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Evidence Guide: AHCBUS507 - Monitor and review business performance

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

 

AHCBUS507 - Monitor and review business performance

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

Identify performance requirements

  1. Develop realistic performance indicators within available timeframes and resources
  2. Identify and minimise factors inhibiting performance against objectives
  3. Identify and assess market conditions based on relevant data and transferable and justifiable assumptions
  4. Identify capacity to promote the sustainability of operations and incorporate into enterprise procedures
Develop realistic performance indicators within available timeframes and resources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and minimise factors inhibiting performance against objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Evaluate enterprise performance

  1. Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance
  2. Review and analyse operational structures to determine the suitability of organisational processes to enterprise objectives
  3. Evaluate enterprise strengths and weaknesses against market conditions to determine current and future capacities
  4. Monitor impact of natural conditions on enterprise performance
  5. Assess sustainability of resource use
  6. Evaluate performance against enterprise objectives to identify variations and scope for future development
Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor impact of natural conditions on enterprise performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assess sustainability of resource use

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business performance

  1. Review business operations to identify opportunities for improvements in performance
  2. Review business financial performance to identify opportunities for improvement
  3. Review business marketing performance to identify opportunities for improvement
  4. Review business risk management performance to identify opportunities for improvement
Review business operations to identify opportunities for improvements in performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business financial performance to identify opportunities for improvement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business marketing performance to identify opportunities for improvement

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review business risk management performance to identify opportunities for improvement

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. 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

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. 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.

Range Statement