The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Plan financial management approaches
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Budget/financial plans for the work team are accessed Completed |
Evidence:
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Budget/financial plans are clarified with relevant personnel within the organisation to ensure that documented outcomes are achievable, accurate and comprehensible Completed |
Evidence:
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Any changes required to be made to budget/financial plans are negotiated with relevant personnel within the organisation Completed |
Evidence:
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Contingency plans are prepared in the event that initial plans need to be varied Completed |
Evidence:
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Implement financial management approaches
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Relevant details of the agreed budget/financial plans are disseminated to team members Completed |
Evidence:
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Support is provided to ensure that team members can competently perform required roles associated with management of finances Completed |
Evidence:
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Resources and systems to manage financial management processes within the work team are determined and accessed Completed |
Evidence:
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Monitor and control finances
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Processes for reporting of expenditure, income, assets, stock, consumables, equipment and wastage are implemented across the work team to monitor actual expenditure and to control costs Completed |
Evidence:
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Expenditure and costs are monitored on an agreed cyclical basis to identify cost variations and expenditure overruns Completed |
Evidence:
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Contingency plans are implemented, monitored and modified as required to maintain financial objectives Completed |
Evidence:
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Review and evaluate financial management processes
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Data and information on the effectiveness of financial management processes within the work team are collected and collated for analysis Completed |
Evidence:
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Data and information on the effectiveness of financial management processes within the work team are analysed and any improvements to existing processes identified, documented and recommended Completed |
Evidence:
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Agreed improvements are implemented and monitored in line with financial objectives of the work team and the organisation Completed |
Evidence:
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