Assessor Resource

AHCBUS507
Monitor and review business performance

Assessment tool

Version 1.0
Issue Date: April 2024


This unit of competency describes the skills and knowledge required to monitor and review business performance.

All work must be carried out to comply with organisational requirements, work health and safety legislation, sustainability practices and codes 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. Identify performance requirements

1.1 Develop realistic performance indicators within available timeframes and resources

1.2 Identify and minimise factors inhibiting performance against objectives

1.3 Identify and assess market conditions based on relevant data and transferable and justifiable assumptions

1.4 Identify capacity to promote the sustainability of operations and incorporate into enterprise procedures

2. Evaluate enterprise performance

2.1 Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance

2.2 Review and analyse operational structures to determine the suitability of organisational processes to enterprise objectives

2.3 Evaluate enterprise strengths and weaknesses against market conditions to determine current and future capacities

2.4 Monitor impact of natural conditions on enterprise performance

2.5 Assess sustainability of resource use

2.6 Evaluate performance against enterprise objectives to identify variations and scope for future development

3. Review business performance

3.1 Review business operations to identify opportunities for improvements in performance

3.2 Review business financial performance to identify opportunities for improvement

3.3 Review business marketing performance to identify opportunities for improvement

3.4 Review business risk management performance to identify opportunities for improvement

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:

gather and analyse data relating to enterprise performance

review operational structures to determine effectiveness

identify available resources to assess capacity

develop realistic performance indicators

review enterprise operations against performance indicators

plan to improve business performance by addressing results of review

monitor and manage resources

assess sustainability of resource use.

The candidate must demonstrate knowledge of:

rates of return for products and services

financial analysis techniques

structure and operation of small businesses and the relevant State and Territory work health and safety

legislative requirements

environmental conditions, positive environmental practices and negative impact minimisation measures

human resource requirements for the enterprise

transport requirements for the enterprise

enterprise and property improvement requirements

market performance in commodities

statutory marketing requirements.

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. Identify performance requirements

1.1 Develop realistic performance indicators within available timeframes and resources

1.2 Identify and minimise factors inhibiting performance against objectives

1.3 Identify and assess market conditions based on relevant data and transferable and justifiable assumptions

1.4 Identify capacity to promote the sustainability of operations and incorporate into enterprise procedures

2. Evaluate enterprise performance

2.1 Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance

2.2 Review and analyse operational structures to determine the suitability of organisational processes to enterprise objectives

2.3 Evaluate enterprise strengths and weaknesses against market conditions to determine current and future capacities

2.4 Monitor impact of natural conditions on enterprise performance

2.5 Assess sustainability of resource use

2.6 Evaluate performance against enterprise objectives to identify variations and scope for future development

3. Review business performance

3.1 Review business operations to identify opportunities for improvements in performance

3.2 Review business financial performance to identify opportunities for improvement

3.3 Review business marketing performance to identify opportunities for improvement

3.4 Review business risk management performance to identify opportunities for improvement

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:

gather and analyse data relating to enterprise performance

review operational structures to determine effectiveness

identify available resources to assess capacity

develop realistic performance indicators

review enterprise operations against performance indicators

plan to improve business performance by addressing results of review

monitor and manage resources

assess sustainability of resource use.

The candidate must demonstrate knowledge of:

rates of return for products and services

financial analysis techniques

structure and operation of small businesses and the relevant State and Territory work health and safety

legislative requirements

environmental conditions, positive environmental practices and negative impact minimisation measures

human resource requirements for the enterprise

transport requirements for the enterprise

enterprise and property improvement requirements

market performance in commodities

statutory marketing requirements.

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
Develop realistic performance indicators within available timeframes and resources 
Identify and minimise factors inhibiting performance against objectives 
Identify and assess market conditions based on relevant data and transferable and justifiable assumptions 
Identify capacity to promote the sustainability of operations and incorporate into enterprise procedures 
Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance 
Review and analyse operational structures to determine the suitability of organisational processes to enterprise objectives 
Evaluate enterprise strengths and weaknesses against market conditions to determine current and future capacities 
Monitor impact of natural conditions on enterprise performance 
Assess sustainability of resource use 
Evaluate performance against enterprise objectives to identify variations and scope for future development 
Review business operations to identify opportunities for improvements in performance 
Review business financial performance to identify opportunities for improvement 
Review business marketing performance to identify opportunities for improvement 
Review business risk management performance to identify opportunities for improvement 

Forms

Assessment Cover Sheet

AHCBUS507 - Monitor and review business performance
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

AHCBUS507 - Monitor and review business performance

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: