1 Assessment Task 2: Develop operational plan project To do this task, the student needs to have access to and use the following documents. • Strategic Plan • Operational Plan Template • Contingency...

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To start the assignment: 1st we need to go through Student Assessment Tasks V1 file.
We can also refer Task guideline files while doing it. There are templates to fill in, which are part of the assignment....in various section, there are task to fill in those templates and nothing else. I have not uploaded those templates yet.


1 Assessment Task 2: Develop operational plan project To do this task, the student needs to have access to and use the following documents. • Strategic Plan • Operational Plan Template • Contingency Plan Template All the above materials can be found and downloaded from the student portal-Moodle. Timing Your assessor will advise you of the due date of these submissions. Submit • Email with draft operational plan and contingency plan attached • Email with revised operational plan and contingency plan attached Carefully read the following scenario before starting the assessment. King Edward VII College has been operating for 5 years. The College is based in the Melbourne CBD and offers a range of courses in management, marketing, human resources and international business and currently has around 500 students enrolled across all of its courses. Courses are offered at all levels from Certificate II to Graduate Diploma. The College is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities. The College currently employs 24 staff members that include the CEO, a Marketing Manager and Marketing Assistant, Human Resources Manager, Operations and Finance Manager, Administration Manager, Office Assistant, Receptionist, Academic Manager, Student Services Officer and approximately 14 trainers. Due to its success, the College plans to establish two additional campuses, one in Brisbane and one in Sydney. The plan is for the Brisbane campus to commence operating in January 2020 and Sydney in April 2020. Ideally campuses will be located close to the CBD. A maximum rental budget of $500,000 per annum in Sydney and $400,000 in Brisbane has been allocated. The desired floor area for each campus is at least 500 square metres. With regard to staffing at each campus, the following should be noted. It is anticipated that initially each campus will require a receptionist and a student services officer. The receptionist and student services officer positions will be permanent, full-time staff. It is anticipated that maximum student numbers at the new campuses will be up to 60 students per campus in the first 12 months of operations. The College’s requirements for trainers is that there must be at least 1 trainer per 20 students. 2 Existing staff at the Melbourne campus will complete all other staff functions until such time as student numbers increase substantially. It is expected that this would occur after the first two years. The College will also need to purchase a range of office equipment, as well as furniture for at least 100 students, at each campus. Complete the following activities as if you are the Operations and Finance Manager of King Edward VII College. 3 1. Develop a draft Operational Plan. 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: 1) Renting of suitable commercial properties 2) Staffing requirements 3) Fitting out of the campus 4) Equipment requirements 5) Marketing requirements Student needs to work out at least a strategy for each issue mentioned-above. Therefore, you need to come up with a minimum of 5 strategies and other matching elements. The actions are the concrete steps that aim to make the strategies into practice. How many steps needed is dependent on the nature of the strategy and student only records the major steps in sequence. Following the steps can lead through to the realisation of the strategy. Please see below a sample response to the issue of renting of suitable commercial properties 2. Develop a draft Contingency Plan. As set out in the company’s organisational processes, you are also required to develop contingency plans to ensure that any risks to the success of goals of the operational plan are identified and contingencies are in place should things not go according to plan. 4 You must identify risks with the College’s establishment of the new campuses and plan for contingencies that are specific to the operational plan strategies and actions that you have developed. Use the Contingency Plan Template to guide your work. Student needs to identify at least one risk for each strategy implementation. Therefore, you need to locate at least 5 risks and ensued evaluation. Use the Risk Legend to assess the Risk Rate: Please see below a sample response of the risk plan: 3. Send an email to the senior Management Team (your assessor). The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style. 5 It should introduce and summarise the contents of the attachments and request a meeting to discuss and gain approval for the plans. Attach your draft operational plan and contingency plan to the email. 4. Consult on draft Plans. This part of the assessment requires you to meet with the senior management team and discuss the operational plan and contingency plan that you have developed. The team will be roleplayed by your assessor and two classmates acting as colleagues. Go through each part of your operational plan, explaining the activities to be completed, resource requirements, timelines and key performance indicators. Then outline King Edward VII College’s policies and procedures that directly relate to your operational plan. During the meeting, you will need to demonstrate effective communication skills including: • Speaking clearly and concisely using appropriate level of formality and vocabulary • Speaking to suit the audience • Using effective non-verbal communication skills to encourage audience interest • Responding to questions • Asking questions to seek feedback • Use of active listening techniques to confirm and clarify understanding. Review your contingency plan with the senior management team too. You will receive feedback from the team, which you must incorporate into your draft plans. Make notes on these suggested changes. 5. Update your operational plan and contingency plan. Update both of your draft plans to incorporate the suggestions you received at the meeting. Save these new documents as Revised Operational Plan and Revised Contingency Plan. 6. Send an email to the senior Management Team (your assessor). The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style. It should summarise what was discussed at the meeting, then introduce and summarise the contents of the attachments. 6 The email text should then request approval of the plans and permission to move forward with the project. Attach your Revised Operational Plan and Revised Contingency Plan to the email. BSBMGT517 MANAGE OPERATIONAL PLAN Assessment Task 3: Manage acquisition of resources To do this task, the student should have access to and read the following documents: • Equipment List • Recruitment and Selection Policy and Procedures • Purchasing Policy and Procedures Submit A TOTAL OF 8 WRITTEN PIECES • Email to the CEO x 2 • Email to the Human Resources Manager x 2 • Email to the Administration Team • Updated Operational Plan • Induction Program • Induction policy and Procedures. BSBMGT517 MANAGE OPERATIONAL PLAN 1. Implement strategies for recruiting staff-Human Resources Review the King Edward VII College Recruitment and Selection Policy and Procedures and implement the actions from your plan to ensure the required staff are recruited. This will include liaising with the human resources department as set out in the Recruitment and Selection Policy and Procedures to ensure that the required staff are recruited. This must include: • Requesting approval of the positions required for the expansion as per the scenario information for the staff required (activity 2 below). • Details of the required positions as per the Recruitment and Selection Policy and Procedures requirements (activity 3 below). 2. Send an email to the CEO (your assessor)-Written Submission. The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style. It should request approval for the positions, as set out in the Recruitment and Selection Policy and Procedures. 3. Send an email to the Human Resources Manager (your assessor)- Written Submission. The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style. It should request details of the new positions, as set out in the Recruitment and Selection Policy and Procedures. It also needs to address the issue of intellectual property rights and responsibilities in relation to the new employees. The new trainers will be asked to develop some of the training and assessment content for the new courses and the College wants to own all the IP of any training resources developed by these new trainers. Do some research into how this should be handled and explain to the HR Manager what you would like them to do. Develop and save the email text as a separate document before sending the email. 4. Develop and implement strategies for induction. When you were reading the Recruitment and Selection Policy and Procedures, you noticed there was a reference to an Induction Program and an Induction Policy and Procedures. You have not seen these before. You speak to the Human Resources BSBMGT517 MANAGE OPERATIONAL PLAN Manager and they admit there is very little in the way of induction and the documentation is informal at best. They have been meaning to develop better documents but have been overwhelmed with other duties. Develop a set of Induction Policy and Procedures(Written Submission) and an Induction Program (Written Submission) so that a quality induction system will be in place before the new staff start work at King Edward VII College. When developing your induction documents, consider the things that new employees would need to know as part of starting a new job and those that they would be required to know to ensure that King Edward VII College is meeting their legal obligations. You might
Answered 10 days AfterFeb 07, 2021BSBMGT517Training.Gov.Au

Answer To: 1 Assessment Task 2: Develop operational plan project To do this task, the student needs to have...

Tanmoy answered on Feb 08 2021
157 Votes
BSBMGT517 Manage operational plan
Assessment Task 1: Written questions
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
The purpose of a strategic plan is to provide suggestion to the management of a company for the achievement of organizational goals. It is through the implementation and execution of strategic plan the operational plans are formulated. It is these strategic plans which are made once in 3 to 5 years are employed to construct the project’s operational plans.
Operational plans are made to create various strategies which are used to manage and utilize the available resources efficiently. Operational plans are made every year for day to day operation of the business of the company.
2. Explain the difference between an operational plan modelled on the organisation as a whole and one that has been modelled t
o suit a specific organisational goal or department
The companies make plans for its entire organization as well as for a specific department in order to make profit in the future. Also the operational plan prepared for the marketing department of an organization differs from that of the finance department which is similar to the entire goals of the company for both the departments with an objective to earn more profits but the plan of action differs. In the finance department the staffs are instructed to efficiently use the available resources whereas in the marketing department the staffs are trained on the techniques of acquiring more sales, increase the sales returns and number of customers.
3. Describe two typical methods for developing an Operational Plan
Firstly, the strategies must be formulated for an operational plan and secondly such strategies must focus on the organizational objectives. The ultimate objective of the operational plan is to allocate the human resources efficiently to various and specific tasks so that the company earns maximised profits. Finally, it involves effective distribution of the financial resources so that the operation plans are successful and profit is maximised.    
4. Explain the purpose of a budget
The purpose of budget is to plan, organise, track and enhance the financial conditions by controlling the spending to saving the same on a consistent basis. Then it involves investing a part of the saved income for generating returns in the future. It therefore helps to stay the person on the route in quest of long term financial profits.
5. Explain typical budgeting processes
The budgeting process of an organization includes: communicating with the executive management; implementation of goals and targets; developing a detailed budget; compilation and revision of the budget model; setting a budget committee review and finally approval of the budget.
6. Explain the purpose of key performance indicators
The purpose of the key performance indictors is to set benchmark which must be achieved by the various departments of the companies as per the operational plans. The companies practices to set the KPIs as targets which needs to be achieved. Once the set target is reached or over exceeds, the strategy is considered to be a success.
7. List four different approaches to developing key performance indicators
The four different approached of developing the KPIs are as follows:
A. To reach the set target the input indicators measures the resources available.
B. To implement a process or a program, the process indicator is used in order to utilize the goods and services.
C. Through output indicator the quantities of production or the number of outcomes as per the set standards are achieved.
D. An outcome indicator sets and represents the quality of products as per the set standards.
8. Describe the concept of a balanced scorecard as an alternative approach to measuring business performance through key performance indicators
A balance scorecard is used to identify the diverse business internal tasks as well as the resulting outcomes. It is used as a strategic management performance tool to measure; provide feedback to the companies through the KPI’s.
9. Explain the concept of benchmarking as a way of assessing business performance
Benchmarking is a process through which it is measured that the best performance is achieved by the industry in which the company operates or as against its competitors. It includes measuring the performance of the company against the competitors in the similar industry by setting various types of KPIs. It also helps in analysis of the various opportunities available for the improvement and obtaining the set target of the competitors.
10. Provide a definition of a PCBU and outline their key responsibilities
The word PCBU stands for Person conducting a business or undertaking. This person is normally an employer who provides care and ensures that health and safety is provided to the staffs as well as every people in the organization. The PCBU is responsible for the following:
A. The work done will be carried out without any risk for the health and safety of the workers.
B. There must be constant monitoring of the health of the employees and the workplace condition must be congenial.
C. There must be proper and appropriate facilities as per the set standards for the development of workforce.
D. Ensuring that the plants and equipments are up to quality and all information essential for the employees are shared with them.
11. Outline the aim and scope of the Fair Work Act 2009
The Fair Work Act of 2009 is the act which provides and governs the employment of mature and aged workers. It actually acts as a guideline and provides the terms and conditions as well as sets the rights and responsibilities of the various people attached with the company like the employer, employee with respect to employment. It includes flexible working facilities, awards and rewards as well as appreciation, provisions with respect to termination process and generals guidelines related to employee protection.
12. Explain the purpose of a SWOT analysis and how it can be used for operational planning
The ultimate purpose of SWOT analysis is to study the internal as well as the external factors that are impacting the company by recognising and evaluation of the strength and weaknesses of the company as well as the opportunities and the threats to which the organization is exposed to.
SWOT analysis provides an overall view of the organization’s present and future impacts and hence is used for operational planning purpose. Thus, it helps in capitalizing the strengths, acknowledgement of the weaknesses; analysis of the opportunities and identification of the threats.
13. Explain the purpose of the PEST model and how it can be used for operational planning
The purpose of PEST model is to analyse the political, economic, social and technological factors which impacts and influences the external factors of a business organization. These factors help to influence the business operations which enable them to become more competitive and stronger than its competitors. Therefore, PEST model can be used for operational planning by recognising and evaluating the external factors that can impact the business and its profitability. It helps in analysis of the external or macro economic factors which impacts the large organizations.
Assessment Task 2: Develop operational plan project
1. Develop a draft Operational Plan
    Operational Plan
    Strategies
    Actions
    Details of resources required to achieve actions
    Timelines
    Who
    KPIs and the process of checking
    Two locations for Brisbane and Sydney Campus will be identified with a budget of $400000 & $500000 respectively
    · It can be searched from various commercial property websites
· Contacted through agents and premises visits
· Real estate dealers with CEO and management
    Real estate agent
https://www.realestate.com.au/buy
    31st March 2021
    Finance and operational managers
    Weekly meeting with the Senior to update on the progress
    Offices to be searched for these two campuses
    Office for CEO and office manager
    www.requirementsnetwork.com
    10th April, 2021
    Office Managers
    Office manager will be responsible for conducting all meeting, generating reports and updating of the progress
    Planning for marketing for the two campuses
    Recognise the sources of marketing
    www.waples.com.au
    15th April, 2021
    CEO
    CEO will plan for the marketing objectives and discuss the same with the management
    Staffing needs for the two campuses
    · CEO will provide the type of staffs needed for conducting work
· Advertise the vacant post in internet and newspaper
· Checking of resumes through internet
· The shortlisted candidates will be appearing and interviewed by the management
    www.indeed.com
www.naukri.com
www.linkedin.com
    1st May, 2021
    CEO and senior management
    The HRs will be conducting the hiring process and present the report to the CEO and the management
    Recognise the need of fitting necessary to start the two campuses
    Identification can be through yellow pages and internet
    www.spaceworks.net.au
    15th May, 2021
    CEO
    It’s the Office Manager who will be responsible for the fittings and will present a report of the progress to the...
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