Implement and monitor environmentally sustainable work practices Q1:List the details of the product or service you have chosen to investigate for this assessment task. Q2:When calculating the full...

1 answer below »
Implement and monitor environmentally sustainable work practicesQ1:List the details of the product or service you have chosen to investigate for this assessment task.Q2:When calculating the full cost and savings of your purchase, what should you consider? (List 3 each)Q3:What is the ‘payback period’? Explain what it means.Q4:Calculate the payback period for the product or service you have investigated.Q5:List two aims of sustainable purchasing or procurement.Q6:What six steps are recommended in the Sustainable Procurement Guide?Q7:List three websites, government departments or other sources you can access for help and information on sustainable purchasing.Implement and monitor environmentally sustainable work practicesQ1:List the details of the product or service you have chosen to investigate for this assessment task.Q2:When calculating the full cost and savings of your purchase, what should you consider? (List 3 each)Q3:What is the ‘payback period’? Explain what it means.Q4:Calculate the payback period for the product or service you have investigated.Q5:List two aims of sustainable purchasing or procurement.Q6:What six steps are recommended in the Sustainable Procurement Guide?Q7:List three websites, government departments or other sources you can access for help and information on sustainable purchasing.Manage conflict Role-playRole play report Scenario 1To be completed by the learner at the end of the role-play/scenarioUse table template below to complete your taskPartner’s name:Scenario noPlace of the conflict situationCriteriaList your responses to the criteria listed for this scenario Take into consideration how the scenario played out and what the outcome was. Provide as much detail as you can in the space providedBriefly explain the conflict situationHow did you handle the situation at the beginning?What steps did you take to minimise the impact on other staff members(public)?How did you manage to control the situation What steps did you take- (workplace Policies and procedures you followed)What other parties wereinvolving?What impact did this have on business /staff because of this conflict situationWhat resources did you use to resolve the conflict situationHow were you able to resolve the situation?What was the outcome?What feedback did you supply to the parties involvedIf you had to document the situation as a workplace policy, what documents you did you use and what information would you include in the document?What follow-up action would you take further What possible changes / improvements could be made to the workplace in the future How effective do you think your solution was at resolving the conflict? What would you do differently in the future?Role-play 2Role play report Scenario 2To be completed by the learner at the end of the role-play/scenarioUse table template below to complete your taskPartner’s name:Scenario noPlace of the conflict situationCriteriaList your responses to the criteria listed for this scenario Take into consideration how the scenario played out and what the outcome was. Provide as much detail as you can in the space providedBriefly explain the conflict situationHow did you handle the situation at the beginning?What steps did you take to minimise the impact on other staff members(public)?How did you manage to control the situation What steps did you take- (workplace Policies and procedures you followed)What other parties wereinvolving?What impact did this have on business /staff because of this conflict situationWhat resources did you use to resolve the conflict situationHow were you able to resolve the situation?What was the outcome?What feedback did you supply to the parties involvedIf you had to document the situation as a workplace policy, what documents you did you use and what information would you include in the document?What follow-up action would you take further What possible changes / improvements could be made to the workplace in the future How effective do you think your solution was at resolving the conflict? What would you do differently in the future?Role-play 3Role play report Scenario 3To be completed by the learner at the end of the role-play/scenarioUse table template below to complete your taskPartner’s name:Scenario noPlace of the conflict situationCriteriaList your responses to the criteria listed for this scenario Take into consideration how the scenario played out and what the outcome was. Provide as much detail as you can in the space providedBriefly explain the conflict situationHow did you handle the situation at the beginning?What steps did you take to minimise the impact on other staff members(public)?How did you manage to control the situation What steps did you take- (workplace Policies and procedures you followed)What other parties wereinvolving?What impact did this have on business /staff because of this conflict situationWhat resources did you use to resolve the conflict situationHow were you able to resolve the situation?What was the outcome?What feedback did you supply to the parties involvedIf you had to document the situation as a workplace policy, what documents you did you use and what information would you include in the document?What follow-up action would you take further What possible changes / improvements could be made to the workplace in the future How effective do you think your solution was at resolving the conflict? What would you do differently in the future?Manage finances within a budget· Answer all questions based on the contents and outcomes of the Jackson Hotel operational budget – June quarter.Q1:List the hotel’s financial commitments under their correct cost category. Name at least two commitments for each categoryVariable direct costsVariable indirect costsFixed indirect costsQ2:Name the top four cost categories the business has allocated the most funds took in this budget period. Q3:Why have significant funds been allocated to these categories? Discuss their importance to the business and consequences if inadequate funds are allocated.Q4:Using the Bistro departmental budget – April.You are holding a team meeting to discuss the financial targets provided in the organisational and April bistro budgets. What information do you need to communicate to the team to ensure they understand the targets and goals to be achieved?Q5:What techniques can you use to promote awareness of methods of controlling costs or increasing sales so you can achieve budget targets?Task 2: Calculate variances · Complete the comparative analysis report for the Bistro departmental budget – April by calculating all missing dollar value and percentage variances.· Complete the Favourable/Unfavourable column by indicating if the budget results are favourable (F) or unfavourable (UF) for the business.SITXFIN003 MANAGE FINANCES WITHIN A BUDGET– Case study62016 EditionAprilFavourable /UnfavourableMayJune quarterBudgetActualVarianceVarianceBudgetBudget$$$%$$RevenueFood sales105,120 119,837 14,716.80 14.0%114,975 328,500 Beverage sales89,250 96,390 7,140.00 91,875 262,500 Total sales194,370 216,226 21,857 206,850 591,000 Cost of salesFood purchases40,953 45,048 42,194 124,100 Beverage purchases27,563 30,043 2,481 -9.0%26,775 78,750 Total cost of sales68,516 75,091 6,576 68,969 202,850 Gross profit125,855 141,135 12.1%137,881 388,150 ExpensesAdvertising/Promotions780 624 156 20.0%962 2,600 Cleaning contractor1,490 1,490 - 0.0%1,490 4,471 Small equipment replacement333 393 (60)333 1,000 Laundry 245 232 13 5.5%245.00 735 Maintenance1,493 1,262 15.5%1,493.33 4,480 Printing & stationery160 195 (35)(22.0%)160.00 480 Training & seminars408 653 (245)(60.0%)396 1,200 Wages & on-costs85,901 98,771 (12,870)89,345 260,763 Utilities3,441 3,235 206 6.0%3,494 10,589 Total expenses94,251106,855 13.4%97,919 285,857 NET PROFIT31,60434,281 40,115 102,293 · Don’t forget to round your figures up or down to the nearest whole number.Task 3: Question and answer· Answer all questions based on the budget outcomes in the completed April budget comparative report in Task 2 and case study information.Q1:Are there any significant variances in the sales figures that you should be concerned about? Explain what the results indicate and why you are/are not concerned about them.Q2:Are there significant variances in any of the expenses categories that you think should be investigated further? If yes, discuss which categories and why you think they need investigation. If no, discuss why the deviations do not warrant investigation.Q3:Based on your responses to questions 1 and 2, what is your overall evaluation of the budget results? Is the bistro meeting its financial targets? Q4:Which expense category has the most funds allocated to it? Explain why it is important you manage costs in this category carefully.Q5:Using the results and information obtained from the April comparative report, your answers to the previous questions and the background information.Write a transcript of the outcomes of your report ready to deliver to the bistro staff at the next team meeting. The transcript should include the following information.The current status of the budget; is the work area meeting its budget targets, is it on track to meet June quarter budget targets?Which areas are underperforming or performing better than expected?What changes, if any, need to be made to help the team meet next month’s budget targets?An outline of budget targets for May.Organisational factors that contributed to the setting of these targets.SITXMGT001 MONITOR WORK OPERATIONS– Case studyMonitor work operationsCase studyTask 1: Delegate tasksQ1:Why is delegation an important skill for Olivia to learn?Q2:Why do you think Olivia’s supervisors have been unwilling to take responsibility for decision-making when Olivia is present?Q3:Why do you think Olivia doesn’t delegate? Explain your reasons.Answer questions 4 to 6 based on Olivia’s responsibilities and tasks she performs listed in the case study information.Q4:What tasks are not suitable for Olivia to delegate?Q5:Which of Olivia’s tasks could be completed by othersin the management team when she’s absent, for example, on annual or sick leave?Q6:What tasks that Olivia currently regularly undertakes could be permanently delegated to her supervisors?Q7:What should Olivia do to ensure any delegated tasks are successfully performed?Q8:There are four methods of giving instructions
Answered 2 days AfterSep 07, 2021SITXFIN003Training.Gov.Au

Answer To : Implement and monitor environmentally sustainable work practices Q1:List the details of the product...

Bidusha answered on Sep 10 2021
62 Votes
90730/part-1-qihaogvq.docx
Implement and monitor environmentally sustainable work practices
Q1:    List the details of the product or service you have chosen to investigate for this assessment task.
        Brother MFC-L3745CDW A4 Colour Multifunction Printer
In addition to being able to print in all formats, the Brother MFC-L3745CDW A4 Colour Multifunction Printer also replaces other types of communication equipment such as fax machines, telex machines, etc. With the replacement of many of the existing equipment this saves space and energy, which is beneficial for the environment as well as lowering running costs. On a budget, the printer uses a toner ink.
Q2:    When calculating the full cost and savings of your purchase, what should you consider? (List 3 each)
        We must consider the following:
· This includes the full cost of the capital asset, including the installation charges.
· Costs of ongoing maintenance and repai
· The cost of modifying a location or existing capital assets.
Q3:    What is the ‘payback period’? Explain what it means.
        The time it takes for a product's cost of sustainability measures to be compensated by the savings it generates is known as the "payback period".
Q4:    Calculate the payback period for the product or service you have investigated.
        The payback period for Brother MFC-L3745CDW A4 C
olour Multifunction Printer. Is:
        Initial Investment
        $
        Purchase of 5 Brother MFC-L3745CDW A4 Colour Multifunction Printer.
        3075.00
        Installation and Repair cost
        1000.00
        Paper
        1200.00
        Toner
        1350.00
        Total cost
        6625.00
        Net Savings
        Cost savings on Fax
        2000.00
        Cost savings on Fax paper
        1200.00
        Reduced ink and toner
        1150.00
        Less increased electricity costs
        (900.00)
        Total Net savings
        3450.00
        Payback period (6625 / 3450) = 1.9 Years
As a result, after 1.9 years, the firm will begin to generate a profit.
Q5:    List two aims of sustainable purchasing or procurement.
        The two goals of sustainable buying are as follows:
· To promote innovation in the design and implementation of goods and services in order to obtain more sustainable results.
· Reducing the environmental effect of products and services throughout their lifespan.
Q6:    What six steps are recommended in the Sustainable Procurement Guide?
        The following six steps are recommended in the Sustainable Procurement Guide:
· Step 1: Determine the needs of the business.
· Step 2: Perform a risk assessment.
· Step 3: Look for and assess other options.
· Step 4: Contract award
· Step 5: Contract management on an ongoing basis
· Step 6: Goods disposal
Q7:    List three websites, government departments or other sources you can access for help and information on sustainable purchasing.
        The three websites are the following:
1) www.lgnsw.org.au
2) www.environment.gov.au
3) www.ourcommunity.com.au
90730/part-2-fskkdzhx.docx
Manage finances within a budget
· Answer all questions based on the contents and outcomes of the Jackson Hotel operational budget – June quarter.
Q1:    List the hotel’s financial commitments under their co
ect cost category. Name at least two commitments for each category
Variable direct costs: Wages, Goods {food, beverages}
Variable indirect costs: Maintenance, Utilities
Fixed indirect costs: Salaries, rent
Q2:    Name the top four cost categories the business has allocated the most funds took in this budget period.
        The top four cost categories are:
1) utilities
2) food purchases
3) wages and on-costs
4) beverage purchases.
Q3:    Why have significant funds been allocated to these categories?
    Discuss their importance to the business and consequences if inadequate funds are allocated.
        Funds are allocated in particular areas to market the business and generate items and services for sale, allowing the firm to contribute to revenue and profit generation.
A lack of funding implies losing money and profits and squandering money on unimportant parts while disregarding the key portions that require cash to market the firm and to keep expenses from exceeding revenues, among other things.
Q4:    Using the Bistro departmental budget – April.
    You are holding a team meeting to discuss the financial targets provided in the organisational and April bistro budgets.
    What information do you need to communicate to the team to ensure they understand the targets and goals to be achieved?
        · Describe the objectives and answer questions to ensure that everyone understands.
· It is a good idea to talk about why the goals were created.
· It is important that you inform your workers about the items or services that will be marketed, and any applicable external marketing techniques (such as public relations campaigns).
· Talk about ways to save costs, including any cuts or limitations that may exist.
· Assert to your employees the rewards they will receive if they reach their allocated targets.
Q5:    What techniques can you use to promote awareness of methods of controlling costs or increasing sales so you can achieve budget targets?
        The following techniques can be used:
· Noticeboard:  A noticeboard is a great way to keep your workers informed by posting budget copies, information on advertising initiatives, and details on specials.
· Meetings: Attend meetings and explain everything about the goals, finances, and controls in detail.
· Posters: Displaying reminders of cost-saving techniques in crucial locations.
· Wall charts: To help staff track their progress, wall charts can be used to display budget objectives and actual outlet statistics.
Task 2: Calculate variances
· Complete the comparative analysis report for the Bistro departmental budget – April by calculating all missing dollar value and percentage variances.
· Complete the Favourable/Unfavourable column by indicating if the budget results are favourable (F) or unfavourable (UF) for the business.
SITXFIN003 MANAGE FINANCES WITHIN A BUDGET– Case study
    
6
2016 Edition
    
         
        April
        Favourable
Unfavourable
        May
        June quarte
        
        Budget
        Actual
        Variance
        Variance
        
        Budget
        Budget
        
        $
        $
        $
        %
         
        $
        $
        Revenue
        Food sales
        105,120
        119,837
        14,716.80
        14.0%
        FAVOURABLE
        114,975
        328,500
        Beverage sales
        89,250
        96,390
        7,140.00
        8.00%
        FAVOURABLE
        91,875
        262,500
        Total sales
        194,370
        216,226
        21,857
        11.25%
        FAVOURABLE
        206,850
        591,000
        Cost of sales
        Food purchases
        40,953
        45,048
        4095
        -10%
        UNFAVOURABLE
        42,194
        124,100
        Beverage purchases
        27,563
        30,043
        2,481
        -9.0%
        UNFAVOURABLE
        26,775
        78,750
        Total cost of sales
        68,516
        75,091
        6,576
        -9.6%
        UNFAVOURABLE
        68,969
        202,850
        Gross profit
        125,855
        141,135
        15,280
        12.1%
        UNFAVOURABLE
        137,881
        388,150
        Expenses
        Advertising/Promotions
        780
        624
        156
        20.0%
        FAVOURABLE
        962
        2,600
        Cleaning contracto
        1,490
        1,490
        -
        0.0%
        FAVOURABLE
        1,490
        4,471
        Small equipment replacement
        333
        393
        (60)
        -18.02%
        UNFAVOURABLE
        333
        1,000
        Laundry
        245
        232
        13
        5.5%
        FAVOURABLE
        245.00
        735
        Maintenance
        1,493
        1,262
        231
        15.5%
        FAVOURABLE
        1,493.33
        4,480
        Printing & stationery
        160
        195
        (35)
        (22.0%)
        UNFAVOURABLE
        160.00
        480
        Training & seminars
        408
        653
        (245)
        (60.0%)
        UNFAVOURABLE
         396
        1,200
        Wages & on-costs
        85,901
        98,771
        (12,870)
        -14.98%
        UNFAVOURABLE
        89,345
        260,763
        Utilities
        3,441
        3,235
        206
        6.0%
        FAVOURABLE
        3,494
        10,589
        Total expenses
        94,251
        106,855
        -12,604
        13.4%
        UNFAVOURABLE
        97,919
        285,857
        NET PROFIT
        31,604
        34,281
        2677
        8.47%
        FAVOURABLE
        40,115
        102,293
· Don’t forget to round your figures up or down to the nearest whole number.
    
    
Task 3: Question and answe
· Answer all questions based on the budget outcomes in the completed April budget comparative report in Task 2 and case study information.
Q1:    Are there any significant variances in the sales figures that you should be concerned about? Explain what the results indicate and why you are/are not concerned about them.
        Yes, there are substantial data discrepancies since food sales were projected to reach $119,837, but they only reached $105,120. As a consequence, there is a favourable variance, which is a positive indication.
Q2:    Are there significant variances in any of the expenses categories that you think should be investigated further? If yes, discuss which categories and why you think they need investigation. If no, discuss why the deviations do not wa
ant investigation.
        The cost of sales expense category should be investigated further. Because food and beverage revenues account for 10% to 9% of total sales. Investigating these is essential since these are types of direct cost and business, thus any difference between them might result in a direct cost rise. The hotel's rising costs will exace
ate the situation.
Q3:    Based on your responses to questions 1 and 2, what is your overall evaluation of the budget results? Is the bistro meeting its financial targets?
        The hotel's financial objective has to be improved, as the overall variance in nett profit is 8.4%, which needs to be managed. The costs of training and seminars, printing and stationery, and advertising and promotions are the key categories that must be evaluated.
Q4:    Which expense category has the most funds allocated to it? Explain why it is important you manage costs in this category carefully.
        The majority of the monies have been allocated to food and beverage purchases, as well as salary and expenditures. It is critical to keep expenditures under control since else, the hotel will suffer a loss.
Q5:    Using the results and information obtained from the April comparative report, your answers to the previous questions and the background information.
Write a transcript of the outcomes of your report ready to deliver to the bistro staff at the next team meeting.
The transcript should include the following information.
The cu
ent status of the budget; is the work area meeting its budget targets, is it on track to meet June quarter budget targets?
Which areas are underperforming or performing better than expected?
What changes, if any, need to be made to help the team meet next month’s budget targets?
An outline of budget targets for May.
Organisational factors that contributed to the setting of these targets.
        Is the work area fulfilling its budget objectives, and is it on schedule to achieve the budget targets for the June quarter?
What regions are failing or outperforming expectations?
What adjustments, if any, are needed to assist the team reach the budget goals for next month?
A summary of the budget goals for the month of May.
Organizational variables that influenced the goal-setting process.
90730/part-3-oihow3d0.docx
SITXMGT001 MONITOR WORK OPERATIONS– Case study
    
Monitor work operations
Case study
Task 1: Delegate tasks
Q1:    Why is delegation an important skill for Olivia to learn?
        As a time-management approach, it is a great way for her to manage her workload. It is a good fit with motivation theory. Employees want to be challenged and rewarded for their efforts. She has the ability to assign difficult and rewarding jobs. It is a great tool for succession planning. Other people are being prepared for managerial jobs through delegating. As a result, a trusting environment is fostered. In turn, the employees feel respected and appreciated when she gives them responsibility.
Q2:    Why do you think Olivia’s supervisors have been unwilling to take responsibility for decision-making when Olivia is present?
        Olivia wants her supervisors to take responsibility and make their own decisions, but she discovers that when Olivia is there, her superiors are uninterested in doing their jobs. It is as though she is giving them a lot of instructions and constantly monitoring their work. As she constantly attends every event to support and assist the event's supervisors in control, as well as to aid them with last-minute crises and details.
Q3:    Why do you think Olivia doesn’t delegate? Explain your reasons.
        I believe Olivia works hard, but she does not delegate some of the job since she works 70 hours a week, is constantly fatigued, and has a limited social life due to the numerous events that occur. She is pleased of herself for believing that if she works hard and long enough, she can help the company meet its growth goals.
Answer questions 4 to 6 based on Olivia’s responsibilities and tasks she performs listed in the case study information.
Q4:    What tasks are not suitable for Olivia to delegate?
        The following tasks are not suitable for Olivia to delegate:
· Monitors the shift's employees and guarantees that all SOPs and quality assurance
· guidelines are followed.
· Updates the company's standard operating procedures.
· In collaboration with the events director, conducts staff evaluations.
· After an event, checks the time cards of the employees.
Q5:    Which of Olivia’s tasks could be completed by others in the management team when she’s...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here