- AHCBUS507A - Monitor and review business performance
Monitor and review business performance
This unit applies to those whose job role covers the functions associated with monitoring and reviewing the business performance of a rural enterprise.
Elements and Performance Criteria
1. Evaluate commercial performance
1.1. Data relating to enterprise performance is gathered and analysed to identify historical and current performance.
1.2. Operational structures are reviewed and analysed to determine the suitability of organisational processes to enterprise objectives.
1.3. Enterprise strengths and weaknesses are evaluated against market conditions to determine current and future capacities.
1.4. Enterprise objectives are evaluated to identify variations and scope for future development.
2. Allocate and co-ordinate business resources
2.1. Roles and responsibilities of personnel are identified and communicated.
2.2. Resource requirements for enterprise are identified and costed using standard financial analysis techniques.
2.3. Costs of ensuring sustainability of enterprise operations are calculated and factored into business planning for the enterprise.
3. Identify performance requirements
3.1. Performance indicators are developed and are realistic within available timeframes and resources.
3.2. Factors inhibiting performance against objectives are identified and minimised.
3.3. Market conditions are monitored and assessed based on relevant data and assumptions that are transferable and justifiable.
3.4. Strategies and programs to promote the sustainability of operations are prepared and incorporated into enterprise procedures.
4. Review business performance
4.1. Enterprise operations are regularly reviewed to identify opportunities for improvements in performance.
4.2. Impact of natural conditions on enterprise are monitored and anticipated to assess sustainability of resource use.
4.3. Costs and estimates are compared with resource allocation.
4.4. Operational plans are reviewed to determine schedule of activities.
analyse market requirements
match the enterprise to resources
set enterprise objectives and make financial and economic determinations
monitor and manage resources (human, physical, environmental)
evaluate land capability and natural resources(where applicable to the enterprise)
research, analyse and evaluate enterprise information and requirements
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 skills/language 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.
rates of return for products and/or services
financial analysis techniques
structure and operation of small businesses relevant State/Territory Occupational Health and Safety (OHS)
environmental conditions, positive environmental practices and negative impact minimisation measures
human resource requirements for the enterprise
transport requirements for the enterprise
enterprise/property improvement requirements.
market performance in commodities
statutory marketing requirements
regulations related to exports of Australian agricultural products
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
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:
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.
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.
The range statement relates to the unit of competency as a whole.
Data that may be gathered for analysis may include::
market share figures
trends in consumer purchases
The operational structures that may be included for review and analysis include:
financial accounting procedures
Factors in market conditions that may be considered include:
product and service demand
availability of funds
cost of financing
availability of substitutes
Standard financial analysis techniques may include:
cost benefit analysis
'what if?' analyses
time series and trend
expenditure and revenue ratios
cash flow schedules.
The indicators of business performance may include:
erosion replacement and reversal
variable cost ratios
This unit contains employability skills.