Highlights
Knowledge-based Questions
Case Study
Budgets
1. Create a one-page guide for a hypothetical organization outlining how to access budget and financial plans. You should also note which person you would need to consult with and what issues might need to be addressed, e.g. any changes to be made.
2. What is the purpose of a contingency plan? Note five possible contingencies.
3. Who might you need to inform about budget/financial plans in an organization? What information would the respective people need to know?
4. Outline how the following resources and systems can help to manage financial management processes in your line of work.
5. List three causes of cost variation.
6. Outline how cost expenditure meetings can be undertaken, list possible participants, and what would be discussed in each one.
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