This unit introduces the rationale and basic approaches behind costing and feasibility analysis. Effective business managers determine whether changes or initiatives in business operations are financially feasible and justify their rationale.

You will explore small scale changes involving existing operations, to larger scale investments involving capital expenditure. Case studies are used to illustrate the importance of being able to calculate costs and returns and make judgements about financial feasibility. You will undertake a process of appreciative inquiry using an industry scenario to analyse its costing and feasibility.

This unit also introduces learning through practice by exposing you to authentic learning experiences. These experiences are placed at the centre of learning and assessment, so you can develop the skills, knowledge, and behaviours necessary to respond to industry, community, and/or global needs by using:

- a range of methods, tools, techniques and approaches to practice

- principles and perspectives such as values, ethics, empathy and leadership in real world scenarios

- reflection and deliberative thinking as a means of developing knowledge, skills, attitudes and aspirations

- ways of understanding problems and developing solutions through active inquiry.