BSBMGT517 Manage Operational Plan

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Manage Operational Assessment Task 4: Monitor and Review Operational Performance

 

Submission Detailed of Assessment

 

The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor.

 

Save your completed work with the following naming procedure:

 

Name_studentID_UnitCode_TaskNumber (e.g. JohnSmith_123456_BSBSUS501_T1)

 

Submit your assessment to WSC Moodle.

 

Purpose of the Assessment

 

This task provides you with the opportunity to demonstrate that you have the skills and knowledge to monitor and review operational performance.

 

Manage Operational Assessment Description

 

This assessment task requires you to monitor and review the operational performance for King Edward VII College and provide a report to the CEO.

 

Instructions

 

Carefully read the following information:

 

Assume that both new campuses are now in operation, and Performance Information is now available for review.

 

You have been asked to provide a report on the new campuses’ performance to date.

 

The operational performance report should include a review of the costs associated with electricity, office supplies, and water, as a means of assessing the company’s use of resources.

 

Complete the following activities:

 

  1. Write an operational performance report.

 

Analyse the Performance Information (Appendix 1 of this Assessment Task) relating to the new campuses.

 

Based on your analysis of the Performance Information, develop a short report to the CEO that includes the following:

 

A financial performance analysis that Calculates the net profit or loss for each campus Compares the performance of each campus Outlines financial performance based on the profit and loss figures

 

Calculations of variances between actuals and budgeted expenses, noting that variances of up to and including 10% are acceptable, and do not need to be reported on.

 

Suggested variances to the Operational Plan.

 

Use the Operational Performance Report Template to guide your work (Appendix 2 of this Assessment Task).

 

  1. Develop a procedure that could be used to assess progress in achieving profit and productivity plans and targets.
  2. Draft an internal memo to all staff.

 

Based on your review of the expenditure on energy usage as documented in the Operational Performance Report, develop and send a memo to all staff with regard to effective and economical use of resources.

 

The purpose of the memo is to coach staff in using resources wisely, so you should include at least 10 simple actions that all staff can follow to conserve energy.

 

You may use the following publication to identify suitable ideas.

 

http://yourenergysavings.gov.au/guides/work-what-can-we-do

 

  1. Develop a policy to ensure that mentoring and coaching are provided to support individuals and teams to effectively, economically and safely use resources.

 

  1. Take a screen shot of your folder and files.

 

The final part of this assessment requires you to demonstrate that you can file all of your records in a logical structure.

 

Ensure that you have an overall folder for your work, as well as sub folders if necessary.

 

All of the documents you have submitted for this assessment should be correctly named and filed. The screen shot should show all the folders and documents.

 

  1. Develop a system to ensure that procedures and records associated with documenting performance are managed in accordance with organisational requirements. Write a brief outline and explanation of the system you have devised.

 

What your assessor will be looking for as evidence:

 

Evidence checklist:

 

Evidence MUST be submitted Tick off Items When Submitted
·         Operational performance report  
·         Procedure to assess progress  
·         Internal memo  
·         Policy about mentoring and coaching  
·         Screen shot of filing system  
·         Outline of system for management of performance related documents and procedures  

 

Your assessor will be looking for:

 

  • Reading skills to identify and interpret information from organisational documentation
  • Writing skills to address context, purpose and audience when creating documents and communications
  • Numeracy skills to recognise and interpret numerical information related to timeframes and budgets
  • Get the work done skills to take responsibility for developing and implementing systems and processes to achieve organisational objectives

 

Appendix 1 Performance Information

 

King Edward VII College

 

Profit and Loss six months to Dec 2020 Sydney

 

Income Budget Actual
Sales $450,000 $475,000
Expenses    
Electricity and gas $1,500 $3,000
Internet $1,000 $1,100
Office supplies $700 $1,200
Rent $225,000 $220,000
Stationary $800 $1,300
Wages and salaries $115,000 $117,000
Superannuation $15,000 $16,000
Travel and accommodation $2,500 $2,700
Water $2,000 $2,600
Work cover insurance $900 $900
Total expense    
Net Profit    

 

 

Profit and Loss six months to Dec 2020 Brisbane

 

Income Budget Actuals
Sales $350,000 $410,000
Expenses    
Electricity and gas $1,200 $2,800
Internet $1,100 $1,100
Office supplies $650 $1,300
Rent $185,000 $190,000
Stationary $700 $1,250
Wages and salaries $115,000 $117,000
Superannuation $15,000 $16,000
Travel and accommodation $2,100 $2,300
Water $1,900 $2,100
Work cover insurance $870 $870
Total expense    
Net Profit    

 

Appendix 2 Operational Performance Report Template

 

King Edward VII College

 

Profit and Loss six months to Dec 2020 Sydney

 

Income Budget Actual Variance
Sales      
Expenses      
Electricity and gas      
Internet      
Office supplies      
Rent      
Stationary      
Wages and salaries      
Superannuation      
Travel and accommodation      
Water      
Work cover insurance      
Total expense      
Net Profit      

 

Profit and Loss six months to Dec 2020 Brisbane

 

Income Budget Actuals Variance
Sales      
Expenses      
Electricity and gas      
Internet      
Office supplies      
Rent      
Stationary      
Wages and salaries      
Superannuation      
Travel and accommodation      
Water      
Work cover insurance      
Total expense      
Net Profit      

 

Financial performance analysis

 

Describe and give reasons for all profit and loss amounts.

 

Variances

 

Describe and give reasons for all variances.

 

Variance to Operational Plan

 

Describe suggested variances

 

 

 

Reference ID: #getanswers2001198

 

 

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