This task will require you to discuss and a budget planning report in consultation with at least two colleagues.

Colleague refers to a co-worker, usually of same rank or standing, who helps in planning the budget of the organisation.

STEPS TO TAKE:

1. Access and review workplace documents containing information on sources relevant to preparing budgets. These include:

• Operational data reports
• Financial data reports

1. Consult with at least two colleagues to plan for the budget of the organisation.

During the consultation with the colleagues do the following:

1. Confirm the following information relevant to budget:

• Scope of required budgets must include:
• Objectives
• Goals
• Resources
• Schedule
• Nature of required budget

1. Discuss the following sources of information relevant to budget preparation:

• At least two relevant data sources
• At least two relevant data

1. Analyse at least two of each of the following that impact budget development:

• Internal factors
• External factors

1. Seek input relevant to the budget planning process.
2. Complete a budget planning report with information from the above.

Use your organisation's template for gathering budget information. You may also use the Budget Planning Report template provided along with this workbook.

YOU WILL BE ASSESSED ON YOUR

• Practical knowledge of gathering budget information for drafting the budget of the organisation.
• Practical skills relevant to consulting with the colleagues to contribute to budget planning process

OBSERVATION FORM AND ASSESSOR'S CHECKLIST

Before starting this task, review the following checklists provided along with this workbook.

• Workplace Assessment Task 1 - Observation Form

This form lists all the practical skills you need to demonstrate while completing this task.

• Workplace Assessment Task 1 - Assessor's Checklist

This form lists the criteria your submission must address to complete this task satisfactorily.

YOUR ASSESSOR WILL

• Organise workplace resources required for you to complete this assessment.
• Advise you on the time and location of the assessment.
• Discuss with you the requirements listed in the Assessor's Checklist prior to the assessment.
• Address your queries and concerns regarding this task.

EVIDENCE TO BE SUBMITTED

After completing this task, submit the Budget Planning Report to your assessor.