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?
Develop a budget
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Budgets are developed in the required format and consistent with organisation's guidelines and procedures. Completed |
Evidence:
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Cost elements are identified and quantified to eliminate/reduce wastage. Completed |
Evidence:
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Cost-benefit analyses are prepared for major cost items in accordance with the organisation's policy and procedures. Completed |
Evidence:
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Sub-budgets prepared by other staff are coordinated in order that desired objectives are achieved. Completed |
Evidence:
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Implications of major shifts in proposed or actual budget expenditures are analysed, determined and taken into account. Completed |
Evidence:
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Performance indicators are developed and agreement reached based on the budget. Completed |
Evidence:
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Allocate, authorise and monitor expenditure
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Financial resources are allocated as agreed to in the operational plan and the budget negotiation process (as appropriate). Completed |
Evidence:
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Expenditure management meets the financial accountability requirements of the organisation. Completed |
Evidence:
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Expenditure is kept within budget or any potential over-runs identified and budget renegotiated accordingly. Completed |
Evidence:
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Expenditure is authorised within financial authority limits established by the organisation. Completed |
Evidence:
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Supply and expenditure processes are in accordance with corporate governance and organisational protocols. Completed |
Evidence:
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Financial reports are produced when and in a format required by the organisation. Completed |
Evidence:
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Sub-budgets are continuously monitored to ensure appropriate controls and authorisations are observed. Completed |
Evidence:
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Finance allocation is continually monitored against organisational objectives and priorities ensuring optimum service delivery. Completed |
Evidence:
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Re-allocation of resources is undertaken taking account of needs and priorities. Completed |
Evidence:
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Utilise relevant financial management information systems
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Management information systems are used for planning, implementing and monitoring the financial resources usage. Completed |
Evidence:
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Management information system reports are produced, verified and interpreted. Completed |
Evidence:
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