BSBMGT517: Purpose of a Strategic Plan and an Operational Plan - Manage Operational Plan Assessment Answer

BSBMGT517 Management Assessment Task

1. Explain the purpose of a Strategic Plan and an Operational Plan, and the role of an Operational Plan in achieving the organisation’s objectives.

2. Outline the information that is usually included in an Operational Plan.

3. Explain a typical process for developing an Operational Plan.

4. Explain the purpose of a budget.

5. Explain a typical budgeting process.

6. Explain the purpose of key performance indicators.

7. Discuss four approaches to developing key performance indicators.

8. Discuss the concept of a balanced scorecard as an alternative approach to measuring business performance through key performance indicators.

9. Explain the concept of benchmarking as a way of assessing business performance.

10. Provide a definition of a PCBU and outline their key responsibilities.

11. Outline the aim and scope of the Fair Work Act 2009.

1. Develop a draft Operational Plan BSBMGT517
Review the scenario information and the Strategic Plan to identify all the actions that will need to be completed to achieve the College’s objectives and be documented in an Operational Plan.
Use the Operational Plan Template to guide your work. As a minimum, your Operational Plan must address:

• Renting of suitable commercial properties
• Staffing requirements
• Fitting out of the campus
• Equipment requirements
• Marketing requirements

Research and analyse each of the above resource requirements associated with the identification and establishment of the two new campuses. This must include:

•  Sources of information for commercial properties
•  Staffing requirements and recruitment options
•  Fitting out requirements
•  Equipment requirements
•  Potential suppliers
•  Marketing requirements.

Where you identify sources of information with regard to procuring resources, make sure that you make notes on these for inclusion in your Operational Plan.
Ensure that all of the resources are clearly documented in your Operational Plan, including information sources relating to resources specified. You need to include timelines and key performance indicators for all required actions, including how often these will be measured in order to assess progress.

2. Develop a draft Risk Management Plan. BSBMGT517
As set out in the company’s organisational processes, you are also required to develop a risk management plan to ensure that plans are in place to address operational contingencies. You must identify at least three potential risks associated with the College’s establishment of the new campuses, as well as identify associated risk management strategies/contingencies. Use the Risk Management Plan Template to guide your work.

This BSBMGT517 Management Assessment has been solved by our Management experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.