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Elements and Performance Criteria

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

Required Skills

Required skills

set realistic goals

operate manual andor 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 skillslanguage 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

Evidence Required

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


Range Statement

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.