Unit of competency Outline

Date retreived
22/07/2026 6:29 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Monitor and review business performance

Monitor and review business performance

Unit of competency
National Code
AHCBUS507A
State Code
D6745
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/06/2011
View on TGA
State Implementation and Classification
Approved Date
25/06/2014
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
25/06/2014
Nominal Hours
40
Description
This unit covers monitoring and reviewing business performance and defines the standard required: to gather and analyse data relating to enterprise performance; review operational structures to determine effectiveness; identify available resources to assess capacity; develop realistic performance indicators; review enterprise operations against performance indicators; plan to improve business performance by addressing results of review.
Notes
Elements and Performance Criteria
1. Evaluate commercial performance
  • 1.1. Data relating to enterprise performance is gathered and analysed to identify historical and current performance.
  • 1.2. Operational structures are reviewed and analysed to determine the suitability of organisational processes to enterprise objectives.
  • 1.3. Enterprise strengths and weaknesses are evaluated against market conditions to determine current and future capacities.
  • 1.4. Enterprise objectives are evaluated to identify variations and scope for future development.
2. Allocate and co-ordinate business resources
  • 2.1. Roles and responsibilities of personnel are identified and communicated.
  • 2.2. Resource requirements for enterprise are identified and costed using standard financial analysis techniques.
  • 2.3. Costs of ensuring sustainability of enterprise operations are calculated and factored into business planning for the enterprise.
3. Identify performance requirements
  • 3.1. Performance indicators are developed and are realistic within available timeframes and resources.
  • 3.2. Factors inhibiting performance against objectives are identified and minimised.
  • 3.3. Market conditions are monitored and assessed based on relevant data and assumptions that are transferable and justifiable.
  • 3.4. Strategies and programs to promote the sustainability of operations are prepared and incorporated into enterprise procedures.
4. Review business performance
  • 4.1. Enterprise operations are regularly reviewed to identify opportunities for improvements in performance.
  • 4.2. Impact of natural conditions on enterprise are monitored and anticipated to assess sustainability of resource use.
  • 4.3. Costs and estimates are compared with resource allocation.
  • 4.4. Operational plans are reviewed to determine schedule of activities.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Data that may be gathered for analysis may include::
sales figures
expected revenues
expenditures
attributable costs
market share figures
trends in consumer purchases
borrowing costs
transport costs
delivery times.
The operational structures that may be included for review and analysis include:
management processes
reporting arrangements
decision-making authorities
financial accounting procedures
promotional activities
operational resources.
Factors in market conditions that may be considered include:
product and service demand
availability of funds
cost of financing
supplier costs
delivery constraints
availability of substitutes
competitors.
Standard financial analysis techniques may include:
cost benefit analysis
'what if?' analyses
time series and trend
expenditure and revenue ratios
break-even analysis
accounting standards
cash flow schedules.
The indicators of business performance may include:
sales targets
revenue estimates
waste reduction
erosion replacement and reversal
environmental sustainability
variable cost ratios
investment returns
diversification.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
gather and analyse data relating to enterprise performance
review operational structures to determine effectiveness
identify available resources to assess capacity
develop realistic performance indicators
review enterprise operations against performance indicators
plan to improve business performance by addressing results of review.
Context of and specific resources for assessment
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.
Replaces
State Code National Code Title Type
S3573 RTE5906A Monitor and review business performance Unit of competency
Replaced By
State Code National Code Title Type
BAP50 AHCBUS507 Monitor and review business performance Unit of competency