CHCMGT004 — Secure and manage funding

1 Identify funding requirements and context

• 1.1Identify scope and purpose of funding
• 1.2Calculate funding requirements, including budget, current funding arrangements and future projections
• 1.3Identify potential avenues and sources of funding
• 1.4Research and gather information on all potential funding avenues and sources
• 1.5Determine if funding requirements are feasible and sustainable

2 Develop a funding submission

• 2.1Determine funding source requirements
• 2.2Prepare funding submission in accordance with funding source requirements
• 2.3Determine optimum method of presenting proposal to identified funding sources
• 2.4Seek legal, taxation and regulatory advice when required and ensure submission is checked by appropriate persons to ensure it meets compliance requirements
• 2.5Establish how deliverables and outcomes will be evaluated and measured

3 Present proposal and negotiate with funding sources

• 3.1Present proposal to funding sources using appropriate presentation methods and techniques
• 3.2Negotiate with funding source representatives to clarify terms and conditions of funding agreement
• 3.3Evaluate submission to identify strengths and weaknesses to inform subsequent submissions

4 Manage funding agreement

• 4.1Finalise funding agreement documentation and circulate to all parties
• 4.2Establish procedures to monitor ongoing compliance and reporting requirements in accordance with funding agreement
• 4.3Maintain ongoing relations with funding source to ensure mutual satisfaction with funding arrangement

5 Evaluate funding agreement

• 5.1Evaluate project outcomes against predetermined measures
• 5.2Identify lessons learned and opportunities for continuous improvement
• 5.3Identify opportunities for future funding arrangements as appropriate

What does an assessment tool for CHCMGT004 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for CHCMGT004 needs to address all 35 unit components: 5 elements with 19 performance criteria, 3 performance evidence requirements, 13 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 CHCMGT004?

Auditori pulls the current release of CHCMGT004 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 CHCMGT004 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing CHCMGT004 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 CHCMGT004, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.