Task 1.4 - Finalise Budget Page |11 Contribute to the finalisation of project budget and costs. STEPS TO TAKE 1. Update all documentation related to your project's resource cost estimates developed in Task 1.2 based on the feedback and input received in Task 1.3. 2. Develop a Budget Approval document based on the updated cost estimates. Use your organisation's templates for recording and approving project budgets, or you may use the Project Budget Approval template provided along with this workbook. 3. Meet with your project manager to seek approval and finalise the budget while being observed by your assessor. IMPORTANT: This task must be completed twice for each of the two projects you are undertaking as part of this assessment. YOU WILL BE ASSESSED ON YOUR Practical knowledge of project budgeting processes Practical skills in contributing to the finalisation of the project budget and costs OBSERVATION FORM AND ASSESSOR'S CHECKLIST Before starting this task, review the following checklists provided along with this workbook