PURPOSE OF THE UNIT STANDARD Learners accessing this standard will be working as a leader in the context of a small project / sub-project involving few resources and having a limited impact on stakeholders and the environment or working as a contributing team member on a medium to large project when not a leader. These projects may be technical projects, business projects or developmental projects and will cut across a range of economic sectors. This standard will also add value to learners who are running their own business and recognise that project management forms an integral component of any business. The qualifying learner is capable of: Identifying elements and resources to be costed through interpreting the project scope statement, work breakdown structure and other project data. Participating in the preparation and production of a cost budget. Contributing to the monitoring and controlling of cost budget performance by maintaining records and communicating.