SITXFIN009: NOTE: - Upload skills & performances task along with knowledge Task. Section C: Performance activity As a workplace activity or simulated workplace activity (as directed by the assessor): 1.Create a budget for an event or project that will last for three months. Throughout this period, you must show that you can create, monitor, and control the budget by doing the following: Show that you can work with colleagues to establish requirements and priorities (including staffing requirements and stock requirements) Use financial records to monitor expenditure and income on a regular basis Identify any variances and deviations, and react to them - you may need to adapt the budget Complete financial reports to ensure control of finances, and to update others on the budget's status; this must be performed at scheduled points (as agreed with management) and using the appropriate budget terminology