BSBMGT617 Develop and Implement a Business Plan - Monitor Performance - Assignment Help
Assessment Task 2 - Monitor performance
Performance objective
To demonstrate the skills and knowledge required to monitor the performance of a business plan. The Assessment Task is due on the date specified by your assessor.
Assessment description
In this assessment, you will monitor the performance of a business plan, through testing and refining of the performance measurement system, and report on progress of the business plan in a timely and effective manner.
Procedure
- Review the completed business plan from Assessment Task 1.
- Document a plan for communicating the business plan to all relevant parties.
- Who are the key stakeholders?
- What information will each person (position) require?
- What are the relevant timeframes?
- How will you communicate this information?
- Write a brief report on performance measurement systems, including:
- Identify the key performance objectives ( financial and non-financial)
- Describe the benchmarking used to determine suitable performance measures, (for example: number of complaints, cost reduction, increased number of customers or comparison between similar organization etc..)
- Acceptable levels of variance to planned objectives/benchmark (where applicable).
- The timeframe for report – how frequently reports will be completed.
- Who will be the key stakeholder for report
- Document how system failures, product failures and variances to the business will be reported, to whom and when
Submissions
You must submit:
- Communication plan as stated in point 2
- brief report on performance measurement system (point 3)
Your assessor will be looking for:
- monitor and respond to business performance including evaluation of performance against key results indicators including profit and loss, environmental impact, governance, quality, sales, triple bottom line and the workforce
- consult, communicate with and report to key stakeholders including business partners, financiers, customers, staff and technical advisers
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