Assessor Resource

AHCBUS506
Develop and review a business plan

Assessment tool

Version 1.0
Issue Date: March 2024


This unit of competency describes the skills and knowledge required to develop and review a business plan.

This unit applies to those whose role is to set the short, medium or long term goals and targets for the business plan and may relate to marketing and production targets, resource and asset development and management, acquisitions, capital, property improvements, and operational systems.

All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices and in consultation with the management team.

This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities.

No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)



Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine scope of business plan

1.1 Determine scope of the business plan and associated systems in consultation with key and specialist personnel

1.2 Access information to inform business plan development

1.3 Account for and incorporate trends and seasonal variations

1.4 Account for strategic goals, targets and directions of the enterprise

1.5 Ensure legal obligations are understood and compliance requirements identified

2. Prepare business plan

2.1 Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan

2.2 Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance

2.3 Identify and include resource requirements and input supply chain options

2.4 Identify and incorporate human resource strategies

2.5 Identify and incorporate marketing strategies

2.6 Identify risks for the business and develop minimisation strategies

2.7 Identify mechanisms to test budgetary impact and operational potential before implementation

3. Document and review business plan

3.1 Include financial and operational systems that enhance performance management and suit enterprise requirements

3.2 Document and communicate business plan to relevant parties

3.3 Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement

3.4 Make recommendations to improve the business plan and associated systems

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

set strategic goals, targets and directions for the enterprise

determine clear and measurable indicators of operational performance

identify and design risk management and mitigation strategies

develop appropriate operational plans

document the business plan

monitor the business plan to identify strengths, weaknesses and areas for improvement

analyse information and results.

The candidate must demonstrate knowledge of:

budgeting

business forecasting

relevant industrial awards and agreements

communication techniques

risk management factors and priorities

marketing strategies

indicators of operational performance

financial and operational systems and resource considerations relevant to business planning

logical and analytic methods

profit and loss and cash flow systems

industrial relations, taxation, corporate and industry legislation, environmental and work health and safety legislation as they relate to the enterprise

capital investment analysis.

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.


Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Element

Performance criteria

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Determine scope of business plan

1.1 Determine scope of the business plan and associated systems in consultation with key and specialist personnel

1.2 Access information to inform business plan development

1.3 Account for and incorporate trends and seasonal variations

1.4 Account for strategic goals, targets and directions of the enterprise

1.5 Ensure legal obligations are understood and compliance requirements identified

2. Prepare business plan

2.1 Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan

2.2 Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance

2.3 Identify and include resource requirements and input supply chain options

2.4 Identify and incorporate human resource strategies

2.5 Identify and incorporate marketing strategies

2.6 Identify risks for the business and develop minimisation strategies

2.7 Identify mechanisms to test budgetary impact and operational potential before implementation

3. Document and review business plan

3.1 Include financial and operational systems that enhance performance management and suit enterprise requirements

3.2 Document and communicate business plan to relevant parties

3.3 Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement

3.4 Make recommendations to improve the business plan and associated systems

The candidate must be assessed on their ability to integrate and apply the performance requirements of this unit in a workplace setting. Performance must be demonstrated consistently over time and in a suitable range of contexts.

The candidate must provide evidence that they can:

set strategic goals, targets and directions for the enterprise

determine clear and measurable indicators of operational performance

identify and design risk management and mitigation strategies

develop appropriate operational plans

document the business plan

monitor the business plan to identify strengths, weaknesses and areas for improvement

analyse information and results.

The candidate must demonstrate knowledge of:

budgeting

business forecasting

relevant industrial awards and agreements

communication techniques

risk management factors and priorities

marketing strategies

indicators of operational performance

financial and operational systems and resource considerations relevant to business planning

logical and analytic methods

profit and loss and cash flow systems

industrial relations, taxation, corporate and industry legislation, environmental and work health and safety legislation as they relate to the enterprise

capital investment analysis.

Competency is to be assessed in the workplace or simulated environment that accurately reflects performance in a real workplace setting.

Assessors must satisfy current standards for RTOs.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
Determine scope of the business plan and associated systems in consultation with key and specialist personnel 
Access information to inform business plan development 
Account for and incorporate trends and seasonal variations 
Account for strategic goals, targets and directions of the enterprise 
Ensure legal obligations are understood and compliance requirements identified 
Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan 
Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance 
Identify and include resource requirements and input supply chain options 
Identify and incorporate human resource strategies 
Identify and incorporate marketing strategies 
Identify risks for the business and develop minimisation strategies 
Identify mechanisms to test budgetary impact and operational potential before implementation 
Include financial and operational systems that enhance performance management and suit enterprise requirements 
Document and communicate business plan to relevant parties 
Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement 
Make recommendations to improve the business plan and associated systems 

Forms

Assessment Cover Sheet

AHCBUS506 - Develop and review a business plan
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:


Assessment Record Sheet

AHCBUS506 - Develop and review a business plan

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: