$1.$ Apply the budget function in a business unit. Complete the following tasks and provide workplace evidence to show that you have done the following

a$.$ Provide a copy of your budget for your team and then:

$$ Identify the elements of the budget for the resources required to meet the objectives

$$ Identify the internal and external constraints on a budget in terms of an own organisational context

b$.$ Explain how you would monitor the actual expenses according to Standard Operating Procedures. Submit a copy of the SOP or organisational policies and procedures to substantiate your answer

c$.$ Provide evidence that you have monitored the actual expenses according to Standard Operating Procedures

d$.$ Explain how you would identify variances and propose corrective measures and$/$or take these according to Standard Operating Procedures

e$.$ Provide evidence that you have identified variances and proposed corrective measures and$/$or taken these according to Standard Operating Procedures