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