Medium risk of loss of ip ownership if a relationship

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medium risk of loss of IP ownership if a relationship with the website developer contract ceaseslow level risk of not complying with WHS legislation through lack of risk assessment conducted on potential musculoskeletal disorders resulting from poor customer service workstation design medium risk of wastage due to overstocking product in anticipation ofincreased online sales.All additional costs associated with contingency planning will be approved in accordance with BBQfun policies and procedures.© Innovation and Business Industry Skills Council Ltd 1stedition version: 2Page 21 of 20
Assessment Task 1BSBMGT517 Manage operational planBudget summary BBQfun 2013–2014 Approved budget by activities tobe undertakenIncome:Sales$11,000,000Barbecues and related equipment.Investment income$1,567,000Real estate investment income and rental of office space.Cost of goods sold (COGS)($5,890,000)Cost of provision of goods, purchase of stock, distribution.Gross profit $6,677,000Gross profit.Expenses:Wages, salaries and on costs$2,567,890Wages, salaries, superannuation,work cover insurance, payroll tax.Consultancy fees$50,000Project management: WHS management system; change management.Communication expenses$42,000Telephone, ISP costs, IT support.Marketing $920,000Cost of staff travel and associated costs for sales, etc.Premises expenses$1,000,000Rent, electricity, maintenance, cleaning.Insurance$120,000Liability insuranceDepreciation and amortisation$177,569Computers and capital equipment that is depreciated. Office supplies$65,068Printing and stationery, postage,amenities.Training$62,187Sales training: leadership, WHS, ethical/legal training.Total expenses$5,004,714© Innovation and Business Industry Skills Council Ltd 1stedition version: 2Page 22 of 20
Assessment Task 1BSBMGT517 Manage operational planNet profit$1,672,286Net income before tax.Operations General operating hours BBQfun operates Monday to Friday from 9 am to 5 pm. BBQfun will be operational year-round except legislated holidays. Human resourcesPat Mifsud, CEOPat is responsible for working with the Board of Directors to oversee the business, set overall strategic directions, manage risk, and authorise large financial transactions.Riz Mehra, Chief Financial OfficerRiz is responsible for preparing quarterly financial statements and overall budgeting. Riz is also responsible for overseeing budgets for costcentres and individual projects. At completion of financial quarters and at the end of projects, Riz is responsible for viewing budget variation reports and incorporating information into financial statements and financial projections.Kim Chen, Operations General ManagerKim is responsible for the day-to-day running of the company. Kim oversees the coordination of all operations. Kim is responsible for sponsoring projects that affect operations of the organisation as a whole. Kim works with the HR Manager to coordinate systems and projects to achieve company-wide synergy.

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