Unit of competency Outline

Date retreived
22/07/2026 5:07 AM AWST

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Secure funding for projects

Secure funding for projects

Unit of competency
National Code
CUSFIM501A
State Code
D2882
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
2.00
Current Release Date
02/11/2011
View on TGA
State Implementation and Classification
Approved Date
30/09/2014
Field of Education
080301 - Business Management
Original Release Date
30/09/2014
Nominal Hours
63
Description
This unit describes the performance outcomes, skills and knowledge required to raise money for a creative or artistic project and to participate in negotiations with all parties.
Notes
Elements and Performance Criteria
1. Identify financial scope of and potential funding sources for project
  • 1.1 Identify and determine the scope and funding needs of project
  • 1.2 Identify optimum funding arrangements and possible funding sources for project
  • 1.3 Gather information on funding sources, including organisational vision, prior funding initiatives and expected benefits from participation
2. Develop a project proposal
  • 2.1 Plan and critique a project proposal that will attract funding from identified funding sources
  • 2.2 Determine optimum method of presenting project proposal to identified funding sources
  • 2.3 Clearly define structure of funding plan and interest of various parties and ensure proposal is supported by research from appropriate sources
  • 2.4 Seek legal, taxation and regulatory advice where necessary and ensure proposal is checked by appropriate persons to ensure it meets compliance requirements
3. Present proposal and negotiate with funding sources
  • 3.1 Present project proposal to funding sources using appropriate presentation techniques
  • 3.2 Evaluate presentation to identify strengths and weaknesses to inform subsequent presentations
  • 3.3 Negotiate with funding source representatives to clarify terms and conditions of funding agreement
  • 3.4 Discuss funding agreement with all parties in a professional manner
4. Finalise funding agreement
  • 4.1 Document funding agreement and circulate to all parties in a timely and effective manner
  • 4.2 Establish processes to monitor compliance and report progress against funding agreement
  • 4.3 Ensure funding agreement is checked and confirmed by appropriate persons
  • 4.4 Identify opportunities for ongoing funding arrangements with funding sources
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.
Projects may include:
commercial
print advertisement
corporate video
feature film or video
filmed event or performance
interactive media product, e.g. CD, DVD and podcast
internet production, e.g. website sound
music recording or video
promotional trailer
radio broadcast
short film or video
television program, e.g. documentary
training film or video.
Funding sources may include:
commissioning bodies
community organisations
corporate contributors
early adopters
enterprises
financial institutions
government departments
individuals
professional organisations
prospective investors
special public funding programs
sponsors
suppliers.
Project proposal may include:
analysis of benefits and profile of opportunities
compliance requirements, including legal, regulatory, reporting and taxation
cost estimates
creative and managerial experience of proponents
creative possibilities of project
demonstrable outcomes
funding plan
level of risk
likely chances of success
operational and marketing plan
overview and objectives
project timelines and milestones
projected financial performance
promotional and profiling opportunities
proposed interest of various parties:
acknowledgments
percentage of profits
product placement
share of copyright
purpose and amount of required finance.
Sources may include:
discussions with current industry practitioners
discussions with industry associations
electronic and print media providing:
articles
journals
magazines
news
reviews
subscriptions
government funding programs and publications
industrial relations publications, such as:
bulletins
letters
magazines
newsletters
industry publications, such as:
directories
information sheets
reference books
technical publications
internet
libraries and archives
suppliers of products and services
tender search organisations
training programs, seminars, workshops, master classes and professional development opportunities.
Appropriate persons may include:
business and financial managers
community representatives
copyright representatives
employee association and union representatives
financial advisers
industry association representatives
industry managers
legal advisers
mentors
professionals from allied areas.
Funding agreement may include:
compliance monitoring arrangements
reporting and review requirements
rights and responsibilities of all parties
terms and conditions of agreement.
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.
Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
develop viable funding proposals
maintain effective networks with prospective investors
negotiate agreed terms, conditions and interests with all parties to a funding agreement.
Context of and specific resources for assessment
Assessment must ensure:
access to an appropriate environment to develop and present funding proposals
access to appropriate sources of information to prepare and support funding proposals
access to appropriate technology to research funding sources and use industry-current software
access to relevant creative arts industry networks
use of culturally appropriate processes, and techniques appropriate to the language and literacy capacity of learners and the work being performed.
Method of assessment
The following assessment methods are appropriate for this unit:
case studies to assess ability to research funding sourcesand apply information to persuasive project proposals
direct observation of candidate preparing a project proposal and negotiating a funding agreement
authenticated copies of funding proposals prepared by the candidate
written or oral questioning to assess knowledge of potential funding sources and channels through which funding opportunities are publicised
problem-solving activities to assess ability to estimate and calculate project costs.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended.
Replaces
State Code National Code Title Type
C4103 CUSFIN01A Finance a project Unit of competency
Replaced By
State Code National Code Title Type
AWJ07 CUAFIM501 Source funding for projects Unit of competency