This assessment task is designed to evaluate student’s following skills and abilities:
Skill to negotiate and incorporate agreed modification in the budget based on organisational policy and procedures.
Skill to prepare final budget in clear format within designated timelines and inform the affected colleagues with final budget decisions and relevant work areas, roles and responsibilities.
Skill to review budget regularly and check the performance and prepare accurate financial reports.
Skill to incorporate all financial commitments and investigate and take appropriate action to handle significant deviations.
Skill to analyse internal and external changes and adjust the budget accordingly.
Skill to collect and record relevant information to help in future project’s budget preparation.
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.
