please check tasks and give quote accordingly.Microsoft Word - BSBINM601 Task 1 V1.0 ...

Question

please check tasks and give quote accordingly.

Microsoft Word - BSBINM601 Task 1 V1.0 CCMT‐ BSBINM601 Task 1‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648 L2, 15 Barry Drive, Turner, ACT 2612 | E‐mail: [email protected] | Website: www.ccmtcollege.edu.au | Phone: 02 9188 1733 1 of 2 BSBINM601 Manage knowledge and information Assessment 1 ‐ Short Answer Questions Instruction You are required to answer all of the following questions. You need to answer all of the written questions correctly. Generally, you are expected to write a response one or two paragraphs long. Please answer the questions using word processing software. Assessment criteria All questions must be answered correctly in order for you to be assessed as having completed the task satisfactorily. 1. Describe at least two types of existing technology that can be used in knowledge and information management. 2. Describe an emerging technology that can be used in knowledge and information management. 3. Explain all of the following methods of analysis and their relevance to decision making. a. correlation calculations b. short to medium‐term term and long‐term trend analyses c. probability assessment d. regulation analyses e. dynamic programming f. linear programming g. queuing theory h. Simulation i. transportation methodology 4. Outline three key features of management information systems and decision support systems. 5. Explain how risk management plans can be used in making decisions about actions to be taken for a business. 6. List five consequences of failing to maintain corporate knowledge. Microsoft Word - BSBINM601 Task 2 V1.0 CCMT‐BSBINM601 Task 2 ‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648 L2, 15 Barry Drive, Turner, ACT 2612 | E‐mail: [email protected] | Website: www.ccmtcollege.edu.au | Phone: 02 9188 1733 1 of 9 BSBINM601 Manage knowledge and information Assessment 2 – Project Instruction This assessment task requires the student to research a case study company and write a report to assist the Management Team to make some business decisions. They will then meet with the Management Team and ensure that informed decisions are made. Students will then have to carry out some tasks related to the decisions made and determine how best to communicate these to the stakeholders. Assessment Resources • Briefing Report Template • Business Plan • Communication Report Template • Finance Policy and Procedures • Financial Data • Forecasts Spreadsheet Template • Information Management Policy and Procedures Template • Profit and Loss Statements • Staff Survey Results • Student Feedback and Register • Staff Feedback and Register Assessment criteria Students must complete all of the activities listed and submit: • Briefing Report and Forecasts Spreadsheet • Email with an invitation to join a Shared folder in OneDrive • Screen shot of your folders and files • Email to the Management Team • Updated Communication Plan • Updated Information Management Policy and Procedures • Completed staff and student register • Report on staff and student feedback • Signed Observation Checklist Complete the following activities: King Edward VII College has been operating since 2015. The College is based in Melbourne CBD and has an additional campus in Sydney. The College offers a range of courses in management, marketing, human resources and international business. It currently has 195 students enrolled across all of its courses and both campuses. Courses are offered at all levels, from Certificate II to Graduate Diploma. King Edward VII College is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities. The College currently employs 24 staff members that include the CEO, a Sales and Marketing Manager and Sales and Marketing Assistant, Promotions Officer, Human Resources Manager, Operations Manager, Administration Manager, Office Assistant, Receptionist, Academic Manager, Student Services Officer and approximately 14 trainers and assessors. CCMT‐BSBINM601 Task 2 ‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648 L2, 15 Barry Drive, Turner, ACT 2612 | E‐mail: [email protected] | Website: www.ccmtcollege.edu.au | Phone: 02 9188 1733 2 of 9 Currently, the company is preparing the financial forecasts and projections for the year ahead. The College is planning to open two new campuses, one in Brisbane and one in Adelaide in the next year, and that will have to be factored into the forecasts. As the Operations Manager for King Edward VII College, you have been tasked to prepare the financial forecasts and projections for the upcoming year. This will be used to inform the preparation of budgets and to develop a deeper understanding of the business’s potential. You will also be required to look at various data storage and access systems that could be adopted, and that have the potential to grow with the business. 1. You are required to write a report to inform a staff meeting on the proposed company expansion. To do this you will need to review the company’s:  Business Plan  Financial Policy and Procedures  Financial Data  Profits and Loss Statements for the previous three years.  Staff Survey Results  Student Feedback  Forecast Spreadsheet Template Your report is to include the following:  A review of business performance data  Financial forecast. Use the Forecasts Spreadsheet to record your figures.  A review of staff feedback  A review of student feedback  Identify, define and analyse business problems and issues  Identify further sources of information on VET  Analysis of trends  A sensitivity analysis on any proposed options  Data storage and access options  A risk management plan You must use the Briefing Report Template and Forecasts Spreadsheet. 2. You are required to organize a meeting with the management team (at least two group member). The objective of the meeting is to get the Management Team to agree to the proposed campus expansion and to decide on which data storage system to use. Begin by summarising each part of your report, answering any questions asked by the team members. When you have finished summarising your report, ask the Management Team of they would approve the proposed campus expansion. The Management Team should then decide which data storage and access system should be adopted by the College. CCMT‐BSBINM601 Task 2 ‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648 L2, 15 Barry Drive, Turner, ACT 2612 | E‐mail: [email protected] | Website: www.ccmtcollege.edu.au | Phone: 02 9188 1733 3 of 9 3. Assume that the Management Team has approved the use of OneDrive. Go to OneDrive and sign in with your Microsoft account. Create a new folder and enter a name for the new folder (King Edward College_Your student ID). In order to test the new system, send the Management Team (your assessor) an invitation to join a Shared folder in OneDrive. 4. Develop a communication plan to ensure that all stakeholders are made aware of the campus expansion and the new data storage system. Ensure that the strategies you develop are designed to promote the benefits of change to staff and to reduce the likelihood of a negative response/adverse outcomes. Your communication plan should also show the reporting process to senior management, which will be required on a regular basis. The College’s customers (the students) should also be informed about the campus expansion. You must use the Communication Plan Template. 5. Develop an Information Management Policy and Procedures that address confidentiality, privacy and security. One of the King Edward VII College Administration Assistants has prepared an Information Management Policy and Procedures Template that includes some information from the company’s Style Guide. Use this to guide your work in this activity. 6. Submit a screen shot of your folders and files in OneDrive. Ensure that you have an overall folder for your work, as well as sub folders if necessary. All of the documents you have submitted for this assessment task should be correctly named and filed. The screen shot should show all the folders and documents. 7. You are required to present the following documents to the management team (your assessor) and seek their feedback. a. Communication Plan b. Information Management Policy and Procedures c. Screenshot 8. Use the feedback that you have received to update your Communication Plan and Information Management Policy and Procedures. Save this document as Updated Communication Plan and Information Management Policy and Procedures. CCMT‐BSBINM601 Task 2 ‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648 L2, 15 Barry Drive, Turner, ACT 2612 | E‐mail: [email protected] | Website: www.ccmtcollege.edu.au | Phone: 02 9188 1733 4 of 9 9. Complete databases and develop a report following confidentiality/privacy policies. It is 3 months later and the new OneDrive system is working well. Different folders have been set up for different functions. Folders have been set up to capture data about student and staff experiences. The Student Experience folder now includes a student feedback register where student feedback for each month is to be recorded and analysed. A Staff Experience folder has also been set up which now includes a staff feedback register where staff feedback for each month is to be recorded and analysed. As the Operations Manager it is your responsibility to update each of these databases regularly based on reports provided to you by your team. Review the feedback received from staff and students this month in the Staff and Student Feedback report. Complete the Student Feedback Register and the Staff Feedback Register. Following this you are to prepare a short report for management about the feedback from staff and students. Summarise all of the feedback provided and make at least two recommendations on how to action the feedback. In preparing your report you are to adhere to the confidentiality and privacy policies by de‐ identifying staff and students in your report as per the organisation’s policy and procedures. Submit your completed registers and report to your assessor.

bsbinm601-task-1-v1-bk0hwxje.pdf bsbinm601-task-2-v1-rbazaeof.pdf

Bidusha · Accepted Answer

90184/90184-cw30wbns.docx
King Edward VII College
Business expansion briefing report
Introduction
This report is focused on a review of the business performance of King Edward VII College. It will develop of financial forecast of the financial variables of the college. The report takes into account the feedbacks of staffs and students and effectively deals with it to identify, define and analyze business problems and issues. It also analyzes the trends of the financial variables. The report also mentions about data storage and access options prevailed in the organizational administration. This also can templates an effective sensitive analysis that deals with the validity and the reliability of the source data. Further the report also considers the risk management aspects of the organization.
Business performance
The profit and loss statement for the year 2016 shows that it the gross profit prior taxation is $57550. The sales was $800 000 while the total expenses amount it up to only $742450. The exception report according to the profit and loss statement report is that the variation in the expected profit to actual profit was around 20%. It reports that a lower number of students got admission into the college than it was expected in the first year operation. However, it also reports that no significant variation in the earlier years.
On the contrary the gross profit in the year 2017 was overwhelmingly good. It amounted to $ 418650. No such variations were reported in the exceptions report and the business was overwhelming in this financial year. 
The gross profit continued to grow in the year 2018 and the amount of$ 513100 of gross profit was incurred for the particular year. The profit and loss statement accounts that there is an increase in the cost by 10%. This increase in cost was accounted in all the aspects except the rent and wages. However, as there were new recruits into the college due to the increase in the number of students the additional wages also accounted for the increase in the cost in the year 2018. The wages paid to the old staffs were same and hence there was no increase recorded in terms of the rent and wages that prevailed in the previous year.
Financial forecast
The forecasting of the financial data has been compiled by using trend analysis with the help of Microsoft Excel. The financial data for the year 2019 & 2020 is forecasted based on the data of 2016, 2017 and 2018.
Forecast for 2019
· Net sales- The value of net sales for the year 2019 as forecasted from the net sales value of 2016, 2017 and 2018 is $2,640,000.	
· Total expenses- The total expenses as forecasted $1,584,683.	
· Profit or loss- The gross profits as forecasted $785,316		
Forecast for 2020
· Net sales- The value of net sales for the year 2020 as forecasted from the net sales value of 2016, 2017 and 2018 is $2,900,000.	
· Total expenses- The total expenses as forecasted $1,994,311.	
· Profit or loss- The gross profits as forecasted $939,022.
The forecast results express an unprecedented growth of the net sales total expenses and the gross profit of the organization. Expansion of the business will be associated with a positive investment return as forecasted by the trend analysis of previous profit and loss statements.	
Staff feedback
The staff feedback accounts for a positive note about the organization. They expressed that the working environment is effective and they enjoyed working as there are many new and interesting things to work on every single day. However, they are not satisfied with the training processes provided by the organization and the ad hoc performance review system maintained by the organization. The staffs also complained about the longer hours of work and sometimes works are not pertained to the job descriptions that were provided to them at the time of recruitment. There are some instances that the staff also complaint about not being paid for extra task. The staff feedback also recorded that the team what is not effectively mentioned in this organization and there are no efforts for the professional development in the organization.
Customer Feedback
The student feedback is very positive and most of them reports that they have a good time and are satisfied with the teachers and the facilities available in the college. Most of the students report that they are satisfied about the course work and the modern workstations in the college. However the complains that the number of teaching staff are less even though present teaching staff are good enough. The students are also happy about the campus location and the administration of the organization. The student feedback effectively notes that the organization is doing well to enhance the customer satisfaction as students are the potential customers to the college. Positive feedbacks from the students enhance the goodwill and the market base of the organization.
Business problems and issues
Effective business problems and issues that are faced by the organization are:
· Changes in the industry that are affecting the students. 
· Alterations in the legal compliances as mentioned by the government authorities. 
· There are adverse effects of government policies which is affecting the business and the expansion of the college. 
· Low priced competitors are another aspect that is affecting the business. 
· The turnover rates of the trainers and the staff are very high. This is due to the fact that the staff experiences very low professional development in the organization.
· Prevailing malpractices in the organization are creating poor sections about the training provided to the students.
VET Information
Two formal sources from where data has been collected through an affective vetting are the data from the government agencies and primary data from all the high school students who thoughts on interest regarding the vocational and educational training. The informal networks of information were the information and data obtained from the data analysis of the competitors and the alumni of other vocational training institutes in the city, where new campuses are to be set.
Trends analysis
There are effective changes in the pattern, faced by the organization in the recent times. The potential reasons for the changing patterns are: 
· The staffs are more concerned on developing their professional skills rather than performance in the organization. 
· Competition is gradually increasing in the academic field due to the number of increase in students and there is a greater inclusion of pupil for management courses. 
· Government is showing effective interest to invest in the management studies with an effective consideration of STEM in the course provided to the students.
The effect of this pattern is:
· The organization is trying to take an effective measure to develop the staffs professionally.
· Courses are planned accordingly that can equip the students with more technological knowledge. This will ease the availability of government funds.
· The college is making efforts to associate more technological aspect and perspectives in the training and course, so that it can ousted its competitors.
Decision process
The organization must effectively consult with the direct stakeholders for instance the director, finance department, senior managers, operation managers and other authorized persons before taking a decision of major investment. The associated technicalities and the risk management should be effectively studied before taking decisions on major investment.
Compliance
Organizational objectives focus on providing and effective vocational education and establish a high quality infrastructure that supports the clients and the staffs. The values of the organization are excellence, innovation, collaboration, diversity, integrity, equality and accountability. So these principles must be effectively compiled with the organizational operation to sustain the organizational objectives and values.
Data storage and access options
Authorization should be effectively inculcated in the system for storage and accessing data. Effective information security classification decision flowchart and information security classification policy can help the institution to decide the category of information security. Classification can help to determine where the data is stored, who can access the data and how the data should be disposed.
Sensitivity analysis
· Campus networking strategy is an effective way by which every single campus can store and access data from all campuses from a single portal. Campus network is a virtual infrastructure that provides the entire information and data about all the campuses.
· Building single portal with an effective storage capacity that will secure information about all the campuses in a single platform.
Validity and reliability of source data
The data obtained for analyzing the business conditions are effective since they are obtained from various sources that include current and potential clients. Vetting is effectively used for investigating which provides valuable information on the present business conditions. Moreover data from the competitors and government agencies are effective and potential to use them in analyzing business conditions and market conditions. Hence, the collected data is both valid and reliable.
Risk Management 
The risk associated with the planned expansion is: 
· A lump sum investment in expansion of campus in Sydney and Brisbane will associate with a large financial outlay.
· It is obvious that the branches that will be opened in Sydney and Brisbane shall be a new one. The risk factor lies here is overestimating the market potential based on the context of the present campus in Melbourne.
· Risks associated with endowment returns. Endowments adhere to specific guidelines estimating how funds are invested and target returns are set by the fund managers. If the funds are not managed properly, endowments may stop and thereby a situation of insufficient cash flow can force the institution to cut off programs and staffs.
· The risk of inculcating an appropriate business model. This can challenge the institution's ability to generate adequate revenue.
· Risk associated with brand management. The goodwill of the educational institution depends upon their positive reputation for attracting top students and faculty.

Microsoft Word - BSBINM601 Task 1 V1.0 CCMT‐ BSBINM601 Task 1‐V1.0 Bhairav Baba Pty Ltd T/A Canberra College of Management & Technology | ABN: 79 639 129 454 |CRICOS: 03880E | RTO Code: 45648...

Answer To: Microsoft Word - BSBINM601 Task 1 V1.0 CCMT‐ BSBINM601 Task 1‐V1.0...

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment