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Evidence Guide: AHCBUS506 - Develop and review a business plan

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

AHCBUS506 - Develop and review a business plan

What evidence can you provide to prove your understanding of each of the following citeria?

Determine scope of business plan

  1. Determine scope of the business plan and associated systems in consultation with key and specialist personnel
  2. Access information to inform business plan development
  3. Account for and incorporate trends and seasonal variations
  4. Account for strategic goals, targets and directions of the enterprise
  5. Ensure legal obligations are understood and compliance requirements identified
Determine scope of the business plan and associated systems in consultation with key and specialist personnel

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access information to inform business plan development

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Account for and incorporate trends and seasonal variations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Account for strategic goals, targets and directions of the enterprise

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure legal obligations are understood and compliance requirements identified

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare business plan

  1. Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan
  2. Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance
  3. Identify and include resource requirements and input supply chain options
  4. Identify and incorporate human resource strategies
  5. Identify and incorporate marketing strategies
  6. Identify risks for the business and develop minimisation strategies
  7. Identify mechanisms to test budgetary impact and operational potential before implementation
Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and include resource requirements and input supply chain options

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and incorporate human resource strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and incorporate marketing strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify risks for the business and develop minimisation strategies

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify mechanisms to test budgetary impact and operational potential before implementation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document and review business plan

  1. Include financial and operational systems that enhance performance management and suit enterprise requirements
  2. Document and communicate business plan to relevant parties
  3. Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement
  4. Make recommendations to improve the business plan and associated systems
Include financial and operational systems that enhance performance management and suit enterprise requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Document and communicate business plan to relevant parties

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Make recommendations to improve the business plan and associated systems

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

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

Required Skills and Knowledge

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.

Range Statement