To provide candidates with a sound knowledge and understanding of proposals for expenditure, budgets and budgetary control in the context of quality management

Proposals for expenditure; agreeing budgets for programmes of work and controlling activities so that they operate within budget.

Candidates should be fully conversant with the content of Units CM33 & DM43.

Candidates should already be capable of fulfilling the Assessment Criteria in Units CM33 & DM43.

The candidates should know and understand how to:

1. Prepare a case for expenditure on a programme of work related to quality management, clearly identifying the principles and techniques used, and describe how this case would be presented.
2. Prepare a budget for a programme of work related to quality management, analyse the risks and show how support would be gained for the proposal.
3. Review the budgetary control procedure for a typical organisation, identify the strengths and weaknesses and make recommendations for improvement.

1. Understanding relevant organisational strategies and objectives; procedures for making expenditure proposals, principles of confidentiality relating to financial matters.

Resource management

2. Importance of expenditure planning to organisational efficiency; related roles and responsibilities; principles underpinning expenditure planning and applying them; targets, standards and monitoring.

Budgets

3. Importance of clear, accurate budgets; related management roles and responsibilities; balancing needs of the organisation with demands of own area of responsibility, principles underpinning budgets and applying them, including budget preparation; analysing risks.
4. Importance of gaining agreement on budgets; budget negotiations, resolving areas of uncertainty and disagreement satisfactorily to those involved.
5. Importance of budgetary control, related roles and responsibilities, monitoring and corrective action; importance of accurate, comprehensive records and ensuring they are kept.