Reference no: EM133067265

BSBMGT617 - Develop And Implement a Business Plan

This project will enable you to demonstrate skill and underpinning knowledge, and produce end products suitable for use in the work place. (If you are not working you will need to discuss, with your assessor, how you can address this as a simulation or possibly how you can address it in terms of a company for which you have previously worked.)

You must develop a business plan.
The plan must be clearly articulated and formatted in such a way that makes it acceptable to the business organisation. It must contain all of the necessary elements and must be informed by accurate, current, relevant and useful data/ information. Graphs, charts, tables etc can be used and any information that is relevant but not necessarily required for inclusion in the plan can be included in an appendix.

The plan could apply to the business as a whole; specific aspects of the business, or to a proposed new venture.

Submit, to your assessor, the completed business plan, relevant risk and cost-benefit analyses and brief answers to the following questions:

1. What concepts and ideas were considered?

2. How did you identify the resources that would be required to support plan?

3. What personnel would be involved in the planning process?

4. What data/ information did you use when formulating the plan?

5. With whom did you consult and why did you consult with these people?

6. From what sources did you gather data/ information?

7. How did you verify the currency, reliability and usefulness of the data/ information you collected?

8. How will the plan benefit the business?

9. How will you communicate this plan to other personnel in the business and how will you ensure that they support the plan?

10. Will the plan make any differences to the skills and competencies required by employees; and if it does, what action will you take?

11. How will the plan contribute to continuous improvement?

Alternative assessment
If you are currently employed, to assist with assessment, and if you can verify that these are entirely your own work, you might submit any of the following:

o a business plan that you have written
o data you have collected and analysed for contribution to a business plan
o organisational performance reports that are mapped against planned business objectives
o the results of SWOT or other research and planning activities
o market research that you have undertaken
o a portfolio of evidence showing a range of business planning activities in which you were involved, and their outcomes
o third party workplace reports of on-the-job performance-to show that you are able to effectively develop and implement business plans

Your assessor will determine how well this documentation meets the assessment requirements and will ask you a series of verbal questions relating to the continuous improvement and to any legislation applicable to your business organisation.