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Evidence Guide: BSBMGT617 - Develop and implement 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

 

BSBMGT617 - Develop and implement a business plan

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

Develop business plan

  1. Review and evaluate preexisting strategic, business and operational plan, if available
  2. Analyse and interpret business vision, mission, values and objectives
  3. Consult with key stakeholders
  4. Review market requirements for the product or service, profile customer needs and research pricing options
  5. Develop performance objectives and measures through consultation with key stakeholders
  6. Identify financial, human and physical resource requirements for the business
  7. Consider any permits or licences that may be required for new activity
  8. Write business plan
Review and evaluate preexisting strategic, business and operational plan, if available

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Analyse and interpret business vision, mission, values and objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consult with key stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review market requirements for the product or service, profile customer needs and research pricing options

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop performance objectives and measures through consultation with key stakeholders

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify financial, human and physical resource requirements for the business

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consider any permits or licences that may be required for new activity

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Write business plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor performance

  1. Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes
  2. Ensure skilled labour is available to implement plan
  3. Test performance measurement systems and refine, if necessary
  4. Ensure timely reports on all key aspects of the business are available, userfriendly and balanced in terms of financial and nonfinancial performance
  5. Report system failures, product failures and variances to the business plan as they occur
Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure skilled labour is available to implement plan

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Test performance measurement systems and refine, if necessary

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure timely reports on all key aspects of the business are available, userfriendly and balanced in terms of financial and nonfinancial performance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Report system failures, product failures and variances to the business plan as they occur

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Respond to performance data

  1. Analyse performance reports against planned objectives
  2. Review performance indicators and refine if necessary
  3. Ensure groups and individuals contributing to underperformance are coached, and provide training where appropriate
  4. Review system processes and work methods regularly as part of continuous improvement
Analyse performance reports against planned objectives

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review performance indicators and refine if necessary

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure groups and individuals contributing to underperformance are coached, and provide training where appropriate

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review system processes and work methods regularly as part of continuous 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. Develop business plan

1.1 Review and evaluate preexisting strategic, business and operational plan, if available

1.2 Analyse and interpret business vision, mission, values and objectives

1.3 Consult with key stakeholders

1.4 Review market requirements for the product or service, profile customer needs and research pricing options

1.5 Develop performance objectives and measures through consultation with key stakeholders

1.6 Identify financial, human and physical resource requirements for the business

1.7 Consider any permits or licences that may be required for new activity

1.8 Write business plan

2. Monitor performance

2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes

2.2 Ensure skilled labour is available to implement plan

2.3 Test performance measurement systems and refine, if necessary

2.4 Ensure timely reports on all key aspects of the business are available, userfriendly and balanced in terms of financial and nonfinancial performance

2.5 Report system failures, product failures and variances to the business plan as they occur

3. Respond to performance data

3.1 Analyse performance reports against planned objectives

3.2 Review performance indicators and refine if necessary

3.3 Ensure groups and individuals contributing to underperformance are coached, and provide training where appropriate

3.4 Review system processes and work methods regularly as part of continuous 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. Develop business plan

1.1 Review and evaluate preexisting strategic, business and operational plan, if available

1.2 Analyse and interpret business vision, mission, values and objectives

1.3 Consult with key stakeholders

1.4 Review market requirements for the product or service, profile customer needs and research pricing options

1.5 Develop performance objectives and measures through consultation with key stakeholders

1.6 Identify financial, human and physical resource requirements for the business

1.7 Consider any permits or licences that may be required for new activity

1.8 Write business plan

2. Monitor performance

2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes

2.2 Ensure skilled labour is available to implement plan

2.3 Test performance measurement systems and refine, if necessary

2.4 Ensure timely reports on all key aspects of the business are available, userfriendly and balanced in terms of financial and nonfinancial performance

2.5 Report system failures, product failures and variances to the business plan as they occur

3. Respond to performance data

3.1 Analyse performance reports against planned objectives

3.2 Review performance indicators and refine if necessary

3.3 Ensure groups and individuals contributing to underperformance are coached, and provide training where appropriate

3.4 Review system processes and work methods regularly as part of continuous improvement