Manage operational plan Assessment Answer Booklet -Task 1.docx - BSBMGT517 Manage operational plan Assessment Answer Booklet-Task 1 Task 1 Written

Manage operational plan Assessment Answer Booklet -Task 1.docx

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BSBMGT517 Manage operational plan Assessment Answer Booklet -Task 1
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Task 1: Written Questions 1. Explain the purpose of a Strategic Plan and an Operational Plan, and the role of anOperational Plan in achieving the organisation’s objectives.2. Outline the information that is usually included in an Operational Plan.3. Explain a typical process for developing an Operational Plan.4. Explain the purpose of a budget.5. Explain a typical budgeting process.6. Explain the purpose of key performance indicators.7. Discuss four approaches to developing key performance indicators.8. Discuss the concept of a balanced scorecard as an alternative approach tomeasuring business performance through key performance indicators.9. Explain the concept of benchmarking as a way of assessing businessperformance.10. Provide a definition of a PCBU and outline their key responsibilities.11. Outline the aim and scope of the Fair Work Act 2009. ANSWERS:
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