BSBOPS601 Project Portfolio Khatantumur Zuunnast 02-29

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Project Portfolio BSBOPS601-Develop and Implement Business Plans PROJECT PORTFOLIO STUDENT VERSION DEVELOP AND IMPLEMENT BUSINESS PLANS BSBOPS601

Contents Section 1: Planning to develop a Business Plan 6 Section 2: Developing a Business Plan 10 Section 3: Implementing and monitoring a Business Plan 14

Student name: Assessor: Date: Business this assessment is based on: Ozhouse Clean Role assumed to complete this assessment: BSBOPS601 3 Develop and implement Business Plans

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Se cti on 1: Pl an ni ng to de ve lo p a B us in es s Pl an Provide an overview of your business What is the name of the business? What are the main products, services, or programs of the business? BSBOPS601 4 Develop and implement Business Plans

Describe the legislative and regulatory requirements relevant to developing your Business Plan (include at least one) What is the legislation/regulatory requirements called? How are the legislation/regulatory requirements relevant to your business and Business Plan? How are the legislation/regulatory requirements relevant to you as you perform your role? Describe the organisational requirements relevant to developing your Business Plan What is the business’ vision? What is the business’ mission? What are the business’ values? What are the objectives and goals of the business? What are the financial targets of your business? What are the management arrangements/organisational structure of your business (use a diagram and/or words to answer)? What is your business’ current marketing strategies? Describe the pricing structure of your business. What are the requirements outlined in any pre-existing strategic, business, and/or operational plans? Are there any other organisational requirements (such as a template etc.) that you need to consider when developing your Business Plan? Attach proof of the existing plans/organisational requirements to this section of your portfolio. BSBOPS601 5 Develop and implement Business Plans

Research the market requirements for your business’ products/services/programs (include mathematical information in your research) What does the market want? What is an acceptable price point? What are the quality expectations? Are there opportunities for different quality/price point options? What are other market requirements? Attach proof of your research/information sources to this section of your portfolio (e.g., websites, surveys etc.). Research information relevant to the competitors of your business and Business Plan (include at least one competitor and include mathematical information in your research) Who are your competitors? What are your competitors’ business models/approaches? What is your competitors’ market position and brand awareness? What are the geographic locations of your competitors? What is the pricing of your competitor? What is your competitors’ sales channels? Attach proof of your research/information sources to this section of your portfolio. BSBOPS601 6 Develop and implement Business Plans

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Research other industry-related information What are industry trends? What are marketing trends? Attach proof of your research/information sources to this section of your portfolio (e.g., websites, surveys etc.). Analyse your business and its objectives (consider the research you’ve done on the vision, mission, values, objectives, goals, competitors, financial targets, management arrangements and marketing approaches) What are the strengths of your business? What are the weaknesses of your business? Are there any opportunities for improvement? What are the existing or future threats to your business? Note: You may use any method of analysis suitable to the information you researched in addition to the questions above. Propose performance and productivity targets What are your proposed:  key aspects of business to focus on in the Business Plan (at least three)?  productivity and performance targets (including at least one financial indicator such as revenue) related to the key aspects? BSBOPS601 7 Develop and implement Business Plans

Attach: Existing plans/organisational requirements ☐ Proof of competitor, market, and industry research ☐ BSBOPS601 8 Develop and implement Business Plans

Se cti on 2: De ve lo pi ng a Bu si ne ss Pl an Complete the next section before meeting with relevant stakeholders. Plan to meet with relevant stakeholders (at least two) Who will you meet with? How will you demonstrate your ability to:  lead others  facilitate group interaction  influence the direction of the outcomes  present information/seek advice? Schedule meeting Insert a screen shot showing the meeting in your calendar. Insert a screen shot showing that the meeting invites has been sent to meeting participants. BSBOPS601 9 Develop and implement Business Plans

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Complete the next section after you’ve met with relevant stakeholders. Note: If your meeting was not viewed in person by your assessor, attach proof of the meeting to this section of the portfolio. Performance and productivity targets. Summarise the agreed performance objectives and measures for your Business Plan. What are the agreed key result areas (at least three)? What are the agreed productivity and performance targets (include at least one financial indicator such as revenue)? Business Plan. Business Plan for: [Name of Business] Duration of Plan 20XX – 20XX Business Description Describe the business and the environment it operates in. What are the current products, services and/or programs offered by the business? What are the strengths, weaknesses, opportunities and threats for your business? Products, services and/or initiatives Which key aspects of the business does this Business Plan focus on? Describe the desired products, services and/or initiatives that will support the key aspects. Productivity and performance objectives and measures BSBOPS601 10 Develop and implement Business Plans

What are the performance and productivity targets (including financial indicators) to address the key aspects? How will the targets be monitored and measured (i.e., what is the performance measurement system for the target)? Product/Service/Initiative Target Measurement system Resource requirements What financial resources are required for the Business Plan to be implemented? What physical resources are required for the Business Plan to be implemented? Which human resources are required for the Business Plan to be implemented (including at least one skilled labour requirement)? Regulatory requirements What are the regulatory requirements for the Business Plan and its related operations? BSBOPS601 11 Develop and implement Business Plans

Marketing strategy What marketing strategy will you follow to achieve your Business Plan? Implement the Business Plan. Communicate the Business Plan Insert a screen shot of your draft email to relevant stakeholders. Confirm that skilled labour is available to implement the plan How have you confirmed that skilled labour is available? Attach proof of your confirmation (e.g., highlighted work schedule and staff list). Attach: Meeting (if not viewed in person by your assessor) ☐ Business Plan (if different template was used) ☐ BSBOPS601 12 Develop and implement Business Plans

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Se cti on 3: Im pl e m en tin g an d m on ito rin g a Bu si ne ss Pl an Assume that your business premises and/or staff have been exposed to COVID-19 and you have been required to shut down and isolate for two weeks. Report system failures and variances promptly. Repo rt the varia nce to all BSBOPS601 13 Develop and implement Business Plans

relev ant peopl e prom ptly Insert a scree n shot of how you report ed the varia nce to all relev ant peopl e (or attac h as proof to this sectio n of your portfo lio). Assume a period has passed and your Business Plan has been implemented. Your assessor will have provided you with simulated information to monitor, review and evaluate your Business Plan. Report on key aspects of the business. Report on key aspects of business for [Business Name] [Date] Summary of business performance What are the business results? BSBOPS601 14 Develop and implement Business Plans

BSBOPS601 15 Develop and implement Business Plans

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Evaluat ion of results How have key aspects perform ed against the perform ance and producti vity objectiv es? Perfor mance indicat ors Are the financial indicato rs realistic and achieva ble? Are other perform ance indicato rs realistic and achieva ble? What change s do you suggest (at least one)? Legisla BSBOPS601 16 Develop and implement Business Plans

tive compli ance How have legislati ve and regulato ry require ment been adhered to? Underp erforma nce Are any staff member s underpe rforming ? Which areas do they need to improve in? Strengt hs and weakne sses of the Busine ss Plan Identify any strength s and weakne sses of your Busines s Plan. Variatio BSBOPS601 17 Develop and implement Business Plans

ns Summa rise any variatio ns required to the Busines s Plan (at least one). Review Proces ses Establis h ongoing review process es for the Busines s Plans. Updated Business Plan to address variances and refine performance indicators. Business Plan for: [Name of Business] Duration of Plan: 20XX – 20XX Business Description: Describe the business and the environment it operates in. What are the current products, services and/or programs offered by the business? What are the strengths, weaknesses, opportunities, and threats for your business? BSBOPS601 18 Develop and implement Business Plans

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Products, services and/or initiatives Which key aspects of the business does this Business Plan focus on? Describe the desired products, services and/or initiatives that will support the key aspects. Productivity and performance objectives and measures What are the performance and productivity targets (including financial indicators) to address the key aspects? How will the targets be monitored and measured (i.e., what is the performance measurement system for the target)? Product/Service/Initiative Target Measurement system Resource requirements What financial resources are required for the Business Plan to be implemented? What physical resources are required for the Business Plan to be implemented? Which human resources are required for the Business Plan to be implemented (including at least one skilled labour requirement)? BSBOPS601 19 Develop and implement Business Plans

Regulatory requirements What are the regulatory requirements for the Business Plan and its related operations? Marketing strategy What marketing strategy will you follow to achieve your Business Plan? Share report and Business Plan. Draft an email to share your report Insert a screen shot of your draft email to communicate the Updated Business Plan and share your report. Test performance measurement systems. Complete the check for ONE performance measurement system. Checklist for [Performance measurement system] Yes No Is the system accurate and fair? Does the system assist in measuring performance? Is the system comprehensive? Does the system adhere to legislative requirements? Does the system disadvantage staff? BSBOPS601 20 Develop and implement Business Plans

Refinement Make any changes to the system (if required). Address underperformance. Coach underperforming staff Unless already viewed in person by your assessor, attach proof of a coaching session to this section of your Portfolio. Attach: Proof of reporting variances/failures (if screenshots have not been inserted) ☐ Report on key aspects of Business (if your business has its own template) ☐ Coaching session (if not viewed in person by the assessor) ☐ BSBOPS601 21 Develop and implement Business Plans

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BSBOPS601 Project Portfolio Khatantumur Zuunnast 02-29

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