70 56 00 05 20 Update budget

Version 8.1 by Randell Greenlee on 2021/10/20 15:11
Contents

Title (70 56 00 05 20) Update budget

ESCO description

TitleUpdate 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: In progress / second read / finalised (date)

(The notes below will be removed at the end of the project)

References 

 

Sectoral layer

This skill should be understood in relation to each unit: lighting = lighting budget, sound = sound budget, and so on... 

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

Training

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

References

  • TTT/LPT - Update budget - Page 230
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