26302 version 1
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Level 5
Credits 8
Purpose People credited with this unit standard are able to: demonstrate knowledge of conventions and incentives industry project revenue and expenditure budgets; and produce a budget, produce a cash flow projection chart, and review the budget for a conventions and incentives industry project.
Subfield Tourism
Domain
Status
Status date
Date version published
Tourism Conventions and Incentives
Registered
19 March 2010
19 March 2010
Planned review date
Entry information
31 December 2015
Open.
Replacement information
Accreditation
This unit standard replaced unit standard 18577.
Evaluation of documentation and visit by NZQA and industry.
Standard setting body (SSB) ServiceIQ
Accreditation and Moderation Action Plan (AMAP) reference 0078
This AMAP can be accessed at http://www.nzqa.govt.nz/framework/search/index.do.
Special notes
1 Assessment against this unit standard must take place in a conventions and incentives industry workplace. Evidence of competency in this unit standard cannot be demonstrated under simulated conditions in a training provider environment.
2 Definitions
Conference and/or convention refers to a formal meeting or assembly of attendees for consultation, discussion, or for some special or occasional purpose which includes a minimum of 50 attendees, two days duration, and the use of a venue.
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26302 version 1
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Conventions and incentives industry refers to organisations involved in the management, marketing, or implementation of conventions, conferences, or incentives.
Incentive is a global management tool that uses a reward to motivate and/or recognise participants for increased levels of performance in support of organisational goals.
Industry practice refers to the expected standards of performance required of a professional working in the conventions and incentives industry. An indication of criteria for standards may include but is not limited to – documented workplace policies and procedures, industry codes of practice, and drafted constitutions and/or codes of ethics of industry associations, such as those produced by the following:
Meetings and Events Australia (MEA), Sydney, http://www.meetingsevents.com.au.
International Congress and Convention Association (ICCA), Amsterdam, http://www.iccaworld.com.
International Association of Professional Congress Organisers (IAPCO), London, http://www.iapco.org.
Society of Incentive and Travel Executives (SITE), Chicago, http://www.site-intl.org.
Conventions and Incentives New Zealand (CINZ), Auckland, http://www.conventionsnz.com.
Project refers to a conference, convention, or incentive.
Venue refers to any place where a conference, convention, or incentive is held.
Element 1
Demonstrate knowledge of conventions and incentives industry project revenue and expenditure budgets.
Performance criteria
1.1 The processes involved in the production of conventions and incentives industry project budgets are explained in terms of standard accounting and industry practice.
1.2
Element 2
A conventions and incentives industry project budget is interpreted in accordance with industry practice.
Produce a budget for a conventions and incentives industry project.
Performance criteria
2.1 The budget is produced for a conventions and incentives industry project.
Range must include but is not limited to
– revenue, projected market mix, history, market share, internal and external influences.
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2.2 The budget produced includes sales projections, revenue projections, performance indicators, and makes comparisons in accordance with industry practice.
Range must include but is not limited to – cost of sales, cost of marketing, cost of venue, cost of catering.
2.3
Element 3
The budget produced meets objectives of the project.
Produce a cash flow projection chart for a conventions and incentives industry project.
Performance criteria
3.1 Cash flow projection chart is produced based on the project budget.
Element 4
Review the budget for a conventions and incentives industry project.
Performance criteria
4.1 Differences between actual and budgeted figures are identified, a variance report produced, and remedial action initiated, if required, in accordance with industry practice.
Please note
Providers must be accredited by NZQA, or an inter-institutional body with delegated authority for quality assurance, before they can report credits from assessment against unit standards or deliver courses of study leading to that assessment.
Industry Training Organisations must be accredited by NZQA before they can register credits from assessment against unit standards.
Accredited providers and Industry Training Organisations assessing against unit standards must engage with the moderation system that applies to those standards.
Accreditation requirements and an outline of the moderation system that applies to this standard are outlined in the Accreditation and Moderation Action Plan (AMAP). The
AMAP also includes useful information about special requirements for organisations wishing to develop education and training programmes, such as minimum qualifications for tutors and assessors, and special resource requirements.
Comments on this unit standard
Please contact the ServiceIQ qualifications@serviceiq.org.nz if you wish to suggest changes to the content of this unit standard.
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New Zealand Qualifications Authority 2020