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BSB51107 Diploma of Management

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The candidate will demonstrate the ability to plan financial management approaches. Assessment description In response to the scenario provided, you will clarify budget plans with your manager and negotiate changes to the budget. You will then identify and analyse a risk to the budget and prepare a contingency plan to prevent or minimise the risk. Specifications You must: ● provide a contingency plan. Your assessor will be looking for: ● numeracy skills to read and understand a budget and negotiate budget re-allocations ● knowledge of basic accounting principles to identify and use account balances ● knowledge organisational requirements related to financial management such as contained in organisational policies and procedures ● knowledge of principles and techniques involved in budgeting. Adjustment for distance-based learners ● No variation of the task is required. ● Documentation can be submitted electronically or posted in the mail. Procedure 1. Read through the Case study (Appendix 1 of this document) and the scenario provided (Appendix 2 of this document) including tasks A and B. 2. Prepare to meet with your manager to clarify budget and negotiate changes: a. identify areas of the budget that are not achievable, inaccurate or unclear b. prepare to negotiate necessary changes to the budget c. set up a time with your manager to meet. 3. Meet with your manager to clarify budget and negotiate changes. a. identify at least two issues for clarification b. negotiate at least two changes. 4. Submit all documents required in the specifications below to your assessor. Ensure you keep a copy of all work submitted for your records.

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More BSB51107 Diploma of Management : Questions & Answers

Q

ECO82001 Economics and Quantitative Analysis

In your role as an economic analyst you have been asked the following question:   ï‚· How much does education affect wage rates?  The Excel data file (wage) contains 100 observations for each of the following variables:  Variable Label wage Earnings per hour ln_wage The log o ...

View Answer
Q

software development tools

I should get HD and it should not be with plagiarism. Please follow my assignment file requirements. I am not mentioning number of pages, so please write the assignment what it requires. ...

View Answer
Q

management theory and practices

Assessment item 2 Strategic Management OR Knowledge & Learning Value: 45% Due date: 11-Sep-2015 Return date: 02-Oct-2015 Length: 3000 words Submission method options Alternative submission method Task You are required to write a 3000 word essay on either Strategic Management or Management K ...

View Answer
Q

Software defined Networking

Research and write a 6 page report - IEEE format on Survey - introduction, concepts, challenges, advantages, applications, solution implementation & deployments and future of : Software defined Networking (SDN) and Network Functions Virtualization (NFV). Write at least 10 references. ...

View Answer

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