Unit of competency Outline

Date retreived
22/07/2026 5:02 AM AWST

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Monitor and review business performance

Monitor and review business performance

Unit of competency
National Code
AHCBUS517
State Code
OBK27
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/10/2019
View on TGA
State Implementation and Classification
Approved Date
28/01/2020
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
28/01/2020
Nominal Hours
40
Description
This unit of competency describes the skills and knowledge required to monitor and review business performance.This unit applies to individuals who take personal responsibility and exercise autonomy in undertaking complex work. They must analyse information and exercise judgement to complete a range of advanced skilled activities in relation to monitoring and reviewing the performance of a business.All work must be carried out to comply with organisational requirements, work health and safety legislation, sustainability practices and codes and in consultation with the management team.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify performance requirements
  • 1.1 Develop realistic performance indicators within available timeframes and resources
  • 1.2 Identify and minimise factors inhibiting performance against objectives
  • 1.3 Identify and assess market conditions based on relevant data and transferable and justifiable assumptions
  • 1.4 Identify capacity to promote the sustainability of operations and incorporate into enterprise procedures
2. Evaluate enterprise performance
  • 2.1 Gather and analyse data relating to enterprise production and financial performance to identify historical and current performance
  • 2.2 Review and analyse operational structures to determine the suitability of organisational processes to enterprise objectives
  • 2.3 Evaluate enterprise strengths and weaknesses against market conditions to determine current and future capacities
  • 2.4 Monitor impact of natural conditions on enterprise performance
  • 2.5 Assess sustainability of resource use
  • 2.6 Monitored performance against enterprise objectives to identify variations and scope for future development
3. Review business performance
  • 3.1 Review business operations to identify opportunities for improvements in performance
  • 3.2 Review business financial performance to identify opportunities for improvement
  • 3.3 Review business marketing performance to identify opportunities for improvement
  • 3.4 Review business risk management performance to identify opportunities for improvement
  • 3.5 Document opportunities for improvement
No information
No information
Replaces
State Code National Code Title Type
BAP50 AHCBUS507 Monitor and review business performance Unit of competency