Budget management

Original to this reference.

Levels

1. Awareness

You can:

• follow the rules for spending and ordering
• explain how your work is funded

2. Working

You can:

• track spending against a small budget and raise variances
• authorise spending within your limit

3. Practitioner

You can:

• hold and manage a budget, forecasting and explaining variances
• build a business case with costs and benefits

4. Expert

You can:

• manage large or multiple budgets and set financial plans
• make funding trade-offs across services

Closest ESCO skills

• manage budgets (exact match)
• budgetary principles (close match)

Contains ESCO v1.2.1 data (https://esco.ec.europa.eu/). © European Union. Reuse authorised under Commission Decision 2011/833/EU.

Role levels that expect this skill