- AHCBUS506A - Develop and review a business plan
Assessor Resource
AHCBUS506A
Develop and review a business plan
Assessment tool
Version 1.0
Issue Date: May 2024
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.
This unit covers developing and reviewing a business plan and defines the standard required to: 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.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)
Employability Skills
This unit contains employability skills.
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.
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. | |
Overview of assessment | |
Critical aspects for assessment and evidence required to demonstrate competency in this unit | Competence in developing and reviewing a business plan requires evidence that demonstrates ability to scope the business plan and determine key objectives and targets. The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following: 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. |
Context of and specific resources for assessment | Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances. |
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.
Required skills |
set realistic goals operate manual and/or electronic commercial systems consider and evaluate alternatives develop and manage supply chains design performance criteria, and operational and tactical plans that are incorporated into a business plan analyse information and results identify and design risk management and mitigation strategies identify and design appropriate operational plans use literacy skills to fulfil job roles as required by the organisation. The level of skill may range from reading and understanding documentation to completion of written reports use oral communication skills/language competence to fulfil the job role as specified by the organisation including questioning, active listening, asking for clarification, negotiating solutions and responding to a range of views use numeracy skills to estimate, calculate and record complex workplace measures use interpersonal skills to work with others and relate to people from a range of cultural, social and religious backgrounds and with a range of physical and mental abilities. |
Required knowledge |
budgeting forecasting relevant industrial awards and agreements communication techniques risk management factors and priorities indicators of operational performance the fiscal and operational systems, and the resource considerations, that are relevant to business planning logical and analytic methods profit and loss and cash flow systems working knowledge of environmental, OHS, industrial relations, taxation, corporate and industry legislation as they relate to the enterprise capital investment analysis. |
The range statement relates to the unit of competency as a whole. | |
Business plans may include: | the goals and targets for the business plan which may be short, medium or long term and may relate to marketing and production targets resource and asset development and management, acquisitions capital property improvements operational systems. |
Operational goals and targets may include: | link directly to the enterprise strategic plan and also to Occupational Health and Safety (OHS), environment, quality and customer/market satisfaction key result areas. |
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 |
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Scope of the business plan and associated systems is determined in consultation with key and specialist personnel. | |||
Accurate information is accessed to inform business plan development. | |||
Trends and seasonal variations are accounted for and incorporated into the business plan. | |||
Strategic goals, targets and directions of the enterprise are accounted for in the development of the business plan. | |||
Legal obligations are understood and complied with in developing the business plan. | |||
Operational goals and targets that enhance opportunities to meet the enterprise strategic plan are developed. | |||
Supply chains are identified and incorporated into the business plan. | |||
Risk management needs are identified and addressed within the business plan. | |||
Trial systems are incorporated in order to test budgetary impact and operational potential prior to full implementation of the business plan. | |||
Indicators of operational performance are clear and measurable and allow for realistic analysis of performance. | |||
Fiscal and operational systems that enhance performance management and suit enterprise requirements are included. | |||
Resource considerations are incorporated into the business plan. | |||
Business plan is accurately documented and clearly communicated to all relevant parties. | |||
Performance against the business plan is monitored to identify strengths, weaknesses and areas for improvement. | |||
Recommendations to improve the business plan and associated systems are made as required. |
Forms
Assessment Cover Sheet
AHCBUS506A - Develop and review a business plan
Assessment task 1: [title]
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I declare that the assessment tasks submitted for this unit are my own work.
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Result: Competent Not yet competent
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Assessment Record Sheet
AHCBUS506A - Develop and review a business plan
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Assessment task 1: [title] Result: Competent Not yet competent
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Feedback to student:
Overall assessment result: Competent Not yet competent
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