You will be assessed on the knowledge to describe models and methods for operational plans, explain the role of an operational plan in achieving the organisation’s objectives, explain budgeting processes, list alternative approaches to developing key performance indicators to meet business objectives, outline the legislative and regulatory context relevant to the operational plan of the organisation, and outline the organisation’s policies, practices and procedures that directly relate to the operational plan. PART B: OPERATIONAL PLAN PROJECT – 80% Using the Operational Plan Project templateprovided in this assessment, you are required tomanage the operational plan for an enterprise of your choice (within Australia)or use thesimulated organisational context of Woolworths Supermarket. You will be working progressively in developing and implementing an operational plan, communicateeffectively with relevant stakeholders to explain the plan and eventually develop and implementstrategies to achieve the operational plan within the organisation’s policies, practices and procedure.Whether you choose your own workplace or the simulated work environment, to demonstratecompetency you will need to complete several tasks following the exact structure as mentioned usingthe implementation project template. Operational Management, Assessment 1 v2 Last updated on 10/09/2019 Page 4
T-1.8.1_v3 PART A: KNOWLEDGE EVIDENCE – 20% This assessment comprises the knowledge evidence of the unit BSBMGT517. You are required to respond to the 5 (five) knowledge evidence questions that you must respond in order to be evaluated for the underpinning knowledge requirements attached to the unit. Use the provided spaces below each question to respond to the question. You can also find the related resources and learning materials in the subject e-learning page. Question 1. There are various models and methods used for organisational operationalplans. Describe three models and methods operational plans and explain how they areused. (3 marks)
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