think the assessment process was flawed, you may appeal against the assessment decision. • After you have completed all the assessments for a unit (or group of units in some cases), you will be awarded C (Competent) if the assessor is satisfied you have provided enough appropriate evidence to meet all criteria. If you are unable to meet this requirement, you will receive the result NYC (Not Yet Competent). • If you are deemed Not Yet Competent by your trainer /assessor and require re- assessment, you will be informed of the process. • If you are deemed Not Yet Competent by your trainer /assessor and require re- assessment, you will be informed of the process. SITXFIN005 ASSESSMENT INFORMATION SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 4 of 13 You need to complete two assessments for this unit of competency. Details are provided below. Assessment Number Assessment Task ASSESSMENT 1: Assignment Your trainer will give you this during the first classroom session for this unit of competency, together with any other relevant information required to complete the assessment. You are required to submit the assessment in the last week of class for the unit. Your trainer will tell you the due date during the first classroom session. This assessment is based on the tasks given below and the information provided by your assessor. ASSESSMENT 2: Written Exam During the last week of classes for this unit, you will be required to do an exam covering the content of the unit. During the first classroom session for the unit, your trainer will tell you the date of the exam. This is a 2 hour exam that you will complete in class under your trainer-assessor’s supervision. You may refer to your class notes and other materials in this exam. SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 5 of 13 Assessment 1 – Project This assessment project is to be completed in addition to the learning and assessment activities you complete in class. The project is designed to assess the performance outcomes, skills and knowledge required to manage the physical assets of an organisation. It requires the ability to establish systems and practices for asset monitoring, maintenance and acquisition. If you are not sure about any aspect of the assessment or would like to discuss your particular needs, please speak to your trainer. Your trainer will tell you the date you need to submit your assignment. All parts of the project will be given to you at the same time. You need to complete all parts and submit them together by the due date. This will be in the last week of classes for the unit. This project assignment is to be completed using the tasks given and using information provided by your assessor. The checklist and scope of submission table will identify the records that you are required to prepare and submit (as a single submission). Your assignment must be typed (in 12 point type on A4 paper) and attached to the front page of this assessment document, which you need to complete as an Assessment Cover Page. Make sure you keep a copy of your assignment before you hand it in to your trainer. SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 6 of 13 Task 1 For this assessment, you are to assume you will be opening a small cafe. In doing so, you are to develop an asset management strategy to ensure streamlined acquisition and management. The scope and size of your cafe is irrelevant, as your asset 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 • Financial implications (authorisation limits, disposals, depreciation) • Personnel Responsibilities • 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. Checklist and submission • You are to submit your asset management strategy as outlined above • Submit drafts Asset maintenance strategy include depth of details relating to: Definition of assets / asset classes Details on scope and purpose of strategy Asset purchasing strategy including • Authorisation (including limits) • Tenders / Offer to supply • Price comparisons • Supplier integrity / longevity / etc • Purchase orders SITXFIN005 Assessment 1: Assignment, v1, February 2017 © Apex Institute of Education Page 7 of 13 • Payment methods and terms • Supplier integrity / longevity / etc • Environmental impact • OHS considerations Asset register details (on template) including item: • Description • Serial number • ID Number • Purchase Date • Asset Value • Fund Source (not compulsory) • Depreciation date (not compulsory) •