Elements and Performance Criteria
- Plan financial management approaches
- Accessbudget/financial plansfor the work team
- Clarify budget/financial plans withrelevant personnelwithin the organisation to ensure that documented outcomes are achievable, accurate and comprehensible
- Negotiate any changes required to be made to budget/financial plans with relevant personnel within the organisation
- Preparecontingency plansin the event that initial plans need to be varied
- Implement financial management approaches
- Disseminate relevant details of the agreed budget/financial plans to team members
- Providesupportto ensure that team members can competently performrequired rolesassociated with the management of finances
- Determine and accessresources and systemsto manage financial management processes within the work team
- Monitor and control finances
- Implementprocesses to monitor actual expenditure and to control costs across the work team
- Monitor expenditure and costs on an agreed cyclical basis to identify cost variations and expenditure overruns
- Implement, monitor and modify contingency plans as required to maintain financial objectives
- Reporton budget and expenditure in accordance with organisational protocols
- Review and evaluate financial management processes
- Collect and collate for analysis,data and information on the effectiveness of financial management processeswithin the work team
- Analyse data and information on the effectiveness of financial management processes within the work team and identify, document and recommend any improvements to existing processes
- Implement and monitor agreed improvements in line with financial objectives of the work team and the organisation