SITXFIN011 - Manage physical assets

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Unit code: SITXFIN011 | Study level: TAFE
Footscray Nicholson


This unit describes 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.
It applies to senior managers who operate with significant autonomy and who are responsible for making a range of strategic management decisions.The unit applies to all tourism, travel, hospitality and event sectors.


For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • establish a regime for the acquisition, maintenance and replacement of at least three different physical assets listed in the knowledge evidence
  • when establishing the above regime, include practices that:
  • monitor the utility of assets to meet business needs
  • provide regular financial reports on the assets
  • record formal and informal customer and staff feedback
  • integrate day-to-day condition reports
  • schedule internal or external inspections or audits
  • schedule management reports
  • develop and maintain a current register for the above assets.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the VU Polytechnic and/or via the VU Polytechnic e-learning system.

As part of a course

This unit is studied as part of the following course(s):

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