Describe models and methods for operational plans

Assignment Help Accounting Basics
Reference no: EM132136431

Assessment Conditions:

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk management field of work and include access to:

- Relevant legislation, regulations, standards and codes
- Relevant workplace documentation and resources
- Case studies and, where possible, real situations
- Interaction with others

Assessment Task 1

Activity 1A. For this activity, you will develop and implement an operational plan using a variety of information sources and consultation. To support you with this Activity, you are provided with a range of business documents of BBQfun and specialist advice will be provided to you by your Assessor will role-play consultant. Your operation plan must include: resource requirements, key performance indicators, monitoring processes and contingency plans.

You are then required write notes after you consult the specialist (your Assessor) to discuss the implementation of the operation plan.
o Show your draft operation plan and written notes on implementing the plan to your Trainer for feedback, incorporate any changes required and submit the final operation plan and notes to your Assessor for summative evidence.

During this Activity, you will be observed by your Assessor demonstrating the following:

Develop operational plan by:
- Researching, analysing and documenting resource requirements and develop an operational plan in consultation with relevant personnel, colleagues and specialist resource managers
- Developing and/or implement consultation processes as an integral part of the operational planning process
- Ensuring the operational plan includes key performance indicators to measure organisational performance
- Developing and implement contingency plans for the operational plan
- Ensuring the development and presentation of proposals for resource requirements is supported by a variety of information sources and seek specialist advice as required
- Obtaining approval for the plan from relevant parties and explain the plan to relevant work teams

Activity 2. For this activity, you are required to communicate effectively with relevant stakeholders (your Assessor will play a stakeholder of BBQfun) to explain the plan and supporting information, seek approvals, negotiate variations and engage work teams. You will write notes on each heading before you communicate with the stakeholder.

o Show your draft notes to your Trainer for feedback, incorporate any changes required and submit your finalised notes to your Assessor for summative evidence
During this Activity, you will be observed by your Assessor demonstrating the following:

Plan and manage resource acquisition by:
- Developing and implement strategies to ensure that employees are recruited and/or inducted within the organisation's human resources management policies, practices and procedures
- Developing and implement strategies to ensure that physical resources and services are acquired in accordance with the organisation's policies, practices and procedures
- Recognising and incorporate requirements for intellectual property rights and responsibilities in recruitment and acquisition of resources and services

Activity 3. For this activity, you will write a report to develop and implement strategies to achieve the operational plan within the organisation's policies, practices and procedures including: recruiting, inducting and developing personnel, acquiring physical resources and services, protecting intellectual property, making variations to the plan and monitoring and documenting performance.
o Show your draft report to your Trainer for feedback, incorporate any changes required and submit your report to your Assessor for summative evidence.

During this Activity, you will be observed by your Assessor demonstrating the following:

Monitor and review operational performance by:

- Developing, monitoring and reviewing performance systems and processes to assess progress in achieving profit and productivity plans and targets
- Analysing and interpret budget and actual financial information to monitor and review profit and productivity performance
- Identifying areas of under-performance, recommend solutions and take prompt action to rectify the situation
- Planning and implement systems to ensure that mentoring and coaching are provided to support individuals and teams to effectively, economically and safely use resources
- Negotiating recommendations for variations to operational plans and gain approval from designated persons/groups
- Developing and implement systems to ensure that procedures and records associated with documenting performance are managed in accordance with organisational requirements

Assessment Task 1

Student Performance Evidence checklist:

Activity 1A. For this activity, you will develop and implement an operational plan using a variety of information sources and consultation. To support you with this Activity, you are provided with a range of business documents of BBQfun and specialist advice will be provided to you by your Assessor. Your operation plan must include: resource requirements, key performance indicators, monitoring processes and contingency plans. You are then required write notes after you consult the specialist (your Assessor) to discuss the implementation of the operation plan. Submit the final operation plan and notes to your Assessor for summative evidence.

- For the Assessor to deem student's consultation process as either S or NS Not yet satisfactory

Activity 2. For this activity, you are required to communicate effectively with relevant stakeholders (your Assessor will play a stakeholder of BBQfun) to explain the plan and supporting information, seek approvals, negotiate variations and engage work teams. You will write notes on each heading before you communicate with the stakeholder. Submit your finalised notes to your Assessor for summative evidence
- For the Assessor to deem student's effective communication as either S or NS Not yet satisfactory

Activity 3. For this activity, you will write a report to develop and implement strategies to achieve the operational plan within the organisation's policies, practices and procedures including: recruiting, inducting and developing personnel, acquiring physical resources and services, protecting intellectual property, making variations to the plan and monitoring and documenting performance. Submit your report to your Assessor for summative evidence.

Your Assessor will use the Observable Behaviours - Assessment Task 1 - Assessor Checklist to ensure that you have completed all the assessment requirements for this Assessment Task.

Assessment Task 2

Student Information:

- You are instructed to read the following questions and seek for guidance from your Assessor for any unsure sections for clarification.
- Please print your answers for each question on separate sheet, making sure that your name, your student ID, Unit Name and code, question number and date of submission are included on your answer sheet.
- Before submitting your answer sheet please show it to your Assessor for feedback and incorporate any changes accordingly.
- Your Assessor will deem each answer as either S - Satisfactory or NS - Not Satisfactory.
- In the event that you are deemed NS - Not Satisfactory, you will receive feedback from your Assessor and you then will be required re-submit the answer/s on a separate page. (Ensure that your name, your student ID, Unit Name and code, question number and date of submission on your re-submitted answer).
- Only when have answered all the questions S- satisfactorily you then will be deemed S - Satisfactory for this Assessment Task.

Assessment Task 2 - Student Assessment Instructions: The evidence needed to be provided for assessment

For this Assessment Task you will be required to answer four questions on a separate, typed sheet:

- Question 1. Describe models and methods for operational plans
- Question 2. Explain the role of an operational plan in achieving the organisation's objectives
- Question 3. Explain budgeting processes
- Question 4. List alternative approaches to developing key performance indicators to meet business objectives
- Question 5. Outline the legislative and regulatory context relevant to the operational plan of the organisation
- Question 6. Outline the organisation's policies, practices and procedures that directly relate to the operational plan.

Your Assessor will use the Knowledge Evidence Checklist - Assessment Task 2 - to ensure that you have completed all the assessment requirements for this Assessment Task.

Reference no: EM132136431

Questions Cloud

Describe the steps you would use to test the plan : Describe the steps you would use to test the plan to ensure that the backup plan would function in case of an actual emergency.
Determine the minimum services that must be maintained : Determine the minimum services that must be maintained for that after a disaster What services should be restored first? What services do you think can be put.
Develop a complete disaster recovery plan : Develop a Complete Disaster Recovery Plan to be submitted to the executive board of your company. Please note that this is a formal writing.
Discuss the osi reference model in detail : Discuss the OSI reference model and TCP/IP model. discuss in details their features, advantages and disadvantages.
Describe models and methods for operational plans : BSBMGT517 Manage operational plan - Describe models and methods for operational plans - Explain the role of an operational plan in achieving the organisation
Explain where a datagram can be fragmented : Read the following topic then explain Where a datagram can be fragmented? Where the fragmented datagram can be reassembled?
Define data security and information assurance : Develop a "taxonomy" of DS/IA document. A taxonomy is a way of organizing something on a "group within group" basis. (Remember how the biological taxonomy).
Discuss pros and cons of the webrezpro service : Identify and discuss pros and cons of the webrezpro service compared to a traditional PMS. Please follow the Discussion Rubric to receive credit for posts.
Describe the theory behind each method : Describe the theory behind each method, the pros and cons, and what method is best for your current or previous organization.

Reviews

len2136431

10/9/2018 11:23:25 PM

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the regulation, licensing and risk - risk management field of work and include access to: • Relevant legislation, regulations, standards and codes • Relevant workplace documentation and resources • Case studies and, where possible, real situations • Interaction with others

len2136431

10/9/2018 11:23:14 PM

• If all the assessment tasks are not satisfactorily completed, the student will be deemed NC – Not Competent and the Assessor will detail the reasons for this assessment decision on the front page of this document. • Students can appeal to Vocational Training Institute against an assessment decision. This appeal should be made in writing within 7 days of the assessment decision.

len2136431

10/9/2018 11:23:06 PM

• Students must complete all assessment tasks and submit their evidence to the assessor. Each task will be graded as either S – Satisfactory or NS – Not Satisfactory by the assessor. Students will be given feedback by the assessor. • The assessor will use Task checklists to assess each task. • If the task is graded as NS – Not Satisfactory, the assessor will provide clear feedback to the student and the student will be required to re-submit the evidence. • When all assessment tasks have been graded as S – Satisfactory, the student will be deemed C – Competent.

Write a Review

Accounting Basics Questions & Answers

  What is the contribution controllable by division manager

Wininger Company has the following information available for the past quarter: What is the contribution controllable by the division manager in Division B

  Define the comparative income statement

Windtrax Company manufactures and sells to local wholesalers approximately 200,000 units per month at a sales price of $1 per unit.

  What is kdp special basis adjustment from the distribution

Kathy is a 25% partner in the KDP partnership and receives a parcel of land with a fair value of $150,000, What is KDP's special basis adjustment from the dis

  Organizing the information in accounts

a. Organize the information in accounts under an accounting equation. b. Prepare an income statement, balance sheet, and statement of cash flows for 2010. c. Write a memo discussing the advantages to a business of arranging a line of credit.

  Advantages of apply direct write-off over allowance method

Based on the information in the video, discuss the primary advantages and disadvantages of applying the direct write-off over the allowance method of writing.

  Bank reconciliation-journal entries-reporting cash

The bookkeeper at Tony Company has asked you to prepare a bank reconciliation as of February 28, 2006. The February 28, 2006, bank statement and the February T-account for cash showed the following (summarized):

  How many units would the company budget to produce in july

The inventory on May 31 contained 400 units. Given these facts how many units would the company budget to produce in July

  Ashbrook company adopted the dollar-value lifo method

Ashbrook Company adopted the dollar-value LIFO method on January 1, 2014 (using internal price indexes and multiple pools). The following data are available for inventory pool A for the 2 years following adoption of LIFO.

  Contract rate and market rate of interest

Will the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? Explain.

  Beth rader purchased north shore health club in june 2013

beth rader purchased north shore health club in june 2013. beth wanted to increase the size of the business by selling

  How much net income should be distributed to mooney

Smithson and Mooney had $50,000 and $150,000, respectively, in their January 1 capital balances. Net income for the year was $240,000.

  Determine the annual unit sales volume

Determine the annual unit sales volume at which Martinez company would be in different between the two manufacturing methods

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd