2 Describe how operational plans are developed through the basic strategic

2 describe how operational plans are developed

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2. Describe how operational plans are developed through the basic strategic planning approach.3. Describe how operational plans are developed through the goal-based planning approach.4. Describe how operational plans are developed through the alignment planning approach.
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ILSC Business College:BSBMGT517 AssessmentVersion 2.1017Page 5 of 145. Describe how operational plans are developed through the scenario planning approach.6. List alternative approaches in developing key performance indicators to meet businessobjectives.7. Explain what is meant by the budgeting term ‘forecast income’.8. List the main expenditure categories included in a budget.
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ILSC Business College:BSBMGT517 AssessmentVersion 2.1017Page 6 of 149. Explain what is meant by the term ‘cash flow’.
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ILSC Business College:BSBMGT517 AssessmentVersion 2.1017Page 7 of 14TASK 3 – Project: Managing an operational plan at work PurposeYou will demonstrate your skills and knowledge by completing ascenario-based project.Task overview andcontextYou receive an email from Liz Hitchens, Marketing Manager.Subject: Operational planHello,I have been working through the requirements of the current BizOpsEnterprises operational plan (July–September). One of the line items,for which I have responsibility, is the purchase of delivery vans foreach of our retail outlets. I want you to take on the management ofthis specific part of the operational plan. You will report directly tome on this, but as it is a budget item with an allocation of $7.5million, all reporting and approvals will need to be approved bysenior management.Refer to the ‘project task Instructions’ section that follows for thetasks required to manage this part of the operational plan.Kind regards,Liz HitchensMarketing ManagerInstructionsPlease read the project overview and context carefully.To complete the project, you will be using the following BizOpsdocuments.See instructions in “Resources required” on how toaccess these.§Organisation operational plan§Organisational charts§Purchasing resource acquisition policy§Purchasing resource acquisition procedures§Information management policy§Information management procedures§Recruitment policyComplete all project tasks in the following section.You must complete the project unassisted by the assessor or otherpersonnel, but may collaborate with team members and refer toreference material as needed.All project criteria and instructions outlined must be coveredsatisfactorily for Task 3 to be completed satisfactory.
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ILSC Business College:BSBMGT517 AssessmentVersion 2.1017Page 8 of 14ResourcesrequiredThe following BizOps Enterprise plans, policies and procedures arerequired for this project to be completed.
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