Reference no: EM133179420
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: Project: Develop an Operational plan
Operational plan is required
Operational plans provide an organisation with a mechanism to put their strategies in action and identify the resources required to achieve their stated goals and objectives. Operational plans may also be termed as action plans, annual plans, management plans or tactical plans. Separate operational plans are often prepared by different departments within an organisation to outline their specific tasks and priorities.
In Assessment Task, you developed the understanding of the structure and components of an operational plan through an analysis of a sample operational plan. In this assessment task, given as a project, you will be required to develop an Operational Plan for a sample organisation based on its Strategic Plan. You will be provided with a sample strategic plan for this task.
Your trainer/assessor will play the role of the Senior Manager for the purpose of this task.
A past or an existing organisation can also be used as an example to develop the required organisational context for this task. Alternatively, based on the sample strategic plan, research and collect some organisational information as a background to your plan.
Develop an operational plan that includes.
Executive summary
Stakeholders, consultation, and approvals
Operational goals and expected outcomes
Action plan (convert strategies to actions)
Key performance indicators (KPIs)
Human resource requirements (including training or PD and strategies to address the requirements)
Physical and other resource requirements (including strategies to acquire the resources)
Resource conservation/waste management tactics
Budget/cost expectations
Key responsibilities; including intellectual property rights and responsibilities
Communication plan (how plan will be communicated to all team)
Monitoring and evaluation
Contingency plan
An operational plan fundamentally addresses four questions:
Where are we now?
Where do we want to be?
How do we get there?
How do we measure our progress?
Contingency planning involves creating an alternative plan in the event of the original operational plan changing or facing obstacles due to unforeseen circumstances. It can be based on anticipated risks (e.g., non- availability of raw materials, government approvals etc.) and alternatives that can be used to keep the operational plan moving.