Unit of competency Outline

Date retreived
22/07/2026 9:06 PM AWST

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Manage a work area within budget

Manage a work area within budget

Unit of competency
National Code
FBPPPL4006
State Code
BBF78
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
23/01/2018
View on TGA
State Implementation and Classification
Approved Date
27/07/2018
Field of Education
080101 - Accounting
Original Release Date
27/07/2018
Nominal Hours
55
Description
This unit of competency describes the skills and knowledge required to plan, allocate and monitor work to achieve required outcomes within budget allocations.The unit applies to individuals who are team leaders and are typically required to reach decisions on resource utilisation within budget constraints, and provide and communicate solutions to a range of predictable and sometimes unpredictable problems.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify and plan within budget parameters
  • 1.1 Determine budget requirements and parameters for work area
  • 1.2 Determine, confirm and allocate resources to achieve production schedule within budget and according to workplace policy
2. Monitor resource utilisation against budget
  • 2.1 Monitor performance to identify actual or potential variance to budget
  • 2.2 Identify, investigate and report variances to budget according to workplace reporting requirements
  • 2.3 Determine and communicate potential failure to achieve targets within budget to appropriate personnel in a timely manner
  • 2.4 Take action to minimise negative impact of variance
3. Communicate budget information
  • 3.1 Make budget information available to relevant personnel in a timely manner
  • 3.2 Report budget information in the appropriate format and timelines according to workplace reporting requirements
  • 3.3 Make contributions to the development of workplace budgets
No information
No information
Replaces
State Code National Code Title Type
D4671 FDFPPL4006A Manage a work area within budget Unit of competency