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Marking: SatisfactoryNot Yet SatisfactoryQuestion 10Explain how financial information can help you to identify under-performance.Suggested length/formatRelevant resources1-2 sentences/dot pointse-book pp 73-82Answer:Financial information can help you identify under performance by determine the financial health of the organization, provide evidence to address a range of issues and questions about the organization. Marking: SatisfactoryNot Yet SatisfactoryModified on:15 November 2016Modified by: J LozaritaAuthorised by:Bryan WestFilename:YYYY_MMM_DD_YOURNAME_BSBMGT517_Assessment_WorksheetReview Date: November 2017Version2.512
Assessment Worksheet: BSBMGT517 Manage operational planQuestion 11Describe two methods that you could use to ensure that resources are used effectively, safely and economically.Suggested length/formatRelevant resources4-8 sentences/dot pointse-book pp 82-88Answer:Coaching Coaching generally refer to one on one, but also can be applied to a team, the person who is coaching engages with the employees to provides training, feedback and overall for a better outcome/performance.MentorMentoring involves two people, one usually more senior staff and the person being mentored is usual junior staff.Marking: SatisfactoryNot Yet SatisfactoryQuestion 12Former Prime Minister Paul Keating once said that economics was like driving full speed ahead with only the rear vision mirrors to guide you. When it comes to operational planning, why is it important that we keep very good records of what we do, and what can happen if we do not keep good records?Suggested length/formatRelevant resources4-8 sentences/dot pointse-book pp 82-91Modified on:15 November 2016Modified by: J LozaritaAuthorised by:Bryan WestFilename:YYYY_MMM_DD_YOURNAME_BSBMGT517_Assessment_WorksheetReview Date: November 2017Version2.513
Assessment Worksheet: BSBMGT517 Manage operational planAnswer:Its important to keep records because the procedure and documentation can be used for comparing against the target that are part of the operational plan.Not keeping a good record you may have to pay extra taxes if you dont have the receipts to claim businesstax returns. Also inability to protect the business from theft, without the right paperwork and records to justify your claim you wont be able to suit someone for copyright or patent infringements.Marking: SatisfactoryNot Yet SatisfactoryModified on:15 November 2016Modified by: J LozaritaAuthorised by:Bryan WestFilename:YYYY_MMM_DD_YOURNAME_BSBMGT517_Assessment_WorksheetReview Date: November 2017Version2.514
Assessment Worksheet: BSBMGT517 Manage operational planYou only need to complete one Project.If you do not currently have access to a workplace, or if it wouldn’t be appropriate to complete the Projectin your workplace, please complete Project Part B: Managing an operational plan at BizOps Enterprises,which contains a simulated workplace.