BSBPMG517 MANAGE PROJECT RISK ASSESSMENT TASK 1

Assessment Task 1: Written Questions

Task summary
This is an open book test to be completed in the classroom.
A time limit of 1 hour to answer the questions is provided.
You need to answer all of the written questions correctly.
Your answers must be word processed and sent to the assessor as an email attachment.
Required

  • Access to textbooks/other learning materials
  • Computer and Microsoft Office
  • Access to the internet

Timing
Your assessor will advise you of the due date of this assessment.
Submit

  • Answers to all questions

Assessment criteria

  • All questions must be answered correctly in order for a student to be assessed as having completed the task satisfactorily.

Re-submission opportunities
Students will be provided feedback on their performance by their Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.
If any parts of the task are not satisfactorily completed your assessor will explain why and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s)will be arranged at a later time and date.
Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.
Students are encouraged to consult with their assessor prior to attempting this task if they do not understand any part of this task or if they have any learning issues or needs that may hinder them when attempting any part of the assessment.
Written answer question guidance
The following written questions use a range of “instructional words” such as “identify” or “explain”, which tell you how you should answer the question. Use the definitions below to assist you to provide the type of response expected.
Note that the following guidance is the minimum level of response required.
Analyse – when a question asks you to analyse something, you should do so in in detail, and identify important points and key features. Generally, you are expected to write a response one or two paragraphs long.
Compare – when a question asks you to compare something, you will need to show how two or more things are similar, ensuring that you also indicate the relevance of the consequences. Generally, you are expected to write a response one or two paragraphs long.
Contrast – when a question asks you to contrast something, you will need to show how two or more things are different, ensuring you indicate the relevance or the consequences. Generally, you are expected to write a response one or two paragraphs long.
Discuss– when a question asks you to discuss something, you are required to point out important issues or features, and express some form of critical judgement. Generally, you are expected to write a response one or two paragraphs long.
Describe – when a question asks you to describe something, you should state the most noticeable qualities or features.Generally, you are expected to write a response two or three sentences long.
Evaluate – when a question asks you to evaluate something, you should do so putting forward arguments for and against something. Generally, you are expected to write a response one or two paragraphs long.
Examine – when a question asks you to examine something, this is similar to “analyse”, where you should provide a detailed response with key points and features and provide critical analysis. Generally, you are expected to write a response one or two paragraphs long.
Explain – when a question asks you to explain something, you should make clear how or why something happened or the way it is. Generally, you are expected to write a response two or three sentences long.
Identify – when a question asks you to identify something, this means that you are asked to briefly describe the required information. Generally, you are expected to write a response two or three sentences long.
List – when a question asks you to list something, this means that you are asked to briefly state information in a list format.
Outline – when a question asks you to outline something, this means giving only the main points, Generally, you are expected to write a response a few sentences long.
Summarise – when a question asks you to summarise something, this means (like “outline”) only giving the main points. Generally, you are expected to write a response a few sentences long.

Assessment Task 1 Instructions

Provide answers to all of the questions below:

  1. Identify at least two project risks for each of the following risk categories:
  • Scope risk– Scope is the sum of the goods, services and outcomes that the project will deliver. Product range involves product, service, and outcome characteristics and functions. This danger involves scope modifications due to the following variables:

Scope creep–as customers add to the demands, the project grows in complexity and developers begin gold playing.

  1. Integration issues
  2. Hardware & Software defects
  3. Change in dependencies

 

  • Scheduling risk-There are a number of reasons why in the manner you planned the project might not continue. These include unexpected delays in the purchase of components at an external seller, natural variables, estimation errors and delays. The test team, for example, cannot start the job until the designers complete their milestone deliverables and a delay in those can trigger cascading delays.
  • Resource risk-This danger stems primarily from problems linked to outsourcing and staff. A large project could require dozens or even hundreds of staff, and the management of attrition problems and the departure of important staff is crucial. Bringing a fresh employee into the project at a later point can slow the project considerably.
  • Technology risk-This danger involves delays resulting from defects in software and hardware or the failure of an underlying service or platform. For example, halfway through the project you might realize the cloud service provider you’re using doesn’t meet your benchmarks for results. Apart from this, there could be issues in the platform used to build your software or a critical tool software update that doesn’t exist.

 

  1. Outline three examples of tools or techniques that could be used to identify risks as part of a risk assessment process.
  • Select key stakeholders. Plan the interviews. Define specific questions. Document the results of the interview.
  • Plan your brainstorming questions in advance. Here are questions should be used.:
  1. Project objectives. What are the most significant risks related to [project objective where the objective may be schedule, budget, quality, or scope]?
  2. Project tasks. What are the most significant risks related to [tasks such as requirements, coding, testing, training, implementation?
  3. See if there is a list of the most prevalent hazards in your business. If not, you might want to build a list of this kind. Conduct a post-review after each project where you capture the most important hazards. For subsequent projects, this list may be used. Warning–checklists are great, but there are all the risks in no checklist.
  4. Outline three sources of information that can be used to gather information on potential risks within the workplace.

Government papers and journals, the Media and Employer / Industry Associations were three primary sources of data used by companies to obtain data on occupational health and safety.

  1. Explain each of the key components of a risk management plan

Here are six components of a good risk management plan:

  1. Definitions
  2. Assumptions
  3. Risk Breakdown Structure
  4. Probability Impact Matrix
  5. Accuracy Estimates (cost & schedule)
  6. Risk Register

Definitions

  • The hazards will be recognized in future segments and provided priority rankings like “high / medium / low.” Categories such as “Probability of 0.05= Very Low” will appear in the Probability & Impact Matrix. This chapter describes what these mean and utilizes phrases to explain them.  A definition is usually written out, such as:
  • Very Low: the event is highly unlikely to occur under regular circumstances.
  • Low:  The event is unlikely but should be noted by the project team.
  • Medium:  The event has a normal chance of occurring and the project team should be aware of it.
  • High:  The event has a reasonable chance of occurring.  It should be regularly discussed, and mitigation actions taken.
  • Very High:  The occurrence of the event should be actively managed and mitigation actions taken.

Assumptions
The assumptions of the project have a major impact on risk analysis.  Ask yourself these questions.

  • What assumptions support the project costs?
  • What assumptions support the project schedule (completion date, milestones, etc.)?
  • What expertise or prior experience does the company have in this work?  How long ago was this experience?  What areas require additional training?
  • Which relationships are being assumed to be strong that are not necessarily (owner, sponsor, client, contractor, consultant)?
  • How many previous projects with similar components have been completed successfully?  What were the project issues?

Risk Breakdown Structure
This is a categorical list of the main risk classifications and is extremely industry-specific. For instance, an I.T. The project will look like this: The Project Management Institute has lately integrated Risk Breakdown Structures into the Knowledge Body of Project Management.
Probability Impact Matrix
Because risk is described as probabilityx impact, it is necessary to consider both variables when determining the priority of each risk case. Thus, the probability-impact matrix provides you a more comprehensive description of the risk register’s likelihood and impact structure (more on that later).The matrix helps you to consider both factors and sets the stage for the determination of numerical probability and impact values for each risk event.
Confidence Estimates
There should be some kind of confidence range estimates for a good risk management plan, especially for bigger, complicated projects.  These are great for perusal and debate of leadership.  They are merely an assessment of the prospective deviation from the project plan by the risk management team (or project manager).It can be as simple as low/medium/high probabilities or as complex as statistical analysis of the probability of meeting deadline dates.
Risk Register
The risk register is usually in table form and has the following columns:

  1. Risk Name/Description
    The risk event can be described with descriptors, such as “The contractor could incur additional material supply cost and attempt to pass this on to us.”  Risk identification is a fairly time-consuming endeavor that should not be skirted.
  2. Probability
    The likelihood of the event occurring.  If possible, a numeric value between 0 and 1 should be used which can be multiplied by the Impact (next column) to determine meaningful risk values.  But for smaller projects a 1-10 scale or “low/medium/high” is also satisfactory.
  3. Impact
    The impact of the risk event.  Again, a number between 0 and 1 or a dollar value is good because it results in meaningful overall risk values.
  4. Risk
    Since Risk = Probability x Impact, multiply the two previous columns together.  If a qualitative scale like low/medium/high was used, simply use the same qualitative scale to describe the overall risk level in light of the probability and impact of the event.
  5. Priority
    A good risk management plan will identify the most important risks to the project.  In this column, the risks will be prioritized starting from 1 and moving consecutively down until they are all prioritized.  Project sponsors, clients, and owners love this, by the way.
  6. Response Plans
    To complete the risk register, a response plan should be created for the top 3 (approximately) risks to the project.  Alternatively, they could be included outside of the table, but often a quick synopsis can make the risk register stronger.  Something like: “Account for project team, call hazardous spill group, and fill out incident form.”  Make it so you don’t have to think about the initial response.

 

  1. Summarise the purpose of Australia/New Zealand Standard for Risk Management (AS/NZS ISO 31000:2009) and identify the key principles underlying this risk management standard.

ISO 31000 is a family of standards relating to risk management codified by the International Organization for Standardization. The purpose of ISO 31000:2009 is to provide principles and generic guidelines on risk management.

  1. Creates and protects value Good risk management contributesto the achievement of an agency’s objectives through the continuous review of its processes and systems.
  2. Be an integral part of organisational processes Risk management needsto be integrated with an agency’s governance framework and become a part of its planning processes, at both the operational and strategic level.
  3. Be part of decision making the process of risk management assists decision makers to make informed choices, identify priorities and select the most appropriate action.

 

  1. Explicitly address uncertainty by identifying potential risks, agencies can implement controls and treatments to maximise the chance of gain while minimising the chance of loss.

 

  1. Be systematic, structured and timely the process of risk management should be consistent across an agency to ensure efficiency, consistency and the reliability of results.

 

  1. Based on the best available information to effectively manage risk it is important to understand and consider all available information relevant to an activity and to be aware that there may be limitations on that information. It is then important to understand how all this information informs the risk management process.

 

  1. Be tailored an agency’s risk management framework needs to include its risk profile, as well as take into consideration its internal and external operating environment.

 

  1. Take into account human and cultural factors Risk management needsto recognise the contribution that people and culture have on achieving an agency’s objectives.

 

  1. Be transparent and inclusive Engaging stakeholders, both internal and external, throughout the risk management process recognises that communication and consultation is key to identifying, analysing and monitoring risk.

 

  1. Be dynamic, iterative and responsive to change the process of managing risk needs to be flexible. The challenging environment we operate in requires agencies to consider the context for managing risk as well as continuing to identify new risks that emerge and make allowances for those risks that no longer exist.

 

  1. Facilitate the continual improvement of organisations Agencies with a mature risk management culture are those that have invested resources over time and are able to demonstrate the continual achievement of their objective.

 
 

  1. Describe the characteristics, techniques and appropriate applications of both quantitative and qualitative risk analysis.

The quantitative risk analysis attempts to estimate the risk in form of the probability (or frequency) of a loss and evaluates such probabilities to make decisions and communicate the results. In this context, the ‘‘uncertainty’’ associated with the estimation of the frequency (or probability) of the occurrence of the undesirable events and the magnitude of losses (consequences) are characterized by using the probability concepts. When evidences and data are scarce, uncertainties associated with the quantitative results play a decisive role in the use of the results (i.e., meta-uncertainties or uncertainties about the expected loss).
Quantitative risk analysis is clearly the preferred approach when adequate field data, test data, and other evidences exist to estimate the probability (or frequency) and magnitude of the losses. The use of quantitative risk analysis has been steadily rising in the recent years primarily due to availability of quantitative techniques and tools, and our ability to make quantitative estimation of adverse events and scenarios in complex systems from limited data.
However, the use of quantitative risk analysis has been restricted to large scope risk analyses because quantitative risk analysis is complicated, time-consuming, and expensive.
QUALITATIVE RISK ANALYSIS
This type of risk analysis is perhaps the most widely used one, just because it is simple a quick to perform. In this type, the potential loss is qualitatively estimated using linguistic scales such as low, medium, and high. In this type of analysis, a matrix is formed which characterizes risk in form of the frequency (or likelihood) of the loss versus potential magnitudes (amount) of the loss in qualitative scales. The matrix is then used to make policy and risk management decisions. Because this type of analysis does not need to rely on actual data and probabilistic treatment of such data, the analysis is far simpler and easier to use and
understand, but is extremely subjective.
Qualitative risk analysis is the method of choice for very simple systems such as a single
product safety, simple physical security, and straightforward processes.
 

  1. Outline the key steps involved in a risk management process.

All risk management processes follow the same basic steps, although sometimes different jargon is used to describe these steps. Together these 5 risk management process steps combine to deliver a simple and effective risk management process.
Step 1: Identify the Risk. You and your team uncover, recognize and describe risks that might affect your project or its outcomes. There are a number of techniques you can use to find project risks. During this step you start to prepare your Project Risk Register.
Step 2: Analyse the risk. Once risks are identified you determine the likelihood and consequence of each risk. You develop an understanding of the nature of the risk and its potential to affect project goals and objectives. This information is also input to your Project Risk Register.
Step 3: Evaluate or Rank the Risk. You evaluate or rank the risk by determining the risk magnitude, which is the combination of likelihood and consequence. You make decisions about whether the risk is acceptable or whether it is serious enough to warrant treatment. These risk rankings are also added to your Project Risk Register.
Step 4: Treat the Risk. This is also referred to as Risk Response Planning. During this step you assess your highest ranked risks and set out a plan to treat or modify these risks to achieve acceptable risk levels. How can you minimize the probability of the negative risks as well as enhancing the opportunities? You create risk mitigation strategies, preventive plans and contingency plans in this step. And you add the risk treatment measures for the highest ranking or most serious risks to your Project Risk Register.
Step 5: Monitor and Review the risk. This is the step where you take your Project Risk Register and use it to monitor, track and review risks.
 

  1. Explain five options for controlling risk.

 

  1. Elimination,
  2. substitution

Eliminating the hazard completely is always the first choice. Substitution involves replacing the material or process with a less hazardous one.
 
Can I find safer ways to perform the task? For example, if falling is a hazard, eliminate the risk by storing stock at lower heights so workers don’t have to climb ladders to reach the goods.
Can I use something less harmful? For example, if chemical-heavy industrial cleaners are a hazard, consider substituting cleaners made of vinegar and water mixed with salt, borax, or baking soda. Just make sure the substitutions don’t create new hazards.

  1. Engineering controls

 
If you can’t eliminate the hazards or substitute safer alternatives, engineering controls are the next best options. These involve using work equipment or other means to prevent workers from being exposed to a hazard. Engineering controls are physical changes to the workplace and may include equipment guarding, guardrails, traffic control lanes and barriers between vehicles and pedestrians, and many other options.
 
For example, while working at heights cannot be avoided in construction, guardrails can be installed to prevent falls from happening. Guardrails are an example of an engineering control.
 

  1. Administrative controls

Administrative controls involve identifying and implementing safe work procedures so your workers can perform their job duties safely. The findings of your risk assessment will form the basis of these safe work procedures.Examples of administrative controls include implementing person-check procedures and prohibiting the use of mobile phones while workers are driving.
 

  1. Personal protective equipment and clothing

Using personal protective equipment (PPE) is another important control to protect workers.
For example, while working with toxic chemicals may be necessary in certain workplaces such as laboratories, the use of PPE such as protective eyewear and gloves will help to reduce the exposure risk. Similarly, first responders enter hazardous sites as a regular part of their job, but they diligently use various types of PPE to protect themselves.
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L/617/1153 People in Organisations

Level 4 
A medium sized local company, Century Ltd, has recently become aware of increasing problems with staff. They have noticed an increase in absenteeism, staff turnover as well as poor morale and a drop-in sale.
The middle managers are all relatively inexperienced and the Managing Director has asked an external HR consultant to guide them so that they can review their own practices to help them establish the cause of the problems.
In addition as you have studied business management he has asked you to provide a report on best practice in organisations.
Your report will draw on your understanding of workplace practices and procedures and their impacts on the workforce. You will provide exemplification of current practices in a range of organisations.

Preparation for your report

You will need to research workplace practices in order to gather information on:

  • Communication practices including, communication policies and procedures, organisational charts and relevant legislation
  • Team working practices and leadership styles. This should include remote working practices and how the remote workers are managed
  • Support structures for staff, including HR department, policies and procedures

You may also wish to use organisations that you know well for example where you have been or are currently employed or where you work in a voluntary capacity. Or you may be able to gather some information through a workplace visit.   You may be able to interview people, review documentation and observe working practices to gather information.  Alternatively, you can carry out desk research using company reports, press releases and the company website or other parts of the internet particularly related to HRM.

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You’re Task – Write a report

Prepare a formal report for the Managing Director of Century Ltd.  This will be a substantial piece of work in which your present theories and best practice with exemplification from the organisations you have researched.
You must make sure you include the following sections in your report:

Report Section A – Communication practices

  • An analysis of the benefits to organisations of effective communication (AC 1.1)
  • An analysis of the policies and procedures that are used to enhance communication within organisations (AC 1.2)
  • An explanation of legislation relevant to communication within organisations (AC 1.3)
  • An evaluation of how organisational structure impacts on the communication methods used (AC 1.4)

To achieve a Merit, you must also include in your report:

  • An analysis of the impact new technologies have on organisations’ communications systems and practices (AC 1M1)

Report Section B – Teamwork

Consider theories of teamwork and provide examples of best practice with which you are familiar.  Include:

  • An assessment of the benefits of teamwork to both individuals and to organisations (AC 2.1).
  • An analysis of why teams might fail to meet their objectives (AC 2.2).

To achieve a Merit, you must add to your report:

  • An evaluation of the impact of leadership styles on teamwork (AC 2M1)

To achieve a Distinction, you must add to your report:

  • An analysis of the application and effectiveness of teamwork in a given organisation (AC 2D1)

Report Section C – Remote working

Consider the issues associated with remote working, providing examples of best practice with which you are familiar.  Include:

  • An explanation of the implications of the different ways in which people work ‘remotely’ (AC 3.1)
  • An evaluation of common working practices used by those working remotely in different contexts (AC 3.2)
  • An analysis of leadership styles appropriate for remote working (AC 3.3)

Report Section D – Support and monitoring structures

Consider the support and monitoring structures used within workplaces, providing examples of actual practice.  Include:

  • An explanation of how Human Resource departments can provide support and monitor people within the workplace (AC 4.1)
  • An assessment of the policies and procedures designed to support and monitor people in the workplace (AC 4.2)

To achieve a Distinction, you must add to your report:

  • An evaluation of the impact of legislation on employee relations management in different organisational contexts (AC 4D1) 

Guidelines for assessors

The assignments submitted by learners must achieve the learning outcomes and meet the standards specified by the assessment criteria for the unit. To achieve a merit or distinction grade, the learners must demonstrate that they have achieved all the criteria set for these grades. Where work for the pass standard is marginal, assessors can take account of any extension work completed by the learners. The suggested evidence listed below is how learners can demonstrate that they have met the required standards.

Tasknumber  
1. 1.1, 1.2, 1.3, 1.4. 1M12.1, 2.2, 2M1, 2 D1
3.1, 3.2, 3.3
4.1, 4.2, 4D1
 
A well-structured formal report in a style appropriate for a Managing Director. The report will address the requirements of all the command verbs given in the AC. It would be helpful to direct the learners to the definitions of the command verbs which ATHE has provided so they are clear what is required to meet the standards.Learners should choose relevant examples from organisations to demonstrate their understanding and achievement of the command verbs. This is a particular requirement for AC which requires the learner to relate their work to specific organisations. Learners may need support with the choice of organisations used.

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BSBLDR502 STUDENT ASSESSMENT BOOKLET QUESTIONS

BSBLDR502 Lead and Manage Effective Workplace Relationships

ASSESSMENT OVERVIEW
This Student Assessment Booklet includes all your tasks for assessment of BSBLDR502 Lead and manage effective workplace relationships.
ABOUT YOURE ASSESSMENTS
This unit requires that you complete 4 assessment tasks. You are required to complete all tasks to demonstrate competency in this unit.

Assessment Task About this task
Assessment Task 1: Written questions You must correctly answer all 13 questions to show that you understand the knowledge required of this unit.
Assessment Task 2: Project – policies and procedures development You are to assume the role of General Manager of Accountancy Victoria and develop a number of policies and procedures to do with workplace communication and consultation.
Assessment Task 3: Networking project You are to assume the role of the General Manager of Accountancy Victoria and complete the activities.
Assessment Task 4: Role play – managing workplace difficulties You are to assume the role of the Office Manager at Accountancy Victoria and conduct a meeting with the Administration Assistant (assessor to role play).

How to submit your assessments
When you have completed each assessment task you will need to submit it to your assessor. Instructions about submission can be found at the beginning of each assessment task.
Assessment Task Cover Sheet
At the beginning of each task in this booklet, you will find an Assessment Task Cover Sheet. Please fill it in for each task, making sure you sign the student declaration.
Your assessor will give you feedback about how well you went in each task, and will write this on the back of the Task Cover Sheet.
Make sure you photocopy your written activities before you submit them – your assessor will put the documents you submit into your student file. These will not be returned to you.
Assessment appeals
You can make an appeal about an assessment decision by putting it in writing and sending it to us. Refer to your Student Handbook for more information about our appeals process.
Assessment plan
The following outlines the requirements of your final assessment for this unit. You are required to complete all tasks to demonstrate competency in this unit.
Your assessor will provide you with the due dates for each assessment task. Write them in the table below.

Assessment Requirements Due date
1.   Written questions
2.   Project – policies and procedures development
3.   Networking project
4.   Role play – managing workplace difficulties

AGREEMENT BY THE STUDENT
Read through the assessments in this booklet before you fill out and sign the agreement below. Make sure you sign this before you start any of your assessments.
Have you read and understood what is required of you in terms of assessment?
Yes or No
Do you understand the requirements of this assessment?
Yes or No
Do you agree to the way in which you are being assessed?
Yes or No
Do you have any special needs or considerations to be made for this assessment? If yes, what are they?
Yes or No
Do you understand your rights to appeal the decisions made in an assessment?
Yes or No

ASSESSMENT TASK 1: WRITTEN QUESTIONS

TASK SUMMARY:

  • This is an open book test – you can use the Internet, textbooks and other documents to help you with your answers if required.
  • You must answer all 13 questions correctly.
  • Write your answers in the space provided.
  • If you need more space, you can use extra paper. All extra pieces of paper must include your name and the question number/s you are answering.
  • You may like to use a computer to type your answers. Your assessor will tell you if you can email them the file or if you need to print a hard copy and submit it.

WHAT DO NEED IN ORDER TO COMPLETE THIS ASSESSMENT?

  • Access to textbooks and other learning materials.
  • Access to a computer and the Internet (if you prefer to type your answers).

WHEN DO DO THIS TASK?

  • You will do this task in the classroom or as homework – your assessor will
  • Write in the due date as advised by your assessor: __________________

WHAT DO I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor marks any of your answers as incorrect, they will talk to you about resubmission. You will need to do one of the following:

  • Answer the questions that were incorrect in writing.
  • Answer the questions that were incorrect verbally.

QUESTION 1
Why are workplace policies and procedures important? List five key benefits.
QUESTION 2
Briefly explain why it is important that workplace policies and procedures are provided and explained to staff.
QUESTION 3
When should staff be provided with policies and procedures?
QUESTION 4
List three methods of informing staff about changes to policies and procedures.
QUESTION 5
What is the purpose of a workplace Code of Conduct?
QUESTION 6
List three behaviours that a workplace Code of Conduct can cover.
QUESTION 7
List three benefits of networking.
QUESTION 8
List two benefits to employers of a diverse workplace.
QUESTION 9
Describe the main function of the Fair Work Act 2009.
QUESTION 10
What is Equal Employment Opportunity?
QUESTION 11
Describe the main function of the Disability Discrimination Act 1992.
QUESTION 12
List the objectives of the Racial Discrimination Act 1975.
QUESTION 13
List the objectives of the Sex Discrimination Act 1984.

ASSESSMENT TASK 2: POLICIES AND PROCEDURES DEVELOPMENT PROJECT

TASK SUMMARY:
This assessment requires you to assume the role of General Manager of Accountancy Victoria and develop a number of policies and procedures to do with workplace communication and consultation.
WHAT DO NEED IN ORDER TO COMPLETE THIS ASSESSMENT?

  • Access to textbooks and other learning materials
  • Access to a computer and the Internet (if you prefer to type your responses).

WHEN DO DO THIS TASK?

  • You will do this task in the classroom or as homework – your assessor will advise.
  • Write in the due date as advised by your assessor:   ____________________

WHAT DO NEED TO DO IF GET SOMETHING WRONG?
If your assessor identifies that you have not submitted a detailed and clear Code of Conduct, Workplace Communication and Consultation Policy and Procedure and Dispute Resolution Policy and Procedure, they will give you feedback and a timeframe in which to resubmit.
INSTRUCTIONS:
Accountancy Victoria is based in Footscray, Victoria and provides accountancy and bookkeeping services for a range of clients.
Accountancy Victoria was established by the two Directors who are the Senior Accountants for the company. Other staff employed are three accountants, a bookkeeper, and an Officer Manager. The company is expanding due to the demand for accountancy services and will employ a further three Senior Accountants in the next two months, as well as another Officer Manager and a Client Services Coordinator.
Imagine that you have recently been appointed as the General Manager of Accountancy Victoria. Your role is to manage the day-to-day operations of the company. The first task you have been allocated is to establish formal systems and processes for a range of areas, as currently most of the company’s systems and processes are informal.
To start the process of creating formal systems and processes, you have been asked to develop systems and processes for workplace communication and consultation, as well as a Code of Conduct and Dispute Resolution processes.

1.        Develop a Code of Conduct.

You are required to develop a Code of Conduct so that staff are aware of and follow the standard of expected behaviour.
In developing your Code of Conduct you should research other companies Codes and relevant legislation. Your Code of Conduct must be in your own words, must comply with current legislation and must include   a list of references that you have used in the development of the document.
The Code of Conduct needs to include, as a minimum, the following guidance:

  • Introduction – the purpose of the Code
  • Scope – who it applies to
  • Legislation that applies
  • Details of expected personal and professional behaviour (as a minimum, this should address a range of ethical behaviours, as well as behaviours appropriate to working within diverse workplace)
  • Conflict of interest requirements
  • Gifts, benefits and hospitality
  • Outside employment/consulting
  • Use of social media
  • Serious misconduct
  • How and when the Code of Conduct will be communicated to staff.

Your Code of Conduct should be no longer than two pages in length, be structured logically and be written clearly and concisely in a language suitable for the audience (managers and staff).

2.        Develop a Workplace Communication and Consultation Policy and Procedure.

Develop a workplace communication and consultation policy and procedure to describe the mechanisms that will be used for internal communications, as well as how staff can provide input into a range of workplace related matters.
In developing your policy and procedure you should review other workplace communication/consultation policies and/or procedures. Your policy and procedure must be in your own words and must include a list of references that you have used in the development of the document.
The policy and procedure should include the following minimum information:

  • Purpose
  • Scope
  • Communication strategies for communicating with staff – type, purpose and You should include at least four strategies in your policy and procedure.
  • Communication protocols for meetings in relation to sending out of agendas and writing up of minutes.
  • Consultation process – ways in which staff can contribute to workplace issues (for example, surveys, suggestion forms, committees and so on) – you must include at least three. Provide specific detail about the consultation mechanism and how staff will receive feedback, e.g. for a suggestion box, indicate the location of the box and how suggestions will be recorded and actioned, and how staff will be given feedback on the consultation process and/or action taken.

Your policy and procedure should be no longer than four pages in length, be structured logically and be written clearly and concisely in a language suitable for the audience (managers and staff).

3.        Develop a Dispute Resolution Policy and Procedure

Develop a Dispute Resolution Policy and Procedure so that all staff are aware of the dispute resolution procedures in place.
In developing your policy and procedure you should review other workplace’s policies and procedures. Your policy and procedure must be in your own words and must include a list of references that you have used in the development of the document.
Develop a Dispute Resolution Procedure that addresses the following:

  • Purpose of the policy
  • Scope – to whom it applies
  • Relevant Legislation
  • What constitutes a dispute
  • Responsibilities of managers in disputes. This should include advice on how to identify conflict and how to plan to address issues before a dispute is raised.
  • Responsibilities of employees in disputes. This should include advice on the steps an employee should take to resolve issues/conflict before involving their supervisor.
  • The process and timeframe by which a dispute will be The process must demonstrate how the dispute moves through the internal chain of command right through to referral to an external body. written clearly and concisely in a language suitable for the audience (managers and staff).

4.      When you have completed all of the above documents, you must submit them to your assessor (as though he or she is a staff member of Accountancy Victoria).

Include an introduction to the documents (either an email or memo) that provides a clear and simple summary of the documents and refer to the opportunity for staff to provide feedback, clarify points and/or ask questions before the final version of the documents are launched. Ensure your communication is clear, written in plain English and error free.
Your assessor, in the role of a staff member, will provide you with feedback which you should incorporate into your documents.
Submit the final version of each document to staff (your assessor) and include an introduction (either an email or memo) indicating that their feedback has been incorporated and provide a clear and simple outline of what has been changed. Ensure your communication is clear, written in plain English and error free.

ASSESSMENT TASK 3: NETWORKING PROJECT

TASK SUMMARY:
This assessment requires you to assume the role of the General Manager of Accountancy Victoria to identify and plan for the development and maintenance of relationships and networks.
WHAT DO NEED IN ORDER TO COMPLETE THIS ASSESSMENT?

  • Access to textbooks and other learning materials
  • Access to a computer and the Internet (if you prefer to type your responses)

WHEN DO DO THIS TASK?

  • You will do this task in the classroom or as homework – your assessor will advise.
  • Write in the due date as advised by your assessor:    _________________

WHAT DO NEED TO DO IF GET SOMETHING WRONG?
If your assessor identifies that you have not submitted a detailed and clear activity schedule, they will give you feedback and a timeframe in which to resubmit.
If your answers to questions 1 or 2 are not correct or detailed, your assessor will give you feedback and a timeframe in which to resubmit
INSTRUCTIONS:
You have recently commenced in the role of General Manager at Accountancy Victoria. This role involves taking on the human resource function for the business as well as managing a team of staff. You have been told by individual members of your team and the accounting partners that the previous General Manager, Casey, did not have a great relationship with any of the staff nor the senior management team – rarely communicated with them and did not appear to build any professional networks externally either.
Staff did not trust Casey as they often heard her repeating confidential conversations, liked to play staff off against one another, was disrespectful to junior staff and was often pulled up for her total lack of cultural sensitivity.
You have discovered that there are few formal processes in the business, including policies and procedures and your predecessor has provided inaccurate advice and information with regards to policy and legislative requirements, and the business has had two cases lodged with Fair Work Commission in the past 12 months.
You have only been in the role for three weeks but you already feel as though staff distrust you and do not come to you with issues that you feel they should. You will need to work hard to establish and build the trust and confidence in the team.
Complete the following activities:

  1.  Research and identify at least four particular methods/activities (eg, team meetings, training, one-on-one meetings, consultation and feedback on projects, social functions and events, team building, ) you can use to build relationships with your team and other managers in order to gain their trust and confidence.

For each method, answer the following questions:

  • What professional conduct and interpersonal communication styles will you need to use to build this relationship?
  • What method of communication will you use to guide them through this period of transformation and change, and why?
  • What is the specific outcome or benefit of this method/activity?
  1. Research and identify at least four external contacts or networks that may be relevant to your role as General Manager (including the HR function). The purpose of these networks may be for you to gain information and advice on the industry, learn about technological developments or new services or changes to legislation, for education purposes or business development. These networks may also exist for the purpose of staff education or referral (eg. training provider or employee assistance program).
    • Record the name of these contacts/networks, website and contact details, and a brief description of what they do and why you would build a relationship with them.
    • Choose a method of communication to build the relationship. (for example, informal meetings or catch ups, formal meetings, networking events, written communication, phone conversations, training events, etc.)
    • What is the benefit/s of this activity to you and the team?
  2. Prepare a 12 month schedule that includes all of the staff and networking activities that you have identified in questions 1 and 2 to ensure you develop and maintain the relationships. For each activity include the name of the activity, who is involved and whether it is an internal or external activity. Where the activity is a networking event include the date, location and cost.Submit the answers to the questions and your schedule to your assessor. Ensure your documentation is structured logically, error free, clear and easy to read.

ASSESSMENT TASK 4: ROLE PLAY: MANAGING WORKPLACE DIFFICULTIES

TASK SUMMARY:
This assessment requires you to assume the role of the Office Manager at Accountancy Victoria and conduct a meeting with the Administration Assistant (assessor to role play) to manage under-performance issues raised.
WHAT DO NEED IN ORDER TO COMPLETE THIS ASSESSMENT?

  • Your assessor (to play the role of Beth, the Administration Assistant).
  • Access to a computer, email software and the Internet.

WHEN DO DO THIS TASK?

  • You will do this task in the classroom or as homework – your assessor will advise.
  • Write in the due date as advised by your assessor:    _____________

WHAT DO NEED TO DO IF GET SOMETHING WRONG?
If your assessor sees that you have not shown the right skills/techniques during the role play, they will give you some feedback and you will need to do the role play again.
INSTRUCTIONS:
Imagine that it is six months later at Accountancy Victoria. The new Administration Assistant, Beth, has been employed and has been in the position for two months. Beth is from Somalia but she has been in the country for one year and speaks good English.
The Officer Manager, Sarah, approaches you to discuss Beth’s performance. She mentions that Beth has not been completing her tasks on time or to standard. She refers to a few examples, including stationery not being ordered on time, agendas for meetings not sent out in the correct format or in the required timelines, and clients being provided with incorrect information. Sarah also mentions that Beth is late most morning of the week – often arriving at 9.15am. Sarah has also noticed that Beth makes many personal phone calls during the day and has been seen taking milk home from the staff fridge.
As Beth reports directly to you, Sarah asks you to talk to Beth about her work performance and her breach of the Code of Conduct.
Complete all activities:

  1. Before you commence this assessment, read the following guide about managing underperformance. You will be assessed on your demonstration of the skills referred to in the Checklist for employers when managing underperformance.

Go to http://www.fairwork.gov.au/about-us/policies-and-guides/best-practice-guides/managing- underperformance

  1. Send an email to Beth (your assessor) requesting her to attend a meeting with you to discuss her Include a date and time for the meeting and a brief outline of the meeting’s topic.
  2. Conduct the meeting with Beth (with your assessor playing the role of Beth) explaining to her what the problem is, why it is a problem, how it impacts on the workplace, and why there is a concern. You must also bring Beth’s attention to the Code of Conduct and the possible

At the meeting you must:

  • Explain the purpose of the meeting
  • Explain to Beth what the problem is
  • Explain how this behaviour impacts on the workplace/why it is a
  • Demonstrate your leadership, interpersonal and communication skills by:
    • keeping your communication clear and simple
    • listening to Beth and confirming and clarifying information shared
    • asking questions to confirm information
    • provide guidance, counselling and support to Beth’s own issues
    • engaging with Beth and motivating her
  • Discuss and agree on a solution and plan

4.  Send a follow up email to Beth within one day of the meeting summarising the meeting and the detailed solution upon which was agreed. Also include in this email a reminder of the expected behaviour in accordance with the Code of Conduct and what Beth should do if she has other issues or questions relating to the process (in accordance with all three procedures you developed in Assessment Task 2).
During the role play, your assessor will be looking to see that you:

  • Identify and resolve workplace difficulties by following the required procedure
  • Communicate required information about achievement of work responsibilities
  • Consult with Beth on the workplace issue identified, including clarification of details
  • Use questioning and active listening to provide the opportunity for Beth to express her thoughts and feelings
  • Demonstrate a caring and empathic approach to Beth
  • Stay relaxed and encouraging throughout the meeting
  • Talk about the issue rather than the person
  • Provide guidance and support in the form of realistic solutions to Beth to assist in the resolution of the workplace issue
  • Follow the policies and procedures that you developed in Assessment Task 2.

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BSBMGT616 DEVELOP AND IMPLEMENT STRATEGIC PLANS ASSIGNMENT QUESTIONS

Part 1: Evaluation

You are required to answer each question with short answers.

  1. List three benefits of gaining support for the strategic planning process from all relevant stakeholders prior to writing and implementing the organisation’s strategic plans.
  2. Give examples of risks and risk management strategies relevant to strategic planning including intellectual property rights and responsibilities
  3. Outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT)
  4. Identify internal and external sources of information relevant to the organisation’s market, competitors, customer base, vision, values and capabilities
  5. Outline techniques for developing organisational values.
  6. In conjunction with these stakeholders, explain a process that you could use to review or develop organisational values to support the vision and mission statements and make any changes or refinements to these statements as required.
  7. When developing and implementing strategic plans, explain an example for each point on the relevance of this legislation, law or regulation:
  • Business codes of practice
  • Intellectual Property legislation
  • Privacy laws

Part 2: Case Study

Task A: Case Study 1
Read this TNT (UK) Case Study on developing and implementing strategic plans and complete the task that follows below.
TNT is the market leader in the provision of business-to-business (B2B) express delivery services. It delivers documents, parcels and freight securely between businesses, using road or air transport.
Ken Thomas founded TNT in Australia in 1946 with a single truck. It became Thomas Nationwide Transport (TNT) in 1958 and TNT Express Services UK in 1978. Today TNT is a global company and serves customers in over 200 countries around the world, employing 10,000 people in the UK. TNT has two operating divisions in the UK.
As a global company, TNT seeks to project a consistent image across the world. For example, it uses the global strap line ‘Sure we can’ on all its vehicles, aircraft and communications material.
Values
TNT’s values underpin the way the organisation runs. These values are the core principles or standards that guide the way TNT does business. While business plans and strategies may change, the core values of business remain the same. TNT’s values are:

  • Be honest
  • Aim to satisfy customers every time
  • Challenge and improve all we do
  • Be passionate about our people
  • Act as a team
  • Measure success through sustainable profit
  • Work for the world.

Every aspect of TNT’s business strategy focuses on ‘delivering a superior customer experience’. For example, TNT uses sophisticated technology to enable customers to check exactly where their deliveries are at any time.
Delivering through people
TNT Express UK delivers over 3.5 million items every week around the world. It is listed among Britain’s Top Employers and provides first-class working conditions and care of its employees. The company needs high-level skills to cover a wide range of functions, including distribution, sales and marketing, finance, customer services and HR. To attract and retain the best people, TNT offers interesting careers, with opportunities for people to progress.
The case study explores how TNT delivers its business strategy and achieves consistently high standards of service through its people.
Mission, aims and objectives
TNT is the fastest and most reliable provider of express delivery services and is the European market leader. Organisations do not become market leaders by chance. It takes vision, careful planning, outstanding quality and a committed, highly trained staff. This organisation-wide planning is known as a business strategy. Organisations identify the goals that they want to achieve through:
Mission
A business’ mission is a statement that reflects its core purpose and principle business aims. It states what the business is, what it does, and where it is heading. Employees and other stakeholders who have an interest in the organisation’s activities need to be able to understand the mission easily. TNT’s mission is to:

  • ‘Exceed customers’ expectations in the transfer of their goods and documents around the world,
  • Deliver value to our customers by providing the most reliable and efficient solutions through delivery networks,
  • Seek to lead the industry by instilling pride in our people, creating value for our stakeholders and sharing responsibility around the world

Aims and SMART Objectives
The aims are supporting this mission focus on efficiently transferring goods and documents, providing customer satisfaction and behaving responsibly. To achieve these aims, the organisation needs to establish objectives at a number of levels. SMART objectives are designed to ensure that everyone understands what is required and by when. They make it easy to measure performance so that the business knows if and when its aims have been achieved. Where necessary, it can change its plans to overcome any problems or obstacles.

  • Specific – exactly what is to happen?
  • Measurable – by quantity or proportion
  • Achievable – capable of being achieved within available resources
  • Relevant – to the overall business or corporate objectives
  • Time-related – with a deadline attached

Measurable objectives cover every aspect of TNT’s operations and service. The top-level objective is ‘to achieve profitable growth’. Examples of SMART objectives across the business that contribute to this include:

  • ‘Answer 85% of calls from customers within ten seconds’. This objective fits with the mission ‘to provide the most reliable and efficient solutions’ for customers. TNT’s customer focus is one of the key ways in which it aims to differentiate itself from competitors.
  • ‘To improve TNT’s carbon efficiency by 45% by 2020 (measured against the 2007 baseline)’. This example of a longer-term objective reflects TNT’s aim to reduce the environmental impact of its business.

Building a strategy

  • Business strategies are the means by which businesses achieve objectives. They usually take the form of long-term plans relating to the chosen markets, products and the environment. A competitive strategy can be based on:

Having a distinctive position in the market. TNT’s market position is based on differentiating itself from rivals through its speed, reliability and provision of services of the highest standard.

  • Building core strengths (known as core competencies). TNT’s strengths are based on attracting and developing high-caliber staff that are able to exceed customer expectations so that customers remain loyal to the business.

TNT’s strategies need to take into account a number of important areas. These include:

  • What goods and services to produce, e.g. an integrated delivery service
  • Which territories will deliver the best return on investment? TNT’s international operations focus on key trading areas of Europe, Asia, North America and South America.
  • How to build a competitive advantage, e.g. by providing the most reliable, customer-focused services.

TNT’s Strategy Map
TNT’s Strategy Map puts the customer at the heart of everything that the business does. It communicates to everyone involved with the business how the company will meet its goals. Specifically, it acts both as a practical guide and as a framework to achieve the business objective of growing profits. A strategy map also serves as a reference point to align the whole organisation. This is vital to ensure everyone is focused on the aims and objectives and understands his or her role in the delivery of them.TNT Express’ commitment to the company strategy has been recognized as exceptional. The basis of the Balanced Scorecard is, ‘what gets measured gets done’. It helps organisations to establish how operational activities link to the strategy and provide measurable impact. TNT’s strategic map and its communications plan to cascade the strategy was judged by the Hall of Fame as ‘best in class’. Since undertaking the Balanced Scorecard, TNT has increased market share, improved customer loyalty and achieved a higher return on sales.
Tactics
Businesses deliver their strategies through a series of tactics. TNT’s practical measures are set out under three main headings – Operational Excellence, Customer Relationship Management and Innovation. The map describes the journey that TNT is taking towards achieving long-term aims. For example:

  • The map shows that Operational Excellence will be achieved through a solid foundation of fast, reliable and quality services.
  • From there, Customer Relationship is improved by understanding what different customers want. This builds a stronger allegiance and loyalty.
  • Innovation is about anticipating the future needs of TNT customers. Through stronger relationships, the business can develop a joint approach and shared a vision

Delivering the strategy
TNT segments its customers according to their requirements. For example, some customers provide the company with ‘one-off requests’. Others are major accounts regularly placing large orders. TNT responds to the needs of each of these customer groups in different ways and hopes for loyalty in return. The market is highly competitive, and it is more cost-effective to keep repeat business than to generate new customers.
TNT’s customer promise
TNT monitors customer satisfaction through regular Customer Loyalty Measurements. TNT’s Customer Promise is part of its key strategy to retain customers by delivering superior customer experience. To back this up, the company has set out ten promises. In practical terms, meeting customer requirements involves delivering to the right place, at the right time. TNT Express often carries many different types of goods for which on-time delivery is vital. This ranges from delivering blood supplies for the NHS to freshly-felled fir trees for Christmas
Delivering people
TNT recognizes that its people are the foundation on which it builds its customer-focused strategy. It needs to have the right people and skills to deliver the promises it makes. The business is committed to staff development. It promotes around 70% of its managers from within the organisation, enabling people to have long-term careers. Nearly 500 staff have at least 25 years’ service each. One key factor in TNT’s development of its people has involved training managers in becoming assessors and coaches of their teams. Through appraisals, managers find out what employees’ needs and aspirations are as well as their strengths. Identifying skills gaps as well as who is aiming for promotion enables TNT to put together effective training programmes. All managers possess a great knowledge of the way TNT works and with training can pass on that knowledge to make new workers more effective, more quickly.
Strategic direction and strategy gaps
TNT has high-quality people working within the organisation in many different roles. These range from the front-line distribution of parcels and documents to accounts, sales and marketing functions. However, in places, TNT may require additional skills to bridge the gap between its existing human resources and those required to implement the strategy fully. This is referred to as a strategic gap.
By developing its people, TNT ensures that it will have the capability to meet and implement any necessary changes in its strategy quickly. TNT is committed to minimising the environmental effects of its operations and conducting its business in a sustainable way. For example, it recognised the value the business could gain from making drivers more aware of methods of driving, which would improve safety and efficiency. Drivers have, therefore trained in SAFED (safe and fuel-efficient driving) techniques, earning certificates of competence.
Pioneering qualifications
Another element of TNT’s strategic and innovative approach has been in the development of pioneering training qualifications with education providers. For example, students on the TNT Foundation degree with Hull College study on-the-job, at home and at college for nationally recognised degree-level qualifications. TNT also offers in-house a five-year apprenticeship programme for people under 22 years old, providing experience and relevant qualifications in vehicle maintenance.
These qualifications increase the skills and knowledge of employees, improving their ability to earn promotion and gain career advancement — the business benefits in terms of increased efficiency and cost savings. TNT’s programmes enable new recruits quickly to bridge the gap between study (at school, college, or university) and work. This makes commercial sense for TNT as it ensures that its workforce is committed, motivated and able to deliver on the Customer Promise.
No Limits
TNT’s philosophy is that there are no limits to how far the right talent can rise. For example, the recently retired Managing Director originally started out as a driver. Graduates joining TNT work on major projects across the company from the outset and often progress to management positions within five years. Such projects have included the Common Systems project. This involved implementing a new computer system for improving data entry across 50 different locations. This has reduced the time taken for data inputting significantly and has helped speed up service delivery. Creating and delivering an effective business strategy involves:

  • having clear aims and objectives
  • building a competitive advantage by developing core competencies
  • Identifying gaps and seeking to close these through the development of resources.

TNT demonstrates good practice in each of these areas.
Conclusion
The company has clear business aims and objectives that are time-related. It focuses on developing competitive advantage through its strategies for customers, innovation and its people. TNT ensures that the people working for the business have adequate opportunities to grow. It meets any gaps in the ability of the workforce to deliver its strategy by training and to develop its existing people. This retains their skills and offers attractive career opportunities to recruit new talent.
Task: Upon review of thisTNT Case Study and considering their processes, please write a 750-word overview on how they successfully implemented their strategic plan.
Base your overview of the information provided, your acquired knowledge and your interpretation of how these processes were implemented and include a reference to these key areas:

  • Communicate the strategic plan to all relevant parties
  • Brief people with a specific role in relation to strategies
  • Use performance indicators to monitor progress in implementing a plan
  • Make the necessary refinements to plan
  • Evaluate achievement of objectives at agreed milestones
  • Review the effectiveness of the plan and consider methods for improving strategic planning processes

For the following questions, you must conduct your own research

  • State the current vision and mission for TNT (UK)
  • Identify any changes or refinements that were made.
  • Describe and explain the methods that you would follow to

 

  • Check with stakeholders that organizational mission and vision statements are still current and are supported.
  • To review or develop organizational values to support the vision and mission statement.
  • To gain support for the strategic planning process from all relevant stakeholders.

Task B
Case Study 2: FINANCE AND ACCOUNTING PTY LTD
Angela Sanders completed her degree in finance and decided to join her father’s firm. Finance and Accounting PTY Ltd. The company provided services in the area of accounting and tax-related matters for businesses in NSW.
Finance and Accounting PTY Ltd
Vision
“To excel in providing accurate and timely data, demonstrate integrity in relationships, and foster a keen focus on providing insight to our customers.”
Mission
Finance and Accounting PTY Ltd‘s mission is to provide our clients with the finest financial thinking, products and execution. This means setting the highest standards for behaviours that embody our business principles.
Values
We value teamwork, fairness, communication, competence, integrity, adaptability, and humour.
For the past five, Angela’s father, Sam Sanders, has run a financial advisory business headed by Ms Nish Carr. She provided advice on products such as shares, mutual funds, superannuation and real estate investments to clients who were interested in planning their financial future. Most of her customers came from Finance and Accounting Pty Ltd’s existing clients. Nish also has a degree in finance, has attended various seminars and training courses and is a member of different financial networks.
The financial market has seen a downward trend in the past six months, and most of Finance and Accounting Pty Ltd’s clients have lost money. Real estate is also experiencing a decline, and not many of Nish’s clients are willing to invest further. As many financial institutes have gone bankrupt overseas, the federal government is debating bringing in tougher laws and stricter penalties for businesses operating in these areas. However, there are new opportunities emerging, as Generation X has started to plan their future and the government is offering grants and incentives to first home buyers.
Sam has called a meeting to introduce Angela Sanders to the team. Sam has asked the financial advisory services to come up with an action plan to boost the business.
Angela and Nish got off to a good start by reviewing Finance and Accounting Pty. Ltd.’s strengths and weaknesses. Angela will continue to work on this area and collect necessary information from Sam.
They also decided to work on threats and future opportunities available to their business. Nish has suggested some websites to Angela to scan the business environment. She decided to talk to her friends in her networks to get information on the market trends. They decided to collect information in the areas of competition, new and developing market trends, technology government policies, employment, customer profiles, demand for different financial products, social and cultural changes and other economic indicators.
You have been invited to assist the team of Finance and Accounting Pty. Ltd
Source: Management Strategies and Skills by Judith DWYER
Task: Upon review of this case Study, and your own research, please answer the following

  • Identify and consider the strengths and weaknesses of existing and potential competitors and allies.
  • Analyze organization’s strengths, weaknesses, opportunities and threats.
  • Apart from the information mentioned in the case study, what other information would be useful in completing a SWOT analysis.
  • Formulate strategic objectives and strategies needed for the future.
  • Analyze political, economic, social, and technological developments in a global context.
  • What factors should be considered prior to consider cooperative ventures that are supported by risk and cost-benefit analyses, are consistent with the organizational vision, mission and values and provide for due diligence.

Part 3: Project Task

Nominate a business of your choice to develop and implement strategic plans. You will also need to consider how you would monitor performance once the plan is implemented and how you would respond to results. This may be a business that you own, manage or currently work in. Alternatively, you may use a business that you have an interest in or a theoretical business. Any company information used in this assessment will be held in confidence.

  • Relate the questions directly to that business scenario
  • You may also use this nominated business in the other assessments.

Task A
Develop a documented plan outlining your organizational strategic plans by firstly analyzing the internal and external environment and then writing the strategic plan. This plan should be 6 – 10 pages. Please include the following criteria in your plan:

  1. Determine the information requirements and undertake or commission research to deliver relevant information.
  • Background and research relevant to the plan
  • Legislation, regulations and codes of practice, including for intellectual property
  • Objectives, strategies and priorities
  • Roles and responsibilities
  • Performance indicators
  • Timeframes
  • Consideration of co-operative ventures
  • cost-benefit and risk analysis

 

  • Analyze any relevant political, economic, social, and technological developments in a global context
  • Seek advice from the appropriate experts wherever necessary
  • Identify and consider the strengths and weaknesses of existing and potential competitors and allies
  • Analyze the organization’s strengths, weaknesses, opportunities and threats (SWOT Analysis)
  • Consider any cooperative ventures that are supported by risk and cost-benefit analyses, are consistent with the organizational vision, mission and values and provide for due diligence
  • Check that the analysis of the internal and external environment is consistent with the perspectives of other informed people
  • Document the relevant research and background for inclusion in the strategic plan
  • Formulate the strategic objectives and strategies needed for the future

Task B
For the strategic plans that you prepared in Task A,

  • Create a PowerPoint presentation of 12-15 slides that you could use to circulate for comment, support and endorsement to key personnel.
  • Detail each strategy with an assigned priority, a timeframe, responsible parties and measurable performance indicators.

Based upon feedback from relevant parties

  • Recommend necessary refinements to plan
  • Evaluate achievement of objectives at agreed milestones
  • Review the effectiveness of the plan and consider methods for improving strategic planning processes

Part 4: Practical Application For skills and Knowledge

The Practical Application of Skills & Knowledge forms part of the assessment for this unit. You are required to write 1-2 sentences in the space provided that outlines how you would conduct yourself in the workplace. Your Assessor will assess the response you provide and confirm the detail with you or your supervisor in the workplace (if applicable YES No
Identifies and analyses complex organisational texts to determine business requirements    
Reviews, evaluates, interprets and applies content from a range of sources to aid in development of strategies    
Prepares strategic plans for relevant stakeholders incorporating appropriate vocabulary, grammatical structure and conventions    
Incorporates amendments to documents according to organisational requirements    
Collates and compiles data to convey specific information, requirements and recommendations    
Presents information and seeks advice using language and register appropriate to audience    
Participates in discussions using listening and questioning to elicit the views of others and to clarify or confirm understanding    
Interprets and analyses statistical data and mathematical information to consider trends and resource implications of proposed strategies    
Works autonomously making high level decisions to achieve and improve organisational goals    
Takes a lead role in the development of strategies to achieve organisational goals    
Selects and uses appropriate conventions and protocols when communicating with internal and external stakeholders to seek or share information    
Collaborates with others to achieve joint outcomes, playing an active role in facilitating effective group interaction, influencing direction and taking a leadership role    
Seeks feedback or expert advice where required    
Develops flexible plans for complex, high impact activities with strategic implications, taking into account capabilities, efficiencies and effectiveness    
Systematically gathers and analyses all relevant information and evaluates options to inform decisions about organisational strategies    
Evaluates outcomes to identify opportunities for improvement    
Applies problem solving processes to identify risks, evaluate options and determine solutions    
Observation Checklist Yes No
Performance EvidenceEvidence of the ability to:

  • Consult and communicate effectively with relevant stakeholders to:
  • Confirm or revise the organisation’s mission, vision and values
  • Validate findings of research and analysis
  • Get input to and endorsement of strategic plans
  • Brief relevant parties about the plan
  • Analyse organisation’s internal and external environment to formulate strategic plans including:
  • Background and research relevant to the plan
  • Legislation, regulations and codes of practice, including for intellectual property
  • Objectives, strategies and priorities
  • Roles and responsibilities
  • Performance indicators
  • Timeframes
  • Consideration of co-operative ventures
  • Cost-benefit and risk analysis
  • Seek advice from appropriate experts wherever necessary
  • Monitor and evaluate the implementation of the plan and make refinements as appropriate
  • Review effectiveness of planning processes and identify opportunities for improvement.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once

   
Knowledge EvidenceTo complete the unit requirements safely and effectively, the individual must:

  • Outline the legislation, regulations and codes of practice relevant to the organisation’s strategic plan.
  • Give examples of risks and risk management strategies relevant to strategic planning including:
  • Intellectual property rights and responsibilities
  • Other risks
  • Outline strategic planning methodologies including political, economic, social and technological (PEST) analysis and strengths, weaknesses, opportunities and threats analysis (SWOT)
  • Identify internal and external sources of information relevant to the organisation’s market, competitors, customer base, vision, values and capabilities
  • Outline techniques for developing organisational values.
   
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the management and leadership field of work and include access to:

  • relevant legislation, regulations, standards and codes
  • workplace documentation and resources
  • case studies and, where possible, real situations
  • Interaction with others.

Assessors must satisfy NVR/AQTF assessor requirements.

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