Manage operations to budget

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver SIRXFIN005A, 'Manage operations to budget'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Manage operations to budget' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

Element

Performance Criteria

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

1. Control costs.

1.1.Implement effective cost reduction measures, according to company policy and procedures.

1.2.Assess and interpret information on costs and resource allocation.

1.3.Encourage team members actively to control costs in their areas of responsibility.

1.4.Implement recommendations promptly for improving cost reduction or communicate to relevant personnel.

2. Control budget.

2.1.Monitor and maintain expenditure within budget targets according to business policy.

2.2.Compare actual income and expenditure to budget targets at regular intervals according to business policy.

2.3.Analyse gross profit and loss figures by business areas and compare with budget targets.

2.4.Monitor net profit figures and report according to budget targets.

2.5.Inform relevant personnel promptly where potential occurs for budget under or overspend.

2.6.Take prompt corrective action where significant deviations from budget occur.

2.7.Negotiate necessary changes to agreed budget allocations in advance of requirement.

2.8.Authorise modifications to existing budgets according to business policy.

3. Propose expenditure.

3.1.Ensure estimates of costs and benefits are supported by valid, relevant information.

3.2.Ensure final recommendations are supported by realistic alternatives and contain accurate, clear proposals.

3.3.Ensure recommendations clearly indicate net benefits over designated timeframe and related changes in operations.

3.4.Clarify contentious issues by further explanation.

3.5.Compare estimates to actual costs and benefits to improve future proposals.

4. Maintain business accounting systems.

4.1.Manage and maintain business policy and procedures in regard to record-keeping systems.

4.2.Monitor and maintain business systems for recording sales figures, revenue and expenditure.

4.3.Monitor and maintain systems for recording and retrieving financial, personnel and payroll information as required by business policy and relevant legislation.

5. Prepare business sales budgets.

5.1.Observe business policy and procedures in regard to preparation of budget or target figures.

5.2.Compare, analyse, document and report budget and accurate sales revenue and expenditure figures, according to budget targets and business policy.

5.3.Maintain accurate records on past sales budgets or targets according to business policy.

5.4.Present proposed budgets or targets accurately and concisely.

5.5.Justify variations to proposed targets and report according to business policy.

5.6.Report sales budgets accurately and concisely.

6. Set budget targets and monitoring mechanisms.

6.1.Conduct budget negotiations within a set timeframe and in a manner likely to promote good relationships.

6.2.Ensure budget negotiations reflect the overall business policies and objectives relevant to the manager’s area of responsibility.

6.3.Acquire and deploy resources, according to relevant legislation and company guidelines.

6.4.Maintain accurate and up to date records of resource allocation and usage according to company guidelines.

6.5.Develop and review management systems that enable timely collection, management and processing of information.

6.6.Complete records of budget performance and expenditure and report according to company procedures and guidelines.

6.7.Enforce budget audit mechanisms and compliance requirements.

6.8.Inform relevant personnel promptly of budget decisions.


Qualifications and Skillsets

SIRXFIN005A appears in the following qualifications:

  • FPI60111 - Advanced Diploma of Forest Industry Sustainability
  • SIR50107 - Diploma of Retail Management