Competency Details ( Budgeting )

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Competencies

Jadarat Dictionary

Budgeting

Efficiency Technical Competency

The knowledge and understanding of budgets and financial planning and analysis to measure the performance against defined target in a given period of time. Effectively analyse and forecast financial results and prepare, monitor, and manage budgets.

Jadarat Code: T71

Level 1

Has basic knowledge and understanding of budgeting. Is able to initiate the budget forecasting process.

Level 2

Possesses specialised knowledge and full understanding of various budget types and financial planning and analysis methodologies. Takes part in conducting the full budget forecasting cycle.

Level 3

Utilizes deep knowledge and understanding of various budgeting techniques and financial planning and analysis methodologies. Uses multiple tools and techniques to forecast and monitor budgets.

Level 4

Uses full knowledge of and experience in monitoring and managing budgets. Provides expertise to forecast, allocate and monitor budgets.

Level 5

Applies subject matter expertise to develop and recommend budgeting strategies in organisations. Provides expertise to the organisation in maintaining and monitoring organisation budgets.