Project Portfolio

BSBOPS601 Develop and implement business plans

BSBOPS601 Develop and implement business plans Project Portfolio

Contents

Section 1: Planning to develop a business plan

Section 2: Developing a business plan
Section 3: Implementing and monitoring a business plan

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BSBOPS601 Develop and implement business plans Project Portfolio

Student name:

Assessor:

Date:

Business this assessment is

based on:

Role assumed to complete

this assessment:

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BSBOPS601 Develop and implement business plans Project Portfolio

Section 1: Planning to develop a business plan

Provide an overview of your

business
What is the name of the business?
What are the main products,
services or programs of the
business?

Describe the legislative and

regulatory requirements relevant to
developing your business plan
(include at least one).
What is the legislation/regulatory
requirements called?
How are the legislation/regulatory
requirements relevant to your
business?
How are the legislation/regulatory
requirements relevant to yourself?

Describe the organisational

requirements relevant to developing
your business plan.
Are there any pre-existing strategic,
business and operational plans?
What is the business’ vision?
What is the business’ mission?
What are the business’ values?
What are the objectives and goals of
the business?
What are the financial targets of
your business?
What are the management
arrangements/organisational
structure of your business? (use a
diagram and/or words to answer)

What is your business’ current

marketing strategies?

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BSBOPS601 Develop and implement business plans Project Portfolio

Attach proof of the existing

plans/organisational requirements
to this section of your portfolio.

Research the market requirements

for your business’
products/services/programs (include
mathematical information in your
research).
What does the market want?
What is an acceptable price point?
What are the quality expectations?
Are there opportunities for different
quality/price point options?
What are other market
requirements?
Attach proof of your
research/information sources to this
section of your portfolio (e.g.,
websites, surveys etc.)

Research information relevant to the

competitors of your business and
business plan (include at least one
competitor and include
mathematical information in your
research).
Who are your competitors?
What are your competitors’ business
models/approaches?
What is your competitors’ market
position and brand awareness?
What are the geographic locations
of your competitors?
What is the pricing of your
competitor?
What is your competitors’ sales
channels?
Attach proof of your
research/information sources to this

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BSBOPS601 Develop and implement business plans Project Portfolio

section of your portfolio.

Research other industry-related

information
What are industry trends?
What are marketing trends?
Attach proof of your
research/information sources to this
section of your portfolio (e.g.,
websites, surveys etc.)

Analyse your business (consider the

research you’ve done on the vision,
mission, values, objectives, goals,
competitors, financial targets,
management arrangements and
marketing approaches).
What are the strengths of your
business?
What are the weaknesses of your
business?
Are there any opportunities for
improvement?
What are the existing or future
threats to your business?
Note: You may use any method of
analysis suitable to the information
you researched instead of the
questions above.

Attach: Existing plans/organisational requirements ☐

Proof of competitor, market and industry research ☐

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Section 2: Developing a business plan

Complete the next section before meeting with relevant stakeholders.

Plan to meet with relevant

stakeholders (at least two)
Who will you meet with?
What will you discuss?
How will you demonstrate
your ability to:
 lead others

 facilitate group
interaction

 influence the direction of

the outcomes
 present information/seek
advice?

Complete the next section after you’ve met with relevant stakeholders.

Develop performance objectives

and measures for your business
plan.
What are the key result areas
(at least three)?
What are the productivity and
performance targets (include at
least one financial indicator
such as revenue)?
How will they be
measured/monitored?

Identify any licence or permit

requirements to be included in
your business plan.

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Describe your proposed

marketing strategy.

Identify financial, human and

physical resource requirements
for your business plan (at least
one each).
What financial resources are
required to achieve the
performance objectives?

What human resources are

required to ensure the success
of your business?
What other physical resources
are necessary for your business
plan to succeed?

Use the work done in this

section to develop a formal
written business plan.
Note: Use appropriate business
language and terminology. You
will be assessed on this.
Make sure your business plan
includes:

 a description of the
business
 products/services/
programs

 performance objectives
and measures (including
financial indicators)

 financial, physical and

human resource
requirements

 regulatory requirements

 marketing strategy

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 productivity and
performance targets for
key result areas
Attach your business plan to
this section of your portfolio.

Attach:
Business plan ☐

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Section 3: Implementing and monitoring a business plan

Communicate your business plan

to all relevant stakeholders.
Note: You may communicate in
any appropriate manner as long
as it meets the requirements in
the project portfolio and adheres
to any organisational policies
and procedures (e.g., internal
communications policy). You may
need to communicate in different
ways to different stakeholders.
For example, a face-to-face
presentation may be required to
present the business plan to the
executive team, and a
promotional video clip may be
used to communicate the plan to
other office employees.
Who will you communicate to?
How will you communicate (e.g.,
face-to-face at a team meeting,
email summary, poster)?
If not already viewed in person
by your assessor, attach proof of
your communication to this
section of your portfolio (e.g.,
video recording of team meeting
or promotional video clip).

Confirm that skilled labour is

available to implement the plan.
Note: Confirmation can take
place in any appropriate format
(e.g., draft email to HR or other
managers confirming employee
availability, or a screenshot of a
project plan showing skilled
labour availability) as long as it
adheres to relevant
organisational policies and

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procedures. Confirmation may

take place as part of the
communication in the previous
step.

What skilled labour is required?

What skilled labour is already
available?
What skilled labour must still be
recruited?
Attach proof of your confirmation
to this section of your portfolio
(e.g., Email to HR or other
relevant managers confirming the
availability of existing employees
to implement the business plan,
verbal confirmation while
communicating the business plan
to stakeholders etc.).

Assume a period of time has passed.

Test the performance

measurement systems
associated with your business
plan.
Note: you have already
identified ways to monitor
performance objectives in
Section 2 of your project
portfolio.
What systems are in place to
test performance (e.g., job
descriptions, performance
reviews, income statements,
self-evaluations, induction
checklists, customer reviews
etc.)?
Choose one performance
measurement system and test it
(e.g., conduct a survey to staff
members to see whether their

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understanding of their job

description matches the actual
job description).
Attach proof of how you’ve
tested the system to this section
of your Project Portfolio (e.g.,
survey results).

Report failures (system, product

and/or services) and variances
to your business plan as they
occur.
Who will you report to?
How will you report the
failures?
Unless viewed in person by
your assessor, attach proof of
how you’ve reported the
failures/variances to this
section of your portfolio (e.g.,
email to CEO). Make sure your
proof shows that you’ve
responded promptly (e.g., dated
email etc., updated business
plan)

Refine performance
measurement systems (if
required).
If relevant, attach proof of how
you’ve refined the system to this
section of your portfolio (e.g.,
modified job description,
induction checklist, feedback
register,
training/mentoring/coaching).

Evaluate the legislative

compliance of your business.
Have the business activities and
your own actions complied with
legislative requirements?

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Evaluate the key aspects of your

business against the planned
objectives.
Note: If you are using the case
study, assume this evaluation
takes place three months after
the business plan has been
communicated to the directors.
How has the performance in key
aspects of the business
(identified in Section 2 of your
Portfolio) compared to the
objectives planned in your
business plan?

Refine performance indicators,

if required.
Are the performance indicators
(identified in Section 2 of your
Portfolio) realistic and
accurate? Refine if necessary.

Evaluate staff performance.

Are there any underperforming
staff members (at least one)?
How are they underperforming?

Coach underperforming staff (at

least one staff member).
Who will you coach?
Unless already viewed in
person by your assessor, attach
proof of a coaching session to
this section of your Portfolio
(e.g., video recording of
coaching).

Establish ongoing review

processes for the
underperforming staff member.
Attach proof to this section of

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your portfolio (e.g., flowchart

showing review process, review
policy and procedure,
performance review template
etc.).

Report on outcomes of your

business plan.
Who will you report to?

Report on key aspects and

objectives of the business.
What are the strengths and
weaknesses of your business
plan?
Note: Use the answers from the
questions already completed in
this section. Match the style of
your writing to the purpose and
audience. You will be assessed
on this.
Attach proof of your report to
this section of your portfolio.

Attach: Communication of business plan ☐

Confirmation of skilled labour availability ☐

Proof of refinement to performance measurement

☐
systems (if applicable)

Proof of reported failures and variances ☐

Coaching session ☐

Review process ☐

Report on business plan outcomes ☐

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