Financial Planning and Budget Management
Maximise cost efficiency of organisational operations through financial planning, budget management and optimisation of operations
Type
Functional
Competency Area
Business Management
Levels
Ensure adherence to established budgets
Monitor costs and expenditures against established budgets
Review manpower productivity to identify opportunities to reduce manpower costs
Approve procurement of goods and/or services within budgetary discretions
Develop budgets for organisational operations
Integrate data from multiple sources to support operational budgeting processes
Produce cost estimates for improvement projects
Propose and develop strategies to maximise revenues for the organisation
Recommend pricing strategies for the organisation
Approve operational spending within budgetary norms and limitations
Lead financial planning and budget management operations
Develop operational budgets in alignment with commercial objectives of the organisation
Convey the rationales for capital and operating expenditures
Oversee budget allocation to attain organisational objectives
Formulate pricing strategies for the organisation
Approve capital projects and major expenditures