BSBSTR601 Manage innovation and continuous improvement XXXXXXXXXX1 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June...

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BSBSTR601 Manage innovation and continuous improvement 1 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 Assessment Task 2: Project portfolio Information for students In this task, you are required to demonstrate your skills and knowledge by working through a number of activities and completing and submitting a project portfolio. You will need access to: • a suitable place to complete activities that replicates a business environment including a meeting space and computer and internet access • your learning resources and other information for reference • BSBSTR601 Simulation Pack or access to relevant team members, information and workplace documentation and resources at your organisation • Project Portfolio template. Ensure that you: • comply with the due date for assessment which your assessor will provide • adhere with Abbey College Australia’s submission guidelines • answer all questions completely and correctly • submit work which is original and, where necessary, properly referenced • submit a completed cover sheet with your work • avoid sharing your answers with other students. BSBSTR601 Manage innovation and continuous improvement 2 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 Activities Complete the following activities: 1. Carefully read the following: This project requires you to complete a range of activities relevant to managing continuous improvement and innovation for one organisation as a whole or one work area within an organisation (e.g., a department of a company). To do this, you will assume a managerial role and communicate with team members and other stakeholders to improve the work environment for the organisation or work area. Vocational education and training is all about gaining and developing practical skills that are industry relevant and that can help you to succeed in your chosen career. For this reason, we are giving you the choice to base this project on your own business, one you work in or a familiar with, or you can use the case study provided. This will mean that you are applying your knowledge and skills in a relevant, practical and meaningful way to your own situation! If you are using the case study business, all relevant information for you to complete this assessment can be found in the Simulation Pack. If you are basing this assessment on your own choice of business or work area, make sure you have access to all required information (read through the requirements in the green boxes below for further information). Speak to your assessor to get approval if you want to base this on your own business. You will be collecting evidence for this unit in a Project Portfolio. The steps you need to take are outlined below. Before you begin, complete page 4 of your Project Portfolio. Start working on Section 1 of your Project Portfolio. Steps 2 to 4 form part of Section 1. If you are basing this assessment on your own business, you need access to at least two written documents that provide information about your organisation or work area’s: • processes and systems (including supply chain) • plans • continuous improvement systems, processes, and innovations • performance (including mathematical information). You also access to policies and procedures that outline processes for approvals, project management, change management and knowledge management. Examples of such documents include: BSBSTR601 Manage innovation and continuous improvement 3 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 • Strategic Plan • Operational Plan • Project documentation (such as the Schedule, Project Briefing and Status Reports) • Continuous improvement Policies and Procedures • Project Management Policy and Procedures • Change Management Policy and Procedures • Communication Policy and Procedures • Performance Reports. Examples of mathematical information include: • budgets (forecast and actual) • number of customer complaints • amount of rework required. 2. Review organisational documentation. Read at least two written documents that provide information about the business, its operations/processes, plans and continuous improvement systems, processes, and innovations. Also read at least one policy and procedures that outlines the organisation’s processes for approvals, project management, change management and knowledge management. Make notes (for example using comments, highlighting or other review tools) on the documents as you read them to help you interpret the information. If you are basing this assessment on the case study, read the following documents: • Case study details • Strategic and Operational plans • Organisational structure • Internal and External Communication Policies and Procedures. Summarise the information you’ve collected. Your summary should address: • key objectives • key decision makers • key operational processes i BSBSTR601 Manage innovation and continuous improvement 4 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 • supply chain details • strategies to monitor and evaluate performance and sustainability of key systems and processes • current continuous improvement systems, processes, and innovations in place • requirements for approvals, change management, project management and knowledge management. 3. Summarise and analyse current performance for the organisation or work area to identify required changes or improvement opportunities. Collect information about your business’ performance. Do this by reading available performance reports (that include mathematical information). If you are using the case study, review the 2021. Performance Overview in the Simulation Pack. Based on the information you’ve collected, summarise and analyse the current performance of your chosen organisation or work area to identify changes or improvement opportunities. To do this first: • summarise current performance (including mathematical information) and identify variances from existing plans • identify and analyse trends and opportunities relevant to the organisation or work area • analyse supply chains and the operational and service systems using Gap analysis and determine the cost-benefits of the changes, improvements, or new ideas. As you analyse the way things are currently done, remember that this is just one way of doing things and improvement or changes are possible. In your gap analysis, identify areas needing improvement or changes and suggest new ideas that may be trialled and tested to meet the need or opportunity. After your analysis, set objectives for continuous improvement and the way things work. 4. Identify team members and seek their input. Identify team members who can assist with continuous improvement and innovation in the workplace. i i BSBSTR601 Manage innovation and continuous improvement 5 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 Describe best practice ways of working that teams can use to achieve continuous improvement and to be innovative. Also identify learning opportunities for the team to improve their skills and knowledge in relation to continuous improvement and innovation. Draft an email to these team members seeking their input for continuous improvement in the organisation or work area. In your email: • promote the value of creativity, innovation, and sustainability • communicate the objectives for improving the way things work, expectations and desired outcomes • summarise the changes, improvements, and new ideas you’ve already identified including the cost-benefit of the new ideas. • seek their advice to identify further opportunities for improvement and to select three changes/improvements/new ideas to focus on. The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style. If you are using the case study, your assessor will respond to your email in the role of a team member when they mark Section 1 of your Project Portfolio. If you are using their own business, the actual team members may provide the advice, or you may ask your assessor to play the role of the team members and provide feedback instead. Make sure you have answered all questions in Section 1. You are required to attach certain documents as part of your evidence – review the documents you need to attach as outlined in Section 1 of the Project Portfolio. Submit Section 1 to your assessor. Start working on Section 2 of your Project Portfolio. Steps 5 to 8 form part of Section 2. If you are using your own business, you need access to team members willing to participate in mentoring and coaching. These people must agree to their participation being viewed by your assessor. 5. Plan for continuous improvement. Select three changes, opportunities, or new ideas to focus on as part of your continuous improvement efforts. Justify your choice, considering the need, resources available, and constraints. Develop a Continuous Improvement Plan. Your plan must include: i BSBSTR601 Manage innovation and continuous improvement 6 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 • Key Performance Indicators (KPIs) associated with the continuous improvement objectives • continuous improvement systems and processes • key actions, resources, constraints, and timeframes to achieve continuous improvement and innovation as you implement your chosen changes/opportunities/new ideas • impact the changes/opportunities/new ideas will have on the organisation, the consequences for people and the related transition plans • risk management to determine risks, outcomes, risk responses and contingencies for the Continuous Improvement Plan (including non- performance of staff members) • communication plans to manage changes associated with continuous improvement efforts • rewards for staff who have succeeded in their continuous improvement efforts • the knowledge management system to be used to capture continuous improvement plans and learnings. Use the work you’ve done in Section 1 of the Project Portfolio as well as the input provided by your assessor (in the role of a team member) to select and plan for continuous improvement. Use the template provided in the Project Portfolio. Your communication plans should adhere to any project management and change management requirements of your organisation. Remember to consider the audience when determining what to communicate, how to communicate, when to communicate and why the communication is necessary. 6. Coach and mentor team in continuous improvement and innovation. Prepare to coach and mentor the continuous improvement team members (identified in step 4). To do this: • Read through the steps below and make notes to use at the meeting. • Explain how you will facilitate effective group interaction and build rapport with the team members to ensure positive working relationships. • Set questions to ask team members about their vision for continuous improvement to guide your mentoring (e.g., how can you contribute to the continuous improvement team, what benefits do you want to obtain from being part of this team? etc). i BSBSTR601 Manage innovation and continuous improvement 7 | P a g e Abbey College Australia National Provider No. 91136| CRICOS Registration No. 02658G Version V1.0 June 2022 • Prepare to coach team on how to be innovative (e.g., select a creative thinking tool such as opposite thinking that you will introduce them to and demonstrate). • Create a questionnaire that you will use to seek feedback from team members on how you ran the meeting. Keep in mind that coaching focuses on the present immediate situation whereas mentoring focus on the future. Meet with at least two team members (identified in Section 1 of your Project
Answered 2 days AfterNov 16, 2022

Answer To: BSBSTR601 Manage innovation and continuous improvement XXXXXXXXXX1 | P a g e Abbey...

Asif answered on Nov 19 2022
39 Votes
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PROJECT PORTFOLIO
)
    
    Contents
Section 1: Continuous improvement and innovation review    4
Section 2: Plan and implement continuous improvement and innovation    12
Section 3: Continuous improvement and innovation monitoring and evaluation    19
BSBSTR601 Manage innovation and continuous improvement 28|Page
Abbey College Australia     
National Provider No. 91136| CRICOS Registration No. 02658G
Version V1.0 June 2022     
    Student name:
    
    Assessor:
    
    Date:
    
    Business (and work area if relevant) this assessment is based on:
    
    Role:
What role will you assume?
How does this role contribute to the broader work goals?
    
    
    Section 1: Continuous improvement and innovation review
Summarise the business or work area.
    Review organisational documentation
Which documents did you read?
Which policies and procedures will guide your approach to approvals, project
management and change management?
Attach the documents (including the notes you made as you read them) to this section of the portfolio.
Attach the policy and procedures (including the notes you made as you read them) to this section of the portfolio.
    The necessary documents which have been seen are the shareholder's agreement and employee offer letter.
Policies such as the employee reward policies and the business project management are good to implement and will be helpful in the proper approach in attains success for the company.
    Products and services
What are the products and services?
    The startup business provided table services and focused on developing hardware for the undeveloped school. The main objective of the business is to provide the best services that enhance students' life and future very rapidly. The company also provides developed software, hardware, and other items to primary students.
    Objectives
List the key business objectives.
    The objective of this business is to reduce illiteracy and enhance the education system with developed technology very effectively. The startup business tries to develop new technology that helps to reduce illiteracy and develop the world education system with advanced technology.
    Key decision makers
Who are the key decision makers (stakeholders to whom you will report or seek advice from)?
    The decision maker of this company is the owner and budget manager. The CEO also developed this business by implementing new technology and software. He also decides to handle stakeholder pressure and manage the entire team very efficiently.
    Operational processes
Describe key operational processes.
    The key operational process of the company is the foundation of plans to adopt cloud-based research. It is one of the most innovative and technologically improving approaches of the company and will result in the development of a proper organizational structure inside the company. The operational process of promoting their sales by preparing videos is also a better way of improving the business.
    Supply chain
Summarise the supply chain associated with the work area or organisation.
    Worlducation has a very complicated supply chain that manages the sale and entire products with an effective strategy. This company's sales have online services that help this company to easily build strong management very effectively. The ERP system operates strong management that easily manages the entire service with a developed strategy.
    Performance Improvement
Which strategies are currently used to monitor and evaluate the performance and sustainability of key systems and processes?
Discuss the current continuous improvement systems, processes, and innovations being used.
    The main strategies used by the company in monitoring and evaluating the performance of the employee are the metrics for the work efficiency of the employees.
Offering team meetings to the employees is one of the best improvement systems followed by the company. The staff surveys organized by the company are also a significant improvement process.
    Policies and procedures
What are the organisational requirements for approvals, change management, project management and knowledge management?
    The policy and procedures of the company include the development of new communication platforms, the innovation of tools for the sharing of information and collaboration between employees, and the creation of various channels.  The policies comply with the relevant legislative orders and best practice standards. The company has been continuing its improvement in forming policies that will be the best for the business.
Summarise and analyse current performanceto identify changes and improvement opportunities.
    Analyse performance to identifyperformance variances from existing plans.
Summarise the performance outcomes of your business.
Include mathematical information in your summary
How has the current business performance varied from what was planned?
Attach documents showing performance information as evidence that you’ve collected the information.
    Define the present and the future to develop the business.
Create a great plan and target and the ability to meet the target.
Proper monitoring of the activities and also the result.
Get the right employees to ensure the development of the company.
Define the goals to understand the need.
Comfortable workplace for the employees.
    Identify and analyse trends and opportunities
Describe current trends and opportunities associated with industry in which the business operates.
Analyse how these trends and opportunities impact the business.
    Implementation of e-commerce to reach more problems with the products.
Utilization of social media to solve the queries of the customers.
Remote work to provide easy services to the employees.
 Work-life balance for the good sake of the employees.
Investment in financial coaching to train the freshers.
    Analyse supply chains and operational and service systems to identify changes, improvements, and new ideas
Following current trends and opportunities are needed to run and flourish a business to meet the need and demands of the business. New trends and opportunities help in building strong relations between employees and customers (Seet et al., 2018). Through the feedback from the customers business owners made themselves capable of building products to customers' choices and preferences.
Perform Gap Analysis using the table provided to describe the current state of the supply chain and operational and service systems and the desired state of the supply chain and operational and service systems. Also identify solutions to bridge any gaps and the cost-benefit calculations of the solutions. You may identify more than one solution per issue
    Current state
(at least four issues)
    Future state
    Gap solutions
(these may be changes, improvement opportunities and new ideas)
    Cost-benefit
    Employee shortage 
    After solving this issue, the management developed and enhance their business.
    It highly needs a lot of focus to solve this issue.
    It takes an email survey to identify employee productivity.
    Poor brand value
    It helps to develop the brand value and product image.
    The company needs to provide a promotion strategy and social advertising.
    It develops through effective management.
    Fail to satisfy client demand.
     Satisfying is more important for clients.
    Provide the best services to their clients.
    Need to develop products very effectively.
    Poor employee performance
    No Need
    The company needs to develop management very effectively.
    It takes a huge amount to implement software that needs to develop.
    
    
    
    
    Set objectives
What are the objectives for improving how things work?
What are the continuous improvement objectives and desired outcomes?
    The objective of the company is to grow at the current pace and secure a standard position in the market by the implications of the various practices and strategies.
The improvement objectives of the company are to have a sustainable approach and enjoy a good market position as their desired outcome (McDonald et al., 2019). Thus, the company has been trying to implement its strategies.
Identify team members and seek their input.
    Identify at least two team members
Who in the team do you believe is instrumental to ensuring continuous improvement and innovation? Give your rationale for this.
    The fist member is the CEO of this company who highly focus on developing innovations and changes that highly impact this business and develop more productivity very effectively.
The team member also plays a great role to enhance the company's services very effectively. They take a huge responsibility that develops the entire workplace.
    Best practices
Describe best practice ways of working that teams can use to achieve continuous improvement and to be...
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