BSBMGT517 Manage Operational Plan
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Manage Operational Assessment Task 4: Monitor and Review Operational Performance
Submission Detailed of Assessment
The assessment task is due on the date specified by your assessor. Any variations to this arrangement must be approved in writing by your assessor.
Save your completed work with the following naming procedure:
Name_studentID_UnitCode_TaskNumber (e.g. JohnSmith_123456_BSBSUS501_T1)
Submit your assessment to WSC Moodle.
Purpose of the Assessment
This task provides you with the opportunity to demonstrate that you have the skills and knowledge to monitor and review operational performance.
Manage Operational Assessment Description
This assessment task requires you to monitor and review the operational performance for King Edward VII College and provide a report to the CEO.
Instructions
Carefully read the following information:
Assume that both new campuses are now in operation, and Performance Information is now available for review.
You have been asked to provide a report on the new campuses’ performance to date.
The operational performance report should include a review of the costs associated with electricity, office supplies, and water, as a means of assessing the company’s use of resources.
Complete the following activities:
- Write an operational performance report.
Analyse the Performance Information (Appendix 1 of this Assessment Task) relating to the new campuses.
Based on your analysis of the Performance Information, develop a short report to the CEO that includes the following:
A financial performance analysis that Calculates the net profit or loss for each campus Compares the performance of each campus Outlines financial performance based on the profit and loss figures
Calculations of variances between actuals and budgeted expenses, noting that variances of up to and including 10% are acceptable, and do not need to be reported on.
Suggested variances to the Operational Plan.
Use the Operational Performance Report Template to guide your work (Appendix 2 of this Assessment Task).
- Develop a procedure that could be used to assess progress in achieving profit and productivity plans and targets.
- Draft an internal memo to all staff.
Based on your review of the expenditure on energy usage as documented in the Operational Performance Report, develop and send a memo to all staff with regard to effective and economical use of resources.
The purpose of the memo is to coach staff in using resources wisely, so you should include at least 10 simple actions that all staff can follow to conserve energy.
You may use the following publication to identify suitable ideas.
http://yourenergysavings.gov.au/guides/work-what-can-we-do
- Develop a policy to ensure that mentoring and coaching are provided to support individuals and teams to effectively, economically and safely use resources.
- Take a screen shot of your folder and files.
The final part of this assessment requires you to demonstrate that you can file all of your records in a logical structure.
Ensure that you have an overall folder for your work, as well as sub folders if necessary.
All of the documents you have submitted for this assessment should be correctly named and filed. The screen shot should show all the folders and documents.
- Develop a system to ensure that procedures and records associated with documenting performance are managed in accordance with organisational requirements. Write a brief outline and explanation of the system you have devised.
What your assessor will be looking for as evidence:
Evidence checklist:
| Evidence MUST be submitted | Tick off Items When Submitted |
| · Operational performance report | |
| · Procedure to assess progress | |
| · Internal memo | |
| · Policy about mentoring and coaching | |
| · Screen shot of filing system | |
| · Outline of system for management of performance related documents and procedures |
Your assessor will be looking for:
- Reading skills to identify and interpret information from organisational documentation
- Writing skills to address context, purpose and audience when creating documents and communications
- Numeracy skills to recognise and interpret numerical information related to timeframes and budgets
- Get the work done skills to take responsibility for developing and implementing systems and processes to achieve organisational objectives
Appendix 1 Performance Information
King Edward VII College
Profit and Loss six months to Dec 2020 Sydney
| Income | Budget | Actual |
| Sales | $450,000 | $475,000 |
| Expenses | ||
| Electricity and gas | $1,500 | $3,000 |
| Internet | $1,000 | $1,100 |
| Office supplies | $700 | $1,200 |
| Rent | $225,000 | $220,000 |
| Stationary | $800 | $1,300 |
| Wages and salaries | $115,000 | $117,000 |
| Superannuation | $15,000 | $16,000 |
| Travel and accommodation | $2,500 | $2,700 |
| Water | $2,000 | $2,600 |
| Work cover insurance | $900 | $900 |
| Total expense | ||
| Net Profit |
Profit and Loss six months to Dec 2020 Brisbane
| Income | Budget | Actuals |
| Sales | $350,000 | $410,000 |
| Expenses | ||
| Electricity and gas | $1,200 | $2,800 |
| Internet | $1,100 | $1,100 |
| Office supplies | $650 | $1,300 |
| Rent | $185,000 | $190,000 |
| Stationary | $700 | $1,250 |
| Wages and salaries | $115,000 | $117,000 |
| Superannuation | $15,000 | $16,000 |
| Travel and accommodation | $2,100 | $2,300 |
| Water | $1,900 | $2,100 |
| Work cover insurance | $870 | $870 |
| Total expense | ||
| Net Profit |
Appendix 2 Operational Performance Report Template
King Edward VII College
Profit and Loss six months to Dec 2020 Sydney
| Income | Budget | Actual | Variance |
| Sales | |||
| Expenses | |||
| Electricity and gas | |||
| Internet | |||
| Office supplies | |||
| Rent | |||
| Stationary | |||
| Wages and salaries | |||
| Superannuation | |||
| Travel and accommodation | |||
| Water | |||
| Work cover insurance | |||
| Total expense | |||
| Net Profit |
Profit and Loss six months to Dec 2020 Brisbane
| Income | Budget | Actuals | Variance |
| Sales | |||
| Expenses | |||
| Electricity and gas | |||
| Internet | |||
| Office supplies | |||
| Rent | |||
| Stationary | |||
| Wages and salaries | |||
| Superannuation | |||
| Travel and accommodation | |||
| Water | |||
| Work cover insurance | |||
| Total expense | |||
| Net Profit |
Financial performance analysis
Describe and give reasons for all profit and loss amounts.
Variances
Describe and give reasons for all variances.
Variance to Operational Plan
Describe suggested variances
Reference ID: #getanswers2001198