BSBMGT517.docx - Assessment task 1 1 Explain the purpose of a Strategic Plan and an Operational Plan and the role of an Operational Plan in achieving

BSBMGT517.docx - Assessment task 1 1 Explain the purpose of...

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Assessment task 1 1. Explain the purpose of a Strategic Plan and an Operational Plan, and the role of an OperationalPlan in achieving the organisation’s objectives. 2. Explain the difference between an operational plan modelled on the organisation as a wholeand one that has been modelled to suit a specific organisational goal or department. 3. Explain two typical methods for developing an Operational Plan.Map out your strategies. 4. Explain the purpose of a budget. 5. Explain typical budgeting processes. 6. Explain the purpose of key performance indicators.
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