Assessor Resource
CSCORG508A
Determine the effective use of financial resources
Assessment tool
Version 1.0
Issue Date: April 2024
This unit applies to candidates with both general and specialist competencies from a range of occupational areas.
Application of this unit will vary depending on legal and accountability structures of the organisation and will be influenced by whether performance is applied in a public sector organisation or a corporate sector organisation and the nature of service contracts and reporting.
In practice, determining the effective use of financial resources will overlap with other generalist or specialist work activities such as managing a work team, managing activities to meet client requirements, contributing to the goals of the organisation, gathering and reporting complex information, etc.
This unit of competency describes the outcomes required to manage resources across substantial programs and activities of work. It covers making proposals for expenditure, agreeing budgets and controlling activities so that they operate within budget.
This is a generic management unit that has been designed to be contextualised for the requirements of different organisations and work roles.
This unit replaces and is equivalent to CSCORG020A Determine the effective use of financial resources.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)