SECTION 3:

1. Seek an opportunity to implement each contingency plan as identified inPart D. Contingency Plansof yourFinancial Management Plan.

2. Access your organisation's policies and procedures relevant to modifying contingency plans:

This includes, but is not limited to the following:

• Contingency Planning Policies and Procedures
• Continuous Improvement Policies and Procedures

3. To complete this task, you must implement the contingency plans identified in yourFinancial Management Planfrom Task 2: Section 3.

4. Implement each contingency strategy identified inPart D. Contingency Plansof yourFinancial Management Plan.

You must implement at least two strategies, at least one strategy for the budget plan and at least one strategy for your financial plan.

During your implementation you must update the following for each contingency strategy inPart D. Contingency Plans ofyourFinancial Management:

• Actual implementation date
• Actual outcome

You must secure proof at least one evidence that you implemented each of the contingency strategies outlined in yourFinancial Management Plan. This is to be submitted as supplementary evidence at the end of this task.

This includes, but is not limited to the following:

• Revised budgets
• Correspondence with new supplier
• Interview notes with team regarding updated processes

5. Review the implementation, to identify at least two modifications to your contingency plan to ensure that this is in line with your identified financial objectives.

6. Provide the following information on the onPart D. Contingency Planof yourFinancial Management Plan:

• Revised contingency plan based on implementation, which must contain the following:
  • Associated risk
  • Contingency strategy
  • Implementation Date
  • Expected Outcome
• On you're the 'Modifications' table:
  • At least two modifications made to contingency plan
  • Explanation of how each would help reach identified financial objectives

Modifications must be based on the results of the implementation of your contingency plans and organizational objectives outlined in yourFinancial Management Plan.

You must highlight ALL modification done to yourFinancial Management Plan.

7. UpdatePart E. Version Controlof yourFinancial Management Planto reflect ALL modification toPart D. Contingency Plans.

This must include the following information:

• Date of modification
• Modification made to Financial Management Plan
• New version control number

8. Submit the following to your assessor:

• CompletedFinancial Management Plan,with the Part D. Contingency Plan completed

9. At least two evidence of implementation of each contingency strategy, one for each contingency strategy

SECTION 3: Financial Management Plan

PART D. CONTINGENCY PLAN
Financial Contingency Plan
Financial Plan Risk Assessment
Risk	Factors to Consider	L	C	R	P	Contingency Strategy
Action Plan
Risk	Contingency Strategy	Implementation Date	Expected Outcome	Actual Implementation Date	Actual Outcome
Modifications
PART E. VERSION CONTROL
Date	Summary of modifications	Version	Supervisor Signature