ASSESSMENT INSTRUCTION BSBOPS601 Develop and implement business plans BSBOPS601 Develop and implement business plans 2 | P a g e Abbey College Australia National Provider No. 91136| CRICOS...

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ASSESSMENT INSTRUCTION BSBOPS601 Develop and implement business plans

BSBOPS601 Develop and implement business plans 2 | P a g e

Abbey College Australia

National Provider No. 91136| CRICOS Registration No. 02658G

Version V1.0 Jan 2021

Assessment Summary

Read all the instructions below before attempting the assessment task. Assessment tasks are tools used to determine if you have the knowledge and skills to complete tasks to industry standards within the workplace. Your trainer/assessor will help you throughout this task and it is your responsibility to provide enough evidence to justify a competent decision by the trainer/assessor. If you do not understand the questions or what is required, ask your trainer/assessor for assistance. For group assessments, all students are to contribute to the assessment tasks. You are allowed to work in groups up to a maximum of four people. You are to complete all tasks by the due date and assessments must have a coversheet attached. If you think you do not have enough time to complete the tasks by the due date, discuss with the trainer/assessor the reasons of why you cannot submit on time.

Writing your responses

When answering questions, ensure that your answers are detailed enough to so the assessor can draw a conclusion that you have the knowledge and/or skills to demonstrate competency. Handwritten answers must be written in blue or black pen. When producing reports, ensure that your project has a title page, table of contents, page numbers, reference list, ensuring that your answers thoroughly match the questions asked. Answer all questions in your own words to avoid plagiarism. Plagiarism is copying someone else’s work or ideas and saying that it your own work. Sources of work must be properly referenced, outlining the source of your ideas. Penalties may include having to resubmit the assessment task again, repeating the Unit of competency, or for repeat plagiarism, expulsion from Abbey Business College.

Marking of Assessments

On submission of your assessment will be marked for a result of either Satisfactory (S) or Not Yet Satisfactory (NYS). If you receive a NYS result, you will be asked to redo the tasks again. To achieve a competent result with this unit, all tasks need to be completed and marked as satisfactory. Your trainer/assessor will provide feedback to you on each task, outlining where you must improve to achieve a Satisfactory (S) result. When all tasks are marked as Satisfactory (S), you will receive a result of Competent (C) for this unit otherwise, you will be marked Not Yet Competent (NYC). Assessments submitted to the trainer/assessor after the due date may not be accepted, and you may have to a resubmission fee.

Unit of competency application

This unit describes the skills and knowledge required to install and manage a server. Server management includes initial configuration and testing, ongoing administration, software distribution and updates, profiling and monitoring servers, and troubleshooting.

BSBOPS601 Develop and implement business plans 3 | P a g e

Abbey College Australia

National Provider No. 91136| CRICOS Registration No. 02658G

Version V1.0 Jan 2021

It applies to individuals with competent information and communications technology (ICT) skills, employed in network management or server administration roles.

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. Establish business plan

1.1 Identify organisational and legislative frameworks relevant to development of a business plan

1.2 Review market requirements for the organisation’s products and service

1.3 Identify and assess business requirements, objectives, competitors and established plans

1.4 Develop performance objectives and measures for business plan, in consultation with relevant stakeholders

1.5 Identify financial, human and physical resource requirements for the business

1.6 Develop business plan

2. Implement business plan

2.1 Communicate business plan to all relevant stakeholders

2.2 Confirm skilled labour is available to implement plan

2.3 Test performance measurement systems and refine, where required

2.4 Prepare reports on key aspects of the business

2.5 Report system failures, product and service failures and variances to the business plan as they occur

3. Respond to performance data

3.1 Analyse performance reports against planned objectives

3.2 Review performance indicators and refine, where required

3.3 Identify and coach under-performing staff

3.4 Establish ongoing review processes

Foundation Skills

Skill

Description

Reading

• Gathers, interprets and analyses textual information when developing the business plan and monitoring operational performance

BSBOPS601 Develop and implement business plans 4 | P a g e

Abbey College Australia

National Provider No. 91136| CRICOS Registration No. 02658G

Version V1.0 Jan 2021

Writing

• Communicates relationships between ideas and information, matching style of writing to purpose and audience

• Researches, plans and prepares business plan for relevant stakeholders

Oral communication

• Presents information and seeks advice using language and features appropriate to audience

• Participates in discussions using listening and questioning to elicit the views of others and to clarify or confirm understanding

Numeracy

• Extracts and evaluates mathematical information to review the market, research competitors and review pricing structures

Enterprise and initiative

• Takes full responsibility for identifying and complying with legislative requirements applicable to self and the organisation

Teamwork

• Collaborates with others to achieve joint outcomes, playing an active role in facilitating effective group interaction, influencing direction and taking a leadership role

• Provides support in field of expertise to colleagues, as required

Planning and organising

• Sequences and schedules complex activities, monitors implementation and manages relevant communication

• Systematically gathers and analyses all relevant information and evaluates options in order to monitor performance and identify opportunities for improvement

Performance Evidence

The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:

• develop and implement at least one business plan.

In the course of the above, the candidate must:

• analyse and research business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements and marketing approaches

• write a business plan, including:

• description of the business

• products and services

• financial, physical and human resource requirements

• regulatory requirements

• marketing strategy

• financial indicators

• productivity and performance targets for key result areas

BSBOPS601 Develop and implement business plans 5 | P a g e

Abbey College Australia

National Provider No. 91136| CRICOS Registration No. 02658G

Version V1.0 Jan 2021

• monitor and respond to business performance including evaluation of performance against key results indicators

• consult, communicate with and report to relevant stakeholders

• provide analysis of the strengths and weaknesses of a business plan.

Knowledge Evidence

The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:

• organisational and legislative frameworks required for the development of business plans, including:

• pre-existing strategic, business and operational plans

• business vision, mission, values and objectives

• permits or licences that may be required for new activity

• processes for developing and monitoring business plans

• customer needs and budgeting information

• performance objectives and measures, including key results indicators

• stakeholders involved in the development of business plans.

What happens if your result is ‘Not Yet Competent’ for one or more assessment tasks?

The assessment process is designed to answer the question “has the participant satisfactorily demonstrated competence yet?” If the answer is “Not yet”, then we work with you to see how we can get there.

In the case that one or more of your assessments has been marked ‘NYC’, your Trainer will provide you with the necessary feedback and guidance, for you to resubmit/redo your assessment task(s).

What if you disagree on the assessment outcome?

You can appeal against a decision made about an assessment of your competency. An appeal should only be made if you have been assessed as ‘Not Yet Competent’ against specific competency standards and you feel you have sufficient grounds to believe that you are entitled to be assessed as competent.

You must be able to adequately demonstrate that you have the skills and experience to be able to meet the requirements of the unit you are appealing against the assessment of.

You can request a form to make an appeal and submit it to your Trainer, the Course Coordinator, or an Administration Officer. The RTO will examine the appeal and you will be advised of the

BSBOPS601 Develop and implement business plans 6 | P a g e

Abbey College Australia

National Provider No. 91136| CRICOS Registration No. 02658G

Version V1.0 Jan 2021

outcome within 14 days. Any additional information you wish to provide may be attached to the form.

What if I believe I am already competent before training?

If you believe you already have the knowledge and skills to be able to demonstrate competence in this unit, speak with your Trainer, as you may be able to apply for Recognition of Prior Learning (RPL).

Credit Transfer

Credit transfer is recognition for study you have already completed. To receive Credit Transfer, you must be enrolled in the relevant program. Credit Transfer can be granted if you provide the RTO with certified copies of your qualifications, a Statement of Attainment or a Statement of Results along with Credit Transfer Application Form. (For further information please visit Credit Transfer Policy).
Answered 6 days AfterAug 08, 2022

Answer To: ASSESSMENT INSTRUCTION BSBOPS601 Develop and implement business plans BSBOPS601 Develop and...

Deblina answered on Aug 14 2022
72 Votes
BSBOPS 601
Table of Contents
Assessment Task 1: Analysing a Business Plan    3
Assessment Task 2: Business Plan    7
Assessment 3: Performance Report    15
Assessment Task 1: Analysing a Business Plan
Business Plan 1
The business plan has been contemplated with the relevant format that effectively contemplates the specifications of the business and inherently provides the idea about the effective details of the business. The comprehensive guide of the business plan is overviewed in the executive summary which provides the minute factors that have been covered in the business plan. This has demonstrated the key concept of the entire business and it has a convincing role in the effectiveness of the business context.
The objective and the logical presentation of the business plan are effective and it has effectively communicated the company's purpo
se and vision. The business plan also describes the management responsibilities with detailed personal requirements and provided an overview of the marketing plans and evaluated the current and future competitiveness of the business in the marketplace. It has also created a foundation for an effective full financial proposal for the investors and lenders to use to evaluate the company.
The business plan has also contemplated the detailed requirements of the business have been effectively mentioned in the plant and provided concrete and factual pieces of evidence that show the business idea is in fact sound and reasonable and has every chance of success. The effectiveness of the business plan lies in the fact that the business plan is convincing and it makes the investors more confident enough about the entire business perspective. The financial analysis has been provided which provides detailed aspects of the organization while the competitive analysis has also provided the effective details of the organization that can be the potential factor for attracting the potential sources of financing.
Financial position for an important context of the business plan because it provides the ground reality about the particular business and helps the investors to understand the quantity of risk and the increasing the chances of growth in the long-term future. It is also effective that the business plan is sound enough that will attract young talent and show them perspectives about the entire business process and help the employees to understand the goals and significantly about the places that help the business to achieve the objectives. The business plan has also documented a brief outline of the purpose and the goals. The executive summary provides a brief description of the services and the summary of objectives. It has provided snapshots of the growth potential. However, the business plan fails to provide an overview of the funding requirements and the aspects that are important in terms of the genuine opportunity provided for the business.
The refined concept and the priorities of the business have not been effectively mentioned which is the obvious weakness of the organization. Even though that opportunities have been mentioned the potential aspects that will deliberately meet those risks and the aspects that will effectively use the opportunities are not contemplated.
The management structure has been mentioned but the effective responsibilities of each department have not been categorized which makes it quite complex to understand the entire structure of the organization. The business plan has not contemplated the business culture and Macro Economic interpretation has not been provided in the business plan. The plan has not provided any SWOT analysis or PESTEL analysis that effectively helps to understand the ability of the business.
Business Plan 2
The structure of the business plan is the most impressive aspect of this particular business plan. The plan has provided the detailed aspects of the organization with an effective illustration of the concrete and factual data. It has been contemplated by an executive summary that has detailed and provided the key concepts about the data and the effective concepts within the organization. It has also provided a detailed analysis of the products and the services associated with those given by the organization. The detailed aspects of the services presently done by the organization and also the future aspect have also been contemplated in the business plan. The most striking feature is the presence of our that associated with those given by the organization. The detailed aspects of the services presently done by the organization and also the future aspect have also been contemplated in the business plan.
The most striking feature is the presence of our that the organization has received in terms of its funding which is an impressive aspect that makes the business plan mode new creative to the investor and make it one of the effective characteristics which will influence the investors. The business plan has also contemplated a note regarding the investor equity that provides the details about the investment already done in the organization and the effectiveness of the management in response to those investments. Therefore, the business plan provides a comprehensive scenario and the submissive factors that can effectively influence the investors to enhance the windfall capital gains of the company.
The business plan has also detailed its management structure and the strategies that are used by the business along with the exist along with exit mechanisms and investor claw-back strategy. The business plan has given a detailed comparison of its products and the associated products that are available in the market. This also provides a details scenario and overview of the organization along with the mission and the vision statement. The plan has also contemplated the organization's values and objectives that ensure the effectiveness of the organization's perspective and the note on the manager's team. The business plan has contemplated the relevant characteristics of a good business plan and has several essential components that help the investors to understand the leading aspects of the company and the aspect that will lead to the success of the organization in the future.
The business plan has effectively provided an inside about the financial resources that the company has and the effective aspects that are needed by the organization to reach the organization's goals and objectives. It also establishes a clear timeline about the company and effectively expects the organization to function with determined steps that help the organization to expand in the new market. The business plan has also provided a clear way that traced the progress of the company as its crew and enabled the business owners to predict and plan for the potential risks of the business. It has also significantly provided the effective viability of the company that will enhance the influence of the investors.
The business plan has also provided the market analysis and the strategy that has effectively pointed out the target market and the demographics and related factors associated with the organization's target audience. The company has comprehensively provided the competitive analysis and clearly outlines the comparison of the organization with the competitors. It has also provided a section of Management and Organisation description that covered the details of the business and its Management and Organisation strategy. The operating plan and the operation of the organization are also provided.
The financial projection and the business details have included the financial statements and the analysis of these statements has also provided the projection. The business plan has also documented extra information regarding the business that supported the details that are outlined in the business plan. It also includes exhibits and appendices to support the viability of the business plan and give investors a clear understanding of the research that backs the plan.
Assessment Task 2: Business Plan
FAST TRACK COURIERS BUSINESS PLAN
Executive Summary
The business contemplates a courier service that serve locally and is suggested to be in two locations where the business will target the local community that are the business people and the college students. These areas also offer some of the residence who have high income and they belong to the commercial and the retail factors. Moreover, the locality is densely populated with professionals of all...
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