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Elements and Performance Criteria

1. Develop a budget
   • Budget format is determined and consistent with organisational guidelines and procedures, cost elements are identified and quantified and cost benefit analyses are prepared for major cost items in accordance with the organisations policy and procedures
   • Sub-budgets prepared by other staff are coordinated in order that desired objectives are achieved
   • Organisational established procedures on policies and specifications are obtained or established with the appropriate persons
   • Testing parameters are established from organisational established procedures on policies and specifications
   • Testing procedures are discussed with appropriate persons in order to ascertain the project brief
   • Cost benefit analysis are prepared for major cost items in accordance with the organisation's policy and procedures
   • Work roles and tasks are allocated according to requirements and individual's competencies
   • Work is prioritised and sequenced for the most effective outcome, completed within an acceptable timeframe to a quality standard and in accordance with established procedures
   • Liaison and communication issues with authorised persons, authorities and resolved and activities coordinated to carry out work
   • Risk control measures are identified, prioritised and evaluated against the work schedule
2. Allocate, authorise and monitor expenditure
   • Financial resources are allocated as agreed in the operational plan and is monitored to ensure that expenditure management meets the financial accountability requirements of the organisation
   • Supply and expenditure processes are performed in accordance with corporate governance and organisational protocols and procedures
   • Mathematical models are used to analyse the financial reports as per requirements and established procedures
   • Sub-budgets and financial allocation is continually monitored against organisational objectives and priorities ensuring optimum service delivery
   • Essential Knowledge and Associated Skills are applied to analyse specific data and compare it with compliance specifications to ensure completion of the project within an agreed timeframe according to requirements
   • Re-allocation of resources is undertaken taking into account of enterprises needs and priorities
   • Work teams are arranged to ensure planned goals are met according to established procedures
   • Solutions to non-routine problems are identified and actioned, according to requirements, using acquired Essential Knowledge and Associated Skills,
   • Quality of work is monitored against personal performance agreement and established organisational and professional standards
   • Strategic plans are developed incorporating organisation initiatives as per established procedures
3. Utilise relevant financial management information systems and review budget management
   • Management information systems are used for planning, implementing and monitoring the use of financial resources in accordance with company policies and established procedures
   • Management information system reports are produced, verified and interpreted
   • Management of budget is reviewed in accordance with company policies and established procedures
   • Management of budget is reported in accordance with company policies and established procedures
   • Appropriate persons are notified of completion and reports and completion documents are finalised.
   • Reports and completion documents are submitted to relevant persons for approval and where applicable, statutory or regulatory approval
   • Approved copies of documents are issued and records are updated in accordance with established procedures

Required Skills

This describes the essential skills and knowledge and their level required for this unit

Evidence shall show that knowledge has been acquired of working practices for managing financial resources in a Gas Industry facility

All knowledge and skills detailed in this unit should be contextualised to current industry practices and technologies

KSGB	Gas industry financial management
	G	Understand and implement financial management Evidence shall show an understanding of the requirements to perform applicable Gas Industry financial management activities indicated by the following Understanding financial management with the ability to reporton project and company budgets utilising financial statements as required by organisational policies and procedures These include but are not limited tounderstanding financial management fundamentals and the how the following are tracked through in an accounting system assets and liabilities revenue expenses equity source documents journals ledgers trial balance reading interpreting and reporting on projectcompany progress using accounting reports such as budget and cash flow reports understanding of resource management systems to monitor inventory stock consumables and physical resources and other assets managing resources maintaining assetsassets management stockconsumables control maintaining assets register understanding of computer accountingbookkeeping software effectively accounting software systems invoicing reconciling accounts purchasing stock control general ledger payroll reporting

Evidence Required

The Evidence Guide forms an integral part of this Unit and shall be used in conjunction with all components parts of this unit and performed in accordance with the Assessment Guidelines of this Training Package

Overview of Assessment
	such as Profiling require data to be reliably gathered in a form that can be consistently interpreted over time This approach is best utilised in Apprenticeship programs and reduces assessment intervention It is the Industrys preferred model for apprenticeships However where summative or final assessment is used it is to include the application of the competency in the normal work environment or at a minimum the application of the competency in a realistically simulated work environment It is recognised that in some circumstances assessment in part or full can occur outside the workplace However it must be in accord with industry and regulatory policy in this regard
	Methods chosen for a particular assessment will be influenced by various factors These include the extent of the assessment the most effective locations for the assessment activities to take place access to physical resources additional safety measures that may be required and the critical nature of the competencies being assessed
	The critical safety nature of working with electricity electrical equipment gas or any other hazardous substancematerial carries risk in deeming a person competent Hence sources of evidence need to be rich in nature so as to minimise error in judgment
	Activities associated with normal every day work have a bearing on the decision as to how much and how detailed the data gathered will contribute to its richness Some skills are more critical to safety and operational requirements while the same skills may be more or less frequently practised These points are raised for the assessors to consider when choosing an assessment method and developing assessment instruments Sample assessment instruments are included in the Assessment Guidelines of this Training Package

Critical aspects of evidence required to demonstrate competency in this unit
	Before the critical aspects of evidence are considered all prerequisites shall be met
	Evidence for competence in this unit shall be considered holistically Each element and associated Performance Criteria shall be demonstrated on at least two occasions in accordance with the Assessment Guidelines UEG Evidence shall also comprise
	A representative body of Performance Criteria demonstrated within the timeframes typically expected of the discipline work function and industrial environment In particular this shall incorporate evidence that shows a candidate is able to
	Implement Occupational Health and Safety workplace procedures and practices including the use of risk control measures as specified in the Performance Criteria and range
	Apply sustainable energy principles and practices as specified in the Performance Criteria and range
	Demonstrate an understanding of the essential knowledge and associated skills as described in this unit to such an extent that the learners performance outcome is reported in accordance with the preferred approach namely a percentile graded result where required by the regulated environment
	Demonstrate an appropriate level of employability skills
	Conduct work observing the relevant Anti discrimination legislation regulations polices and workplace procedures
	Demonstrate performance across a representative range of contexts from the prescribed items below

		Range of toolsequipmentproceduresworkplace
		Group No	The minimum number of items on which skill is to be demonstrated	Item List
		A	At least	Budget formats Zero based budgeting Program budgeting Line item budgeting
		B	All	Operating budget Staffing costs Capital expenditureincome Recurrent expenditureincome Forward estimates Cash flow
		C	All	Policy Supply Procurement Expenditure Audit Reporting and recording policies
		D	At least	Financial reports Annual reports Program financial statements Accrual reports Monthlyquarterly financial reports
		E	At least	Management information systems Computers Communication channels Records management data Procedures Protocol Legislation Guidelines and awards Organisation legal and policy materials Client information Market trends Registry and file records Financial records Basic statistical information
		F	At least one occasion	Deal with an unplanned event by drawing on essential knowledge and associated skills to provide appropriate solutions incorporated in the holistic assessment with the above listed items

Context of and specific resources for assessment
	This unit should be assessed as it relates to normal work practice using procedures information and resources typical of a workplace This should include
	OHS policy and work procedures and instructions
	Suitable work environment facilities equipment and materials to undertake actual work as prescribed by this Unit
	Appropriate environmental regulation and work practices
	Appropriate organisational requirements
	Appropriate work environment equipment and tools
	In addition to the resources listed above in Context of and specific resources for assessment evidence should show demonstrated competency of managing financial resources in a Gas Industry facility
	Assessment of this competency must also be undertaken in either an actual workplace or under a simulated work environment Assessment must also integrate the employability skills

Method of assessment
	This Unit shall be assessed by methods given in Volume Part Assessment Guidelines
	Note Competent performance with inherent safe working practices is expected in the Industry to which this Unit applies This requires that the specified Essential Knowledge and Associated Skills are assessed in a structured environment which is primarily intended for learningassessment and incorporates all necessary equipment and facilities for learners to develop and demonstrate the Essential Knowledge and Associated Skills described in this unit

Concurrent assessment and relationship with other units
	There are no recommended concurrent assessments with this unit however in some cases efficiencies may be gained in terms of learning and assessment effort being concurrently managed with allied Units where listed
	UEGNSGB UEGNSG117B	Plan and implement the data acquisition and metering requirements of a gas system
	UEGNSGB UEGNSG118B	Select and commission equipment to meet pressure and temperature control specifications
	UEGNSGB UEGNSG119B	Manage workplace risk
	UEGNSGB UEGNSG120B	Manage gas system environmental compliance
	UEGNSGB UEGNSG121B	Prepare and design specifications for a gas system
	UEGNSGB UEGNSG115B	Manage gas system projects
	UEGNSGB UEGNSG122B	Manage a customer service gas business unit
	UEGNSGB UEGNSG116B	Manage physical resources

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Range Statement

10) This relates to the competency standard unit as a whole providing the range of contexts and conditions to which the Performance Criteria apply. It allows for different work environments and situations that will affect performance.

This Unit shall be demonstrated in relation to managing financial resources in a Gas Industry facility.

The following constants and variables included in the element/Performance Criteria in this unit are fully described in the Definitions Section of this volume and form an integral part of the Range Statement of this unit:

Budget formats

Operating budget

Policy

Financial reports

Management information systems

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