Reference no: EM132996291
BSBMGT617 Develop and implement a business plan
Assessment 3 - Project 2 - Prepare, implement and monitor the finalised business plan
Part A: Present the draft plan for approval
You are the General Manager of the company and have prepared a draft business plan according to your brief in Assessment 2.
You are to present the draft business plan to a team of stakeholders, whom you must collaborate with to gain approval for the plan.
In this assessment, you are required to actively facilitate effective group interaction, influence direction, and taking a leadership role.
Your assessor will record and assess your presentation and the resulting discussion/consultation against the criteria in the Role Play Observation Checklist.
• Your assessor will allocate a team of classmates to act as a team of key stakeholders, such as business partner, financier, staff member and technical adviser.
• The aim of the consultation/discussion is to gain their approval for the plan.
• You must seek their advice, listen actively and question them to clarify or elicit information.
• You must review and prioritise change requirements or opportunities with them and make a note of their inputs, any changes suggested.
• At the end of the presentation you should provide any clarification your stakeholders may require and summarise the proceedings and discussions of the meeting.
• You must ask the stakeholders if they are satisfied with the plan and ask for their formal approval.
• You must take notes during the role play, and submit these to your assessor during Part B.
Part B: Prepare the final draft of the business plan
Once the business plan is approved (or conditionally approved subject to changes), prepare the final draft of the business plan, incorporating all relevant feedback from the stakeholders. You must use the notes you prepared during Task 1 to complete the business plan.
Part C: Implement and monitor the business plan
This is a continuation of the simulation in Part A and Part B.
• Prepare a plan for implementing and monitor the business plan you developed Task 2.
• Your plan must include actions, responsibilities on staff and date/time periods.
• It must include the following tasks/ actions:
o Checking of performance of plan against indicators
o Reviewing of performance indicators and refining if necessary
o Ensuring skilled labour is available
o Testing and refining the performance measurement systems
o Ensuring timely reporting on all key aspects of the business
o Ensuring business reports are user-friendly
o Ensuring a good balance of financial and non-financial performance in the reporting
o Reporting system failures, product failures and variances to the business plan as they occur
o Analysing performance reports against planned objectives
o Implementing continuous improvement through review of processes and work methods
Attachment:- Develop and implement a business plan.rar
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