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Elements and Performance Criteria

  1. Determine scope of business plan
  2. Prepare business plan
  3. Document and review business plan

Range Statement


Performance Evidence

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.


Knowledge Evidence

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.