task 2.docx - BSBPMG522A Undertake project work Task 02...

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Prepared for: TAREQUL AHAD BSBPMG522A Undertake project work Task 02: Administer and monitor project (Case Study) Name: Patcharin Phaklaksamee Student ID : 15286
12 Procedure 1. Review the simulated business documentation, including policies and procedures in the document ‘Max Lionel Realty.docx’. Review templates contained in the document ‘Project planning templates.docx’ for possible use or adaptation in completing project requirements. I already reviewed the ‘Max Lionel Realty’ and ‘Project planning templates which is simulated business documentation that provided in folders. 2. Review the scenario information provided in Appendix 2. I already reviewed the scenario information provided in Appendix 2 that provided the scenario information. 3. Determine monitoring and record-keeping system requirements from scenario for project as planned. Monitoring activities Generally, organisations undertake two types of monitoring activities to understand how the organisation is performing and to identify those areas which require further attention. The two types of monitoring activities are compliance monitoring and performance monitoring. Compliance monitoring Compliance is defined as 'adhering to the requirements of laws, industry and organizational standards and codes, principles of good governance and accepted community and ethical standards'. (AS 3806 - 2006: Compliance Programs , section 1.3.3) Compliance monitoring and compliance auditing aim to establish whether a process or procedure is carried out in conformance with relevant external requirements, whether set through legislation, regulations or directions. It involves examining, at a fairly straightforward level, how organisations 'do something' and confirming 'compliance' with criteria. (CB029 - 2003, The Audit Skills Handbook , section 1.8) Public offices should regularly assess their conformity with the obligations of the State Records Act and the associated standards and codes of best practice to ensure that the organisation is compliant and that issues of non-compliance are corrected.
12 Compliance monitoring activities can range from: assessing compliance with obligations in the State Records Act assessing the records management program assessing recordkeeping assessing the management of records, and assessing records management system and business systems that create and capture records 4. Determine personal need for support. Identify and understand the most important personal planning objectives of the owner. Thereafter, analyze and estimate the total dollar amounts likely to be required to meet all of these future personal objectives. Will you have enough to do everything you want to? When do you see yourself wanting to leave the business? How much money do you want or need for total personal financial independence?

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