Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Assist in developing project budget

1.1 Identify project objectives, duration, deliverables and resource requirements

1.2 Apply cost-estimating methods and calculate costs of project resource requirements

1.3 Identify estimated costs for tasks and activities

1.4 Communicate cost estimates to relevant staff and confirm accuracy and obtain input for project budget and cash flow management

1.5 Contribute to finalisation of project budget and costs

1.6 Contribute to developing cost management strategies and processes

2. Monitor project costs

2.1 Monitor income and expenditure against project budget and established cost estimates at predetermined intervals

2.2 Identify and report variations in budget using established project cost methods, techniques and tools

2.3 Assist in managing budget and costs using established cost management strategies and processes

2.4 Confirm cost objectives remain achievable throughout project life cycle

2.5 Update cost estimates and budget according to income and expenditure

3. Contribute to cost-finalisation process

3.1 Assist relevant personnel to review final project outcomes, budget and costs

3.2 Seek feedback and identify cost-management improvements

3.3 Document cost-management improvements based on feedback received

SKILL 

DESCRIPTION 

Reading

• Applies appropriate strategies to construct meaning from complex texts

Writing

• Prepares reports and reviews matching writing style to purpose and audience

Oral Communication

• Uses clear language and appropriate features to convey and discuss cost-management issues

Numeracy

• Extracts and evaluates mathematical information embedded in a range of tasks and texts
• Uses a range of informal and formal oral and written mathematical language and symbols to communicate mathematically

Self-management

• Identifies and follows protocols

Teamwork

• Collaborates and cooperates with others to achieve shared goals

Planning and organising

• Reflects on outcomes to identify future improvement opportunities

Release  

Comments  

Release 1

This version first released with BSB Business Services Training Package Version 7.0.