This unit describes the skills and knowledge to identify cost components in work practices and determine, in general terms, the cost impacts of alternative actions. The units also are used to evaluate the process outcomes of a team or work group.
30 – 50 hours (depending upon the course complexity and project type). The online units consist of pre-reading, pre-recorded tutorials/lessons, project work and report, post reading, and assessments
Face to Face
This course has been developed to be delivered in a one-day workshop environment with the class / students participating throughout the day in several activates that are aligned to your business outcomes
Approximately 20-40 hours are required outside of the one-day workshop to complete the Unit of Competency. This time will typically consist of pre-reading, pre-recorded tutorials/lessons, project work and report, post reading, and assessment.
In class knowledge assessment may be recorded on the day through workbook activities.
Select a process that will benefit from the analysis of cost components.
Using the worksheet provided to identify the key cost components and estimate the impact of your selections.
Using the worksheets provided, select the most significant cost factors that your team can improve, identify the major influencers and rank these to select the most impactful cause of the selected cost factor.
Using the worksheet provided, identify potential solutions and for the top solution to calculate the cost benefit ration of alternative methods.
Develop an action plan and implement your recommended changes.
Standardise and establish ongoing monitoring for your improvements.