This paper circulates around the core theme of 1. Adopt professional work practices Develop and maintain a professional work ethic to support graphic design practice together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Finance – financial management
Elements and Performance Criteria
Elements describe the essential outcomes.
Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Set revenue-raising goals
1.1 Identify potential revenue sources from a range of information sources
1.2 Identify factors that may affect the suitability of potential revenue sources
1.3 Evaluate suitability of revenue sources in relation to own or organisational overall vision
1.4 Identify revenue-raising priorities in line with current direction and vision in consultation with relevant people
1.5 Determine how and from which sources revenue will be raised
2. Implement revenue-raising strategies
2.1 Identify processes to follow to access potential revenue
2.2 Build and maintain positive relationships with key stakeholders who can provide financial support
2.3 Coordinate development of funding proposals
2.4 Negotiate terms and conditions of funding agreements
2.5 Clarify commitments made by both parties and communicate these to relevant people
3. Evaluate revenue-raising strategies
3.1 Monitor all arrangements to ensure compliance with funding requirements
3.2 Review the impact of funding on self or the organisation
3.3 Review priorities and revenue-raising strategies and amend as required