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Set revenue-raising goals Identify potential revenue sources from a range of information sources

01 / 10 / 2021 Essays & Coursework 1

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Unit Sector

Finance – financial management

Elements and Performance Criteria

ELEMENT 

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



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