Task 1 – Operational Plan Development This assessment task requires development of an operation plan for a business you have access to or for a simulated business. How to prepare the operational plan?...

BSBMGT517 Task 1.pdf


Task 1 – Operational Plan Development This assessment task requires development of an operation plan for a business you have access to or for a simulated business. How to prepare the operational plan? The operational plan details how the organization will accomplish the goals, objectives and strategies outlined in the strategic plan. It includes the actions to be undertaken in line with them strategic plan objectives, who are responsible for carrying out these actions, and the time frames, costs and key performance indicators associated with these actions. The operational plan should apply to the life of the strategic plan, but should be reviewed on a regular basis to ensure sufficient progress is being made towards achieving the objectives and so priorities can be revised as necessary. The operational plan must include each of the elements stated below: · Business introduction and operation, service or project · Executive Summary (overview of the operational plan) · Business strategies/ objectives · Actions (key actions or component that you need to address with your operational plan so you will succeed with your planning. Think about resources planning, HR planning, quality, safety… 1. Plan physical resources effectively and efficiently. --> obj: increase production capacity by 50% end 2021 · Operational plan objectives (SMART) from you action above define objectives that are related to each action, you need to specify quantity and when you want the objective to be accomplished 1. Action: Plan physical resources effectively and efficiently. --> obj: increase production capacity by 50% end 2021 KPI are your objective represented proportionally into small time frames: 50%/10 months = increase production 5% per month · Consultation strategies, Prioritizing actions Stakeholders (who) Role in the consultation Priority level, engagement level Consultation method Employees Suggestions for improvement Low /high? · Process planning (steps of your operation) check power point, provide sequence of your operation steps/tasks · Production planning (number of services or units a day. Please provide formula and calculations) Average sales forecast per month= $ 25,200.00 Price per unit= $ 15.00 Number of output per month= $ forecast per month/ $ Price per unit= Decide on number of working days per month: 24 days, 30? The amount of output to be produced per day is: number of outputs per month/ number of working days= units/ services per day · Physical Resources needed Raw material needed for your operation of service Quantity per unit Total quantity based on production * calculated above Safety quantity Total quantity Cost per unit/kg/ Total cost Total cost Raw material ( add all costs) · Equipment and machinery List of equipment needed Equipment needed and machine Quantity need per unit Total quantity equipment needed based on daily production Extra equipment/ machinery Total quantity Cost unit Total cost Total cost equipment + machinery Calculation of the quantity Planned Rate of Production per day Total machinery needed= x Machine Productive Time per day Operation hours – (Setting up time + Down Time) Standard Production Time / Unit Recommendation and specifications to make physical resources more effective and efficient · Human Resources needed Worker Standard Production Time/ unit Planned Rate of Production per day Total labor needed= x Worker Productive Time per day Working hours per day – rest time or workers idling time Staff position No. of Staff Required Number of hours / month Salary/Month Total Total cost HR Provide some strategies about recruiting, inducting and developing personnel, acquiring physical resources and services to make them more effective and efficient · Licenses/ registrations needed · protecting intellectual property · Financial Resources (budget) needed Operating Expenses Monthly Yearly Raw material cost Equipment cost Labor Payrolls HR Intellectual property Licenses/ registrations/ Rent Utilities Insurance Other expenses Marketing Total Operating Expenses Forecast Total Sales Cost of goods to sold (Raw material cost) Gross profit (total sales- cost of goods to sold) Expenses (do not add again Raw material) Total profit /loss · Action Plan Key of success Objective Resources Procedures / Actions Responsible Timeframe Budget KPI What needs to be done Why we need to do it What needs to be done, previous How we will do it Who will do it When How much money is needed Measure of control KPI · Monitoring process and measurement Monitored item Responsible Frequency Referencing documents/ Resources · Risk Management (required table) Identified risk description Priority Mitigation strategy, prevention Contingency strategy Responsible Timeframe · Communication Plan (use table or paragraph description) Stakeholder/ audience Key interest and issues Method of communication Frequency · Review/ evaluation process · Approvals needed · Appendix (if any) pg. 2