PUAMAN007 — Manage financial resources

1 Develop budget

• 1.1Budgets are developed in required format, in accordance with organisational procedures
• 1.2Costs and income streams are identified and quantified, in accordance with organisational procedures
• 1.3Comparative analysis is prepared for major items, in accordance with organisational policies and procedures
• 1.4Subordinate budgets are integrated into the prime budget
• 1.5Implications of major shifts in proposed or actual budget allocations, income and/or expenditure are identified and analysed when preparing the budget
• 1.6Performance indicators are developed and implemented, in accordance with organisational procedures
• 1.7Financial resources are allocated to support achievement of operational objectives

2 Allocate, authorise and monitor expenditure

• 2.1Expenditure management is implemented to ensure it meets organisational financial accountability requirements
• 2.2Significant potential and actual variations from the budget are renegotiated, in accordance with organisational procedures
• 2.3Expenditure is authorised within financial authority limits, in accordance with organisational procedures and guidelines
• 2.4Supply and expenditure processes are in accordance with corporate governance and organisational protocols
• 2.5Financial reports are produced, as required, in a format nominated by the organisation
• 2.6Primary and subordinate budgets are monitored alongside achievement of financial and operational objectives
• 2.7Financial allocations are monitored, in accordance with organisational procedures, to ensure objectives and priorities relating to service delivery are met
• 2.8Reallocation of financial resources is undertaken, in accordance with organisational policy and procedures

3 Utilise financial management information systems

• 3.1Management information systems are used for planning, implementing and monitoring financial resource usage
• 3.2Management information system reports are produced, verified and interpreted, in accordance with organisational policy and procedures

What does an assessment tool for PUAMAN007 need to cover?

To satisfy the Principles of Assessment and Rules of Evidence, an assessment for PUAMAN007 needs to address all 38 unit components: 3 elements with 17 performance criteria, 13 performance evidence requirements, 8 knowledge evidence requirements, and the foundation skills. A coverage matrix mapping each question and task to these components is what an auditor looks for.

How does Auditori generate an assessment tool for PUAMAN007?

Auditori pulls the current release of PUAMAN007 from training.gov.au and generates a complete package: candidate assessment, assessor guide with model answers and observation criteria, and a coverage matrix mapping every component. A suitably qualified person then reviews and approves the draft in a built-in workflow — consistent with ASQA's guidance on AI use in VET — before export as branded PDF and editable Word.

Is the first assessment tool really free?

Yes. Every new account includes one free credit — enough to generate the complete assessment tool for PUAMAN007 — with no card and no subscription required. After that it's pay-as-you-go per unit.

Can I check my existing PUAMAN007 assessment instead of generating a new one?

Yes — upload your existing assessment or learner guide and Auditori maps it against every element, performance criterion, PE and KE of PUAMAN007, showing exactly what's covered and what's missing. Mapping costs a quarter of a credit.