1 ILM Super Series Study Links

This workbook addresses the issues of Making a Financial Case. Should you wish to extend your study to other Super Series workbooks covering related or different subject areas, you will find a comprehensive list at the back of this book.

2 Links to ILM Qualifications

This workbook relates to the following learning outcomes in segments from the ILM Level 3 Introductory Certificate in First Line Management and the Level 3 Certificate in First Line Management.

C4.7 Cost/benefit analysis

1. Identify an example of change in the organization

2. List items of capital cost which may arise

3. List areas where net savings may be achieved

4. Identify wider non-financial implications

5. Understand the principlesd of payback or other simple means of investment appraisal

3 Links to S/NVQs in Management

This workbook relates to the following elements of the Management Standards which are used in S/NVQs in Management, as well as a range of other S/NVQs.

It will also help you to develop the following Personal Competences:

• communicating;

• thinking and taking decisions;

• focusing on results.

4 Workbook Objectives

In our daily lives we need to decide how to spend our money and set priorities. Do we buy the latest home entertainment system or is it better to take our family on holiday? It would be good if we could do both but there is usually not enough money to go around.

Businesses and...