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.