Assessment Task 1: Knowledge questions SubmitAnswer to all questions correctly with complete information according to task instructions.Assessment criteriaAll questions must be answered...

1 answer below »
Kindly answer correctly


Assessment Task 1: Knowledge questions Submit Answer to all questions correctly with complete information according to task instructions. Assessment criteria All questions must be answered correctly for you to be assessed as having completed the task satisfactorily. Appeal-opportunities/Process: You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal. You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment. Refer to Abbey college Appeal policies and procedures provided on the Moodle. Re-submission opportunities You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task. If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date. Written answer question guidance The following written questions use a range of “instructional words” such as “identify” or “explain”, which tell you how you should answer the question. Use the definitions below to assist you to provide the type of response expected. Note that the following guidance is the minimum level of response required. Analyse – when a question asks you to analyse something, you should do so in in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long. Compare – when a question asks you to compare something, you will need to show how two or more things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected to write a response one or two paragraphs long. Contrast – when a question asks you to contrast something, you will need to show how two or more things are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write a response one or two paragraphs long. Discuss – when a question asks you to discuss something, you are required to point out important issues or features and express some form of critical judgement. Generally, you are expected to write a response one or two paragraphs long. Describe – when a question asks you to describe something, you should state the most noticeable qualities or features. Generally, you are expected to write a response two or three sentences long. Evaluate – when a question asks you to evaluate something, you should do so putting forward arguments for and against something. Generally, you are expected to write a response one or two paragraphs long. Examine – when a question asks you to examine something, this is similar to “analyse”, where you should provide a detailed response with key points and features and provide critical analysis. Generally, you are expected to write a response one or two paragraphs long. Explain – when a question asks you to explain something, you should make clear how or why something happened or the way it is. Generally, you are expected to write a response two or three sentences long. Identify – when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally, you are expected to write a response two or three sentences long. List – when a question asks you to list something, this means that you are asked to briefly state information in a list format. Outline – when a question asks you to outline something, this means giving only the main points, Generally, you are expected to write a response a few sentences long. Summarise – when a question asks you to summarise something, this means (like “outline”) only giving the main points. Generally, you are expected to write a response a few sentences long. Provide answers to all of the questions below: Outline two methods for conducting cost-benefit analysis. List three ways that knowledge management systems can be established in an organisation. Complete the table to identify and explain three types of continuous improvement systems/processes that can be used in an organisation. The first row has been completed as an example for you to follow. System or Process Explanation Continuous improvement plan This sets out actions to be taken into the future. Complete the following table regarding creativity and innovation theories and concepts. List one creativity and one innovation theory Summarise the theory, including key concepts Discuss (in one or two paragraphs) three principles that are relevant to organisation learning. In your answer, identify the principles and explain what each one means as an organisational learning principle. Complete the following table regarding quality management and continuous improvement theories. List one quality management and one continuous improvement theory Summarise the theory, including key concepts Discuss three concepts associated with risk management. As part of your answer, provide an example of how each concept may relate to organisational learning. Explain how to conduct a gap analysis of an organisational system. BSBSTR601 Manage innovation and continuous improvement 1 | Page Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022
Answered Same DayNov 22, 2022

Answer To: Assessment Task 1: Knowledge questions SubmitAnswer to all questions correctly with complete...

Ayan answered on Nov 23 2022
9 Votes
WRITTEN ASSIGNMENT
Table of contents
Outline two methods for conducting cost-benefit analysis    3
List three ways that knowledge management systems can be established in an organization    3
Complete the table to identify and explain three types of continuous improvement systems/processes that can be used in an organisation. The first row has been completed as an example for you to follow.    4
Complete the fol
lowing table regarding creativity and innovation theories and concepts.    5
Discuss (in one or two paragraphs) three principles that are relevant to organisation learning. In your answer, identify the principles and explain what each one means as an organisational learning principle.    6
Complete the following table regarding quality management and continuous improvement theories.    6
Discuss three concepts associated with risk management. As part of your answer, provide an example of how each concept may relate to organisational learning.    7
Explain how to conduct a gap analysis of an organisational system.    8
Outline two methods for conducting cost-benefit analysis
Answer – A tool that may be used to assist in decision-making regarding whether to take on a specific project or not is cost-benefit analysis. It's crucial to keep in mind that it has its limitations just like any other instrument. For instance, it does not account for every risk connected to a project. Additionally, it might be challenging to assign a monetary value to some of the costs or advantages, such as the effects on the environment. Calculating the net present value of each benefit and expense related to a project is one approach to performing cost-benefit analysis. The total of all benefits and expenses, discounted at a certain interest rate, makes up the net present value. The needed rate of return for the project is typically this interest rate. The internal rate of return of the expenses and benefits related to a project is the other approach. The discount rate that brings the present value of the benefits and expenses to parity is known as the internal rate of return. When determining if a project is worthwhile, both approaches are applied. Because it is simpler to compute, the net present value technique is more frequently employed. However, because it considers the time worth of money, the internal rate of return approach is more accurate.
List three ways that knowledge management systems can be established in an organization
Answer – Organizations may set up knowledge management systems in a variety of ways. Formalizing the methods for gathering and exchanging knowledge is one approach. This might entail establishing particular systems for workers to share information, such knowledge cafés or communities of practice. Giving staff incentives to add to the knowledge base is another strategy to promote information sharing. This can entail offering incentives or recognising people who give valuable knowledge. Creating a culture of information sharing and ongoing learning is crucial, too. This entails giving staff the tools and encouragement to seek out and share fresh information. Additionally, it entails sharing information with all staff members so they may benefit from it.
· formalizing knowledge-gathering and knowledge-sharing procedures.
· Encouraging and rewarding staff members to add to the knowledge base.
· Fostering a culture of knowledge exchange and ongoing education.
Complete the table to identify and explain three types of continuous improvement systems/processes that can be used in an organisation. The first row has been completed as an example for you to follow.
    System or Process
    Explanation
    Continuous improvement plan
    This sets out actions to be taken into the future.
    Quality Management (.Kaizen:)
    Quality management is a disciplined approach for enhancing the standard of goods or services. Setting up quality standards, evaluating and monitoring quality, and increasing quality through corrective action are all involved. The quality of any good or service can be improved by using quality management.
    .Six Sigma
    An objective of...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here