Purpose of the assessment task: This assessment task is designed to evaluate student’s following skills and abilities:
Skills to identify the scope and nature of required budget and the data and data source for budget preparation.
Skill to analyse potential impact on budget by internal and external factors.
Skill to engage colleagues and required stakeholders to get input during budget planning process.
Skill to draft budget with estimated income and expenditures based on valid, reliable and relevant information.
Skill to reflect organisational objectives while drafting budget.
Skill to analyse and provide options and recommendations on the budget in clear format and circulate it to the relevant stakeholders for their input.
Reading skills to collect, review, interpret/understand and analyse/review text-based business information from a range/number of sources.
Written and oral/speech communication skills to organise and deliver information to effectively communicate on document design and development processes to a range of stakeholders/interested people.
Numeracy/numbers- mathematical skills to interpret/understand mathematical data when reviewing and analysing scenario/setting-situation business information.
Skills to work independently/freely as well as collaboratively/together to make decisions about managing document design and development.
Skills to interact/cooperate with others using appropriate conventions/systems when communicating to, and consulting/discussing with stakeholders/interested parties.
