Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
TLIP5025A Mapping and Delivery Guide
Set and achieve budget
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | TLIP5025A - Set and achieve budget |
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Description | This unit involves the skills and knowledge required to set and achieve a workplace budget in accordance with relevant regulatory requirements and workplace procedures. This includes planning the budget requirements, monitoring the budget and taking appropriate corrective action, monitoring expenditure, and reviewing and appropriately modifying the budget if necessary. Licensing, legislative, regulatory or certification requirements are applicable to this unit. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | Work must be must be carried out in compliance with the relevant regulations, standards and financial codes of practice.Work is under general guidance on progress and outcomes of work. It requires discretion and judgement for self and others in planning and using resources, services and processes to achieve required outcomes within workplace policy and procedures.A range of opportunities may be used to develop the work area and to support the development of work systems, innovative strategies to deal with contingencies and to encourage the achievement of the workplace's goals and key performance objectives by the work area and the individuals and teams within it.The unit generally applies to those with responsibility for resource coordination and allocation and who provide leadership of others individually or in teams. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | Not Applicable | ||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Plan budget requirements |
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Element: Monitor budget and take corrective action |
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Element: Monitor expenditure |
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Element: Review and modify budget |
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