Explain a typical budgeting process in an organisation

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BSBOPS502 Manage Business Operational Plans

Learning Outcome 1: Establish operational plan

Learning Outcome 2: Manage resource acquisition

Learning Outcome 3: Monitor and review operational performance

Assessment Task:

Q1. What is an Operational Plan? What information would an Operational Plan typically contain?

Q2. Explain the role of an operational plan in achieving the organisation's objectives

Q3. In your opinion how would an Operational Plan of a Retail and Services firm will differ from that of a Manufacturing firm?

Q4. Explain a typical budgeting process in an organisation.

Q5. What are Key Performance Indicators (KPIs)? Provide examples of financial and non-financial KPIs in your own understanding.

Reference no: EM133179424

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