A range of assessment methods should be used to assess practical skills and knowledge The following examples are appropriate for this unit projects and activities that allow assessment of the individuals ability to prepare and monitor budgets produce reports evaluating actual performance against estimated performance produce financial reports related to the budgets evaluation of reports produced by the individual detailing the processes undertaken to prepare a budget direct observation of the individual negotiating the acceptance of a proposed budget use of case studies and problemsolving activities about budget deviations and required actions use of case studies and problemsolving activities about budget deviations and required actions written or oral questioning to assess knowledge of budget preparation and monitoring practices and techniques review of portfolios of evidence and thirdparty workplace reports of onthejob performance by the individual review of portfolios of evidence and thirdparty workplace reports of onthejob performance by the individual.
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