This unit describes the skills and knowledge required to manage financial resources in a complex environment for a substantial business unit or organisation.
Leaders are typically required to forecast future financial resource needs, analyse current asset performance and capacity to a standard expected in a commercial environment, and to set business targets. There is a requirement to manage compliance mechanisms, to manage financial risk within agreed plans and mechanisms, and to monitor compliance with financial projections.
It applies to the management of financial resources relating to complex and diverse operations or projects and is an important aspect of work for managers or leaders.
It may relate equally to small-scale activities within a small to medium-sized organisation or a significant activity in a large organisation.
No licensing, legislative or certification requirements apply to this unit at the time of publication.