Unit of competency Outline

Date retreived
23/07/2026 12:33 AM AWST

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Cost a project

Cost a project

Unit of competency
National Code
AHCBUS402A
State Code
D6735
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/06/2011
View on TGA
State Implementation and Classification
Approved Date
28/11/2013
Field of Education
080315 - Project Management
Original Release Date
28/11/2013
Nominal Hours
30
Description
This unit covers costing a project and defines the standard required to: identify resources for a project; investigate options for material supplies, services, contractors and consultants; research prices for required resources; calculate costs for the project; document a summary of project costs.
Notes
Elements and Performance Criteria
1. Obtain current prices for project resources
  • 1.1. Project objectives, required work activities and available finance are identified and interpreted according to the project plan and enterprise guidelines.
  • 1.2. Resources required for project works are identified according to the project plan.
  • 1.3. Factors affecting resource costs are identified using available information.
  • 1.4. Add-on costs are taken into consideration according to enterprise guidelines.
  • 1.5. Appropriate tools and equipment are selected and used for the calculation and documentation of project costs.
2. Calculate individual itemised costs of the project
  • 2.1. Unit and total cost for each resource item is calculated according to enterprise guidelines.
  • 2.2. Total itemised resource costs are evaluated against the financial schedule for the project.
  • 2.3. Adjustments are made where required to reconcile resource costs with project schedules in strict adherence to enterprise guidelines for costing a project.
3. Prepare a summary of the cost of the project
  • 3.1. Resource costs are collated and scheduled according to the project plan and enterprise guidelines.
  • 3.2. Total project costs are accurately calculated and recorded according to enterprise guidelines.
  • 3.3. Financial summary is collated, organised and submitted to management for approval.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Projects may include:
those carried out in horticultural or land management enterprises.
EVIDENCE GUIDE
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
Competence in costing a project requires evidence that a person is able to obtain current prices for required resources, calculate costs and present a summary of project costs that provides for cost effective project outcomes. The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
identify resources for a project
investigate options for material supplies, services, contractors and consultants
research prices for required resources
calculate costs for the project
document a summary of project costs.
Context of and specific resources for assessment
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.
Replaces
State Code National Code Title Type
S2765 RTC4905A Cost a project Unit of competency
Replaced By
State Code National Code Title Type
BAS37 AHCBUS402 Cost a project Unit of competency