Control the use of physical resources
Overview
This standard covers financial control and its impact on resource allocation and efficiency.
Users of this standard will need to communicate effectively to meet individuals' needs and wishes and work in line with health and safety legislation, policy and practices.
Performance criteria
You must be able to:
P1 identify and agree the roles and responsibilities of yourself and others in controlling the use of physical resources
P2. provide clear and consistent advice to team members on how they can help to control expenditure and resource use
P3. provide opportunities for team members to take individual responsibility for monitoring and controlling expenditure
P4. monitor expenditure against budgets, and resource use, in accordance with organisational requirements
P5. confirm that the use of resources is efficient and responsible
P6. control expenditure and resource use in line with budgets and organisational requirements
P7. take corrective action in response to actual or potential significant variations from budget promptly, ensuring compliance with organisational requirements
P8. complete all relevant documentation records and reports required for controlling the use of physical resources
Knowledge and Understanding
You need to know and understand:
K1. how to access and interpret all relevant work instructions, legislation, guidelines, policies, procedures and protocols needed to control the use of physical resources
K2. the scope and limitations of your own competence, responsibilities and accountability as it applies to your job role
K3. specific procedures for reporting issues which are beyond your competence, responsibilities and accountability
K4. the organisational requirements for expenditure control, authorisation procedures and record keeping
K5. the range of variations from the budget which may occur and what effective corrective action to take in response to these
K6. the types of requests for expenditure outside your control which are likely to occur and the correct procedures to follow in response to these
K7. the importance of effective expenditure control in enabling efficiency and your role and responsibilities in relation to this
K8. the principles and systems which underpin effective expenditure control
K9. how to complete and safely store all relevant documentation in accordance with organisational requirements