Competences - 70 56 00 05 20 Update budget 

Page / - last modified by Randell Greenlee on 2022/02/16 06:50 

70 56 00 05 20 Update budget 
last modified by Randell Greenlee
on 2022/02/16 06:50

Table of Contents
Title (70 56 00 05 20) Update budget
ESCO description
In other languages
Development notes
Sectoral layer
Sectoral detail
Assessment
Training
References

Contents
•	Title (70 56 00 05 20) Update budget
•	ESCO description
•	In other languages
•	Development notes
•	Sectoral layer
•	Structure
•	Sectoral detail
•	Skills
•	Knowledge
•	Autonomy / attitude
•	Assessment
•	Self assessment
•	Mentor assessment
•	Acceptable assessment methods
•	Training
•	References
Title (70 56 00 05 20) Update budget
ESCO description
Title	Update budget	
Description:	Make sure that a given budget remains up to date using most recent and most accurate information. Anticipate possible variations and ensure that the set budgetary goals can be reached within the given context.	
Scope note:	n.a.	
Concept URI:	http://data.europa.eu/esco/skill/1972c7f5-b157-42ad-bd7e-0e05cdfd5327	
ESCO version:	1.08	
In other languages
Deutsch:	Finanzmittel auf dem neuesten Stand halten (Sicherstellen, dass ein Haushalt stets auf dem neuesten Stand ist unter Verwendung der aktuellsten und genauesten Informationen. Vorhersage möglicher Abweichungen und Sicherstellen, dass die festgelegten Haushaltsziele im gegebenen Kontext erreicht werden können.)	
Nederlands:	budget bijwerken (Zorg ervoor dat een bepaald budget actueel blijft aan de hand van de meest recente en meest nauwkeurige informatie. Inspelen op mogelijke variaties en ervoor zorgen dat de budgettaire doelstellingen binnen de gegeven context kunnen worden bereikt.)	
Italiano:	aggiornare il bilancio (Assicurarsi che un determinato bilancio rimanga aggiornato utilizzando le informazioni più recenti e più accurate. Anticipare eventuali variazioni e garantire che gli obiettivi di bilancio fissati possano essere conseguiti nel contesto specifico.)	

Development notes
Status: final read / finalised (date)
(The notes below will be removed at the end of the project)
References?

Sectoral layer
Structure
Field and subfield:	70 56	
Place in the process:	10	
Level:	00	
Unique identifier:	20	

Sectoral detail
Skills
•	Gather accurate and detailed information about expenditures
•	Monitor expenditure progress against the given budget
•	Gather accurate and detailed information on foreseen changes
•	Update budgets according to the changed needs and the available budget
•	Reallocate costs to expenditure headings to reflect changes
•	Report current situation to responsible people
Knowledge
•	Methods for budgeting
•	Sorts of expenditure headings and budget levels (available budget)
•	Organisations financial systems and procedures
•	Reporting methods
•	Documenting methods
Autonomy / attitude
•	Being realistic
•	Sense of methodology
•	Awareness of cost-effectiveness

Assessment
Self assessment
 1.	I don't know how to prepare set production budgets and estimate the necessary costs.
 2.	I am uncertain how to prepare set production budgets and estimate the necessary costs.
 3.	I know how to prepare set production budgets and estimate the necessary costs.
 4.	I am more than able to prepare set production budgets and estimate the necessary costs.
Mentor assessment
 1.	... doesn't know how to prepare set production budgets and estimate the necessary costs.
 2.	... is uncertain how to prepare set production budgets and estimate the necessary costs.
 3.	... knows how to prepare set production budgets and estimate the necessary costs.
 4.	... is more than able to prepare set production budgets and estimate the necessary costs.
Acceptable assessment methods
•	Post Box Exercise
•	Criterion Based Interview
•	Supportive:
•	Structured Portfolio

Training
Working with training budgets (Post Box Exercises) in different situations and venues.

References
•	TTT-LPT - Live Performance Techniques, Competence Units for Technical Theatre, 70 56 00 08 - Update budget, Page 230
•	Germany: Fachkraft für Veranstaltungstechnik – Event Technology Specialist - Learning Area A: Skills, Knowledge and Competences – (Item 7.4a) Document the order process, contract and accounting data, Record quantitative changes for planning, Determine increases or decreases in outlay, Gather the necessary data for billing (e.g. hourly records, subleases, material expenses) – BiBB Bundesinstitut für Berufsbildung, AUSBILDUNG GESTALTEN - Fachkraft für Veranstaltungstechnik, Bonn 2017, ISBN: 978-3-7639-5873-3 (Print), ISBN: 978-3-96208-021-1 (PDF)
•	Netherlands: Qualification File Stage and Event Technology, crebonumber 79040, learning area P3-K1: Voert de preproductie uit.  Sectorchambre ICT and Creative Industry, version 2022 (to be released August 2022), Zoetermeer 2021.