LGACOR010 — Oversee asset management strategy

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What an assessment for LGACOR010 must cover

35 assessable components: 3 elements (13 performance criteria), 2 performance evidence and 14 knowledge evidence requirements, plus 6 foundation skills. An audit-defensible tool maps every question and task back to these — that mapping is the coverage matrix Auditori generates alongside the assessment.

Elements & performance criteria

1 Prepare for asset management strategy oversight.

1.1Read and interpret legislation to determine asset management strategy oversight requirements relevant to elected members.
1.2Collaborate with other elected members to identify asset management strategy oversight issues.
1.3Source, interpret, discuss, analyse and report on information that informs asset management strategy oversight decisions.

2 Make asset management oversight decisions.

2.1Propose, evaluate and discuss alternative asset management strategy oversight solutions.
2.2Review proposed asset management strategy oversight decisions to determine implications for implementation.
2.3Support asset management strategy oversight decisions that represent and promote community interests.
2.4Collaborate with other elected members to make informed asset management strategy oversight decisions.
2.5Interpret, review and adopt long term asset management plan according to legislative requirements.
2.6Set asset management strategy policies to achieve council vision.
2.7Allocate resources to asset management strategy oversight decisions.

3 Review asset management decisions.

3.1Monitor, discuss, analyse and report on implementation and outcomes of asset management strategy oversight decisions.
3.2Collaborate with other elected members to instigate reviews where asset management strategy oversight decision outcomes are not met.
3.3Identify own contribution to asset management strategy oversight decision making to identify and act on opportunities for improvement.

Performance evidence

establish one asset management strategy policy
make, allocate resources to and review one asset management strategy oversight decision.

Knowledge evidence

organisational policies and procedures applicable to asset management strategy oversight as an elected member in local government
federal, state and local government legislation applicable to asset management strategy oversight
benefits of asset management
principles of strategic asset management
life cycle management processes
risk management practices applicable to asset management
principles of best practice asset management
principles of good governance related to asset management strategy oversight
financial models and forecasts and implications for asset management strategy oversight and decision making
asset management strategy oversight decisions requiring mandatory community consultation
requirements for implementation of asset management strategy oversight decisions
requirements for and implications of statutory delegation of council decisions
requirements for matters of privilege and confidentiality
decision making criteria: • community acceptance and support • community values • conflict of interest • cost • council responsibilities • ethics • feasibility • risk • collaborative decision making.

Foundation skills

Reading skills: interpret asset management legislation and documents relevant to asset management strategy oversight.
Oral communications skills: negotiate with and influence others resolve conflict respect and represent diversity.
Numeracy skills: read, interpret and discuss financial information including financial models and forecasts read, interpret and discuss statistical information.
Problem-solving skills: solve problems in collaboration with others.
Teamwork skills: work with other elected members and council staff to contribute to asset management strategy oversight decision making.
Technology skills: access organisational documents relevant to asset management from electronic sources.

Unit content sourced from training.gov.au — © Commonwealth of Australia, licensed under CC BY 4.0. Auditori is not affiliated with the Department of Employment and Workplace Relations.

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Real, unedited Auditori output (RIIHAN201E shown), branded for a sample RTO:

Questions about assessing LGACOR010

What does an assessment tool for LGACOR010 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for LGACOR010 needs to address all 35 unit components: 3 elements with 13 performance criteria, 2 performance evidence requirements, 14 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for LGACOR010?

Auditori pulls the current release of LGACOR010 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for LGACOR010 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing LGACOR010 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of LGACOR010, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.

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