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MSS50118 Diploma of Sustainable Operations Distance Learning Activity 1: MSS014008 Improve sustainability through readily implementable change Distance Learning Activity 1: MSS014008 Improve sustainability through readily implementable change Copyright 2022 Australian College of Business Intelligence All rights reserved Version: 22.0 Date Modified: May 2022 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Australian College of Business Intelligence. Disclaimer: The Australian College of Business Intelligence does not invite reliance upon, nor accept responsibility for, the information it provides. The Australian College of Business Intelligence makes every effort to provide a high-quality service. However, neither the Australian College of Business Intelligence, nor the providers of data, gives any guarantees, undertakings or warranties concerning the accuracy, completeness or up-to-date nature of the information provided. Users should confirm information from another source if it is of sufficient importance for them to do so. 1. Instructions to Learners Purpose of this Distance Learning Activity This Distance Learning Activity will develop your knowledge and understanding of examining required sustainability outcomes. What you are required to do For this Distance Learning Activity, you are required to read the resources provided below, then answer the following questions. Resources To complete this Distance Learning Activity, please refer to the resources below: · MSS014008 Improve sustainability through readily implementable change learner guide – provided on Moodle How to submit your Distance Learning Activity Always submit your Distance Learning Activity on time by the due date. Your completed Distance Learning Activity must be uploaded onto Moodle by 11.55pm on Sunday of week 7. File naming convention When submitting your Distance Learning Activity, use the following naming convention: · Unit of Competency code (ie. MSS014008) · ‘DLA’ followed by the week number · Your first name and initial of last name. Capitalise only the first letter of names. Then insert a dash, followed by submission attempt. Hence as an example of incorporating the three points above your file name or subject line should appear this way: MSS014008 DLA 7 – JessieA #1 2. Questions Answer the questions below using the space provided: · Answer all parts of each question · Use your own words and give examples wherever possible · The quality of your answer is more important than how long it is · Enter your answers in this document You may use various sources of information to inform your answers, including your resources provided by ACBI, books, and online sources. You must acknowledge and cite your sources. Question 1. What are 5 examples of stakeholders that could be included in the planning, implementation and monitoring of a sustainability project? Answer in 200-300 words. Write your answer here Question 2. Determine/ calculate the Cost Benefit Ratio for the 2 projects below. Then describe which is more feasible. Answer in 200-300 words Project 1 Project 2 Total cost = $8,000 Total cost = $11,000 Earning Total benefits = $12,000 Earning Total benefits = $20,000 CBR = Write your answer here CBR = Write your answer here Which project is more feasible and why Write your answer here Question 3. Describe at least 3 ways stakeholders can be effectively communicated with if they are unable to meet face-to-face. Answer in 40-80 words. Write your answer here Question 4. Describe some of the core elements of an environmental sustainability audit. Answer in 200-300 words Write your answer here Question 5. Describe two or more examples of standards, guidelines and approaches relating to environmental resource efficiency. Answer in 200-300 words Write your answer here Distance Learning Activity 1: MSS014008 Version: v22.0 Page 2 of 6 Developed by: ACBI Approved by: DoS Issued: May 2022 Review: May2023 MSS50118 Diploma of Sustainable Operations Learner Guide: MSS014008 Improve sustainability through readily implementable change MSS50118 Diploma of Sustainable Operations Learner Guide: MSS014008 Improve sustainability through readily implementable change Learner Guide: MSS014008 Improve sustainability through readily implementable change Copyright 2022 © Australian College of Business Intelligence All rights reserved Version: 22.1 Date Modified: May 2022 No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Australian College of Business Intelligence. Disclaimer: The Australian College of Business Intelligence does not invite reliance upon, nor accept responsibility for, the information it provides. The Australian College of Business Intelligence makes every effort to provide a high-quality service. However, neither the Australian College of Business Intelligence, nor the providers of data, gives any guarantees, undertakings or warranties concerning the accuracy, completeness or up-to-date nature of the information provided. Users should confirm information from another source if it is of sufficient importance for them to do so. Contents Introduction3 1. Examine sustainability outcomes required5 1A. Identify drivers and motivators of sustainability change5 1B. Defining the sustainability problem or need15 1C. Consult with Stakeholders to agree acceptable outcomes related to proposed changes for sustainability practices26 2. Examine operations for readily implementable changes to improve sustainability30 2A. Read and interpret current operational and maintenance standard procedures30 2B. Identify potential sustainability issues an shortlist them to determine success factors in eliminating Muda34 3. Implement changes to production or operation procedures to improve sustainability55 3A. Develop implementation plan and schedule to deliver required outcomes55 3B. Negotiate required resources timelines, measures and indicators of success with change stakeholders62 3C. Acquire and deploy resources required to achieve agreed outcomes69 3D.Monitor the implementation of the changes, make required adjustments and communicate and renegotiate with stakeholders72 4. Review Changes to production or operation procedures to improve sustainability78 4A. Measure immediate impact of change78 4B. Identify non-compliances with planned improvements90 Thinking about what you just did94 Introduction This unit describes the skills and knowledge required to identify and implement changes to production or operation procedures to improve sustainability in an organisation or related value chain organisations. It applies to readily implementable changes and measuring the immediate impact of the changes on equipment or area of operation. The unit covers the identification and implementation of changes to operational procedures to improve sustainability. These changes can often be attempted without substantial prior analysis or planning. 1. Examine sustainability outcomes required 1A. Identify drivers and motivators of sustainability change (Source: https://www.sustain.ucla.edu/what-is-sustainability/) What is Sustainability? Sustainability is the balance between the environment, equity, and economy. The most often quoted definition comes from the UN World Commission on Environment and Development: “sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” Sustainable practices support ecological, human, and economic health and vitality. Sustainability presumes that resources will not last forever, for example: the coal and iron ore in Australia outback will eventually run out, and should be used conservatively and wisely with a view to long-term priorities and consequences of the ways in which resources are used. In simplest terms, sustainability is about our children and our grandchildren, and the world we will leave them. Watch this short Video on Sustainability for a visual understanding: https://youtu.be/zx04Kl8y4dE https://youtu.be/zx04Kl8y4dE The Importance of Sustainability Although 90% of executives think sustainability is important, only 60% of companies have a sustainability strategy. Often, companies that speak of being sustainable are lacking when it comes to implementation. One of the reasons I believe this is happening is because CEOs and corporate boards are not as engaged as they should be with sustainability strategies. Starting a business to make the world more sustainable can not only highlight someone as a hero, but it also can provide a lot of wealth, as Elon Musk proved by becoming the world's richest person. The world is faced with the overexploitation of resources. According to McKinsey, having a sustainability strategy allows a company to make long-term investments. When it comes to sustainability, a do-nothing approach can mean a bigger loss in the future. Many corporate leaders are becoming aware of the need to reuse and recycle and are moving toward the circular economy. It is a huge area for growth as well with the renewable energy market expected to be $2.15 trillion by 2025. Drivers (Source: https://www.sustain.ucla.edu/what-is-sustainability/) From start-up to IPO and beyond, all companies need a winning formula that can help them optimize their resources and navigate periods of volatility. See below four key drivers that are vital to business success. Amid the current economic difficulties, enterprises must nurture those critical business operations that support sustained growth and, ultimately, deliver financial results. Of these, four areas deserve particular attention Finance – Control Costs and Reinforce Efficiency It is not hard to see why finance plays such an essential role in a company – money matters. Establishing comprehensive financial processes is pivotal to a firm’s development. Robust budgetary mechanisms help an enterprise to function efficiently, as they help regulate costs and underpin efficiency. In turn, this should boost profit margins and encourage the pursuit of new revenue sources. Effective processes emerge from strategic financial planning. The focus here should be on growth, forecasting sales levels over the medium to long term, anticipating the staffing levels required to strengthen operating momentum, and identify any cost-related factors – either savings or additional expenses. Governance – Create Trust and Promote Positive Financial Outcomes Governance refers to the means by which a company ensures its operations meet all the compliance requirements under corporate laws and other relevant regulations. Building an potent governance model is pivotal to expansion because it creates trust and connects various stakeholders, such as management and shareholders, in a shared purpose – business success. Good governance can secure a firm's capital flow at a financial level by reassuring investors that all reporting is transparent and honest. In the long run, this can make capital easier and cheaper to access. It also underscores a company's reputation for good business practice and enhances its brand value. People – Retain Employees and Develop High-Quality Teams Behind the services, a company offers to the market are the people who do the hard work to ensure the product is delivered on time and to the required standard. The evolving operating environment spotlights the need to leverage various corporate solutions so employees can focus on the tasks that add value. This