Course Title: Manage budgets and financial plans

Part A: Course Overview

Program: C5377 Diploma of Building and Construction (Management)

Course Title: Manage budgets and financial plans

Portfolio: SEH Portfolio Office

Nominal Hours: 70

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Flexible Terms

Course Code




Learning Mode

Teaching Period(s)


City Campus


174T School of VE Engineering, Health & Science

Face-to-Face or Internet

VE 2017 (MDM1)

Course Contact: Matthew Donato

Course Contact Phone: +61 3 9925 4519

Course Contact Email:

Course Description

This unit describes the performance outcomes, skills and knowledge required to undertake financial management within a work team in an organisation. This includes planning and implementing financial management approaches, supporting team members whose role involves aspects of financial operations, monitoring and controlling finances, and reviewing and evaluating effectiveness of financial management processes in line with the financial objectives of the work team and the organisation


Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

BSBFIM501A Manage budgets and financial plans


1. Plan financial management approaches

2. Implement financial management approaches

3. Monitor and control finances

4. Review and evaluate financial management processes

Learning Outcomes

Refer to elements.

Overview of Assessment

National Codes, Titles, Elements and Performance Criteria

 Assessment 1  Group based activity and work based observation in accounting processes 
 Assessment 2Witten questions on implementation of Budgets and Financial plans and how to communicate them.
 Assessment 3Task 1. Group work budget variance report and recommendations to staff and stake holders
Task 2.Basic accounting principles and techniques, Taxation, Software management and Creating and managing a Budget and expenditure