Overview

Framework:
RQF
Level:
Level 3
Unit No:
T/503/5704
Credits:
10
Guided learning hours:
46 hours

Assessment Guidance

Workplace assessment of occupational competence is required. This must be carried out in line with the guidance available from the Learning Provider’s section of Skillsmart Retail’s website (www.skillsmartretail.com). The guidance consists of: Assessment Principles; a booklet containing assessment guidance for each unit; and a list of some agreed equivalences between previous and current versions of units.

Unit Learning Outcomes

1

Understand the importance of controlling expenditure on visual merchandising projects.

Assessment Criteria

  • 1.1

    Explain the importance to the organisation of controlling expenditure on visual merchandising projects.


2

Understand the concept of ‘value for money’ when managing visual merchandising projects.

Assessment Criteria

  • 2.1

    Explain what ‘value for money’ means when managing visual merchandising project.

  • 2.2

    Explain why ‘value for money’ does not just mean paying the lowest prices.


3

Be able to agree costs with decision makers for visual merchandising projects.

Assessment Criteria

  • 3.1

    Calculate estimates of the costs of proposed visual merchandising projects.

  • 3.2

    Prepare business cases for visual merchandising project budgets that show how value for money will be achieved.

  • 3.3

    Present budget proposals to decision makers in ways that attempt to persuade them to adopt the proposals.

  • 3.4

    Negotiate budgets with decision makers in ways that attempt to keep them committed to the project’s aims.


4

Be able to control costs for visual merchandising projects.

Assessment Criteria

  • 4.1

    Explain to colleagues the cost limits they must work within on visual merchandising projects.

  • 4.2

    Maintain accurate records of project expenditure in line with organisational procedures.

  • 4.3

    Identify unacceptable discrepancies in project expenditure.

  • 4.4

    Take action to resolve any discrepancies in project expenditure when this falls within own authority.

  • 4.5

    Report unacceptable discrepancies in project costs to the designated person when resolving such discrepancies is not within own authority.

  • 4.6

    Identify areas where value for money could have been improved within budget limits for the project.


5

Be able to keep colleagues informed on expenditure on visual merchandising projects.

Assessment Criteria

  • 5.1

    Keep colleagues informed on expenditure on visual merchandising projects.