Unit of competency Outline

Date retreived
23/07/2026 5:43 AM AWST

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Monitor and review business performance

Monitor and review business performance

Unit of competency
National Code
AHCBUS507
State Code
BAP50
TGA Status
Replaced
DTWD Status
Transition (Replaced)
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080321 - Farm Management And Agribusiness
Original Release Date
12/01/2017
Nominal Hours
40
Description
This unit of competency describes the skills and knowledge required to monitor and review business performance.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.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.No occupational licensing, legislative or certification requirements are known to 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 Evaluate 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
No information
No information
Replaces
State Code National Code Title Type
D6745 AHCBUS507A Monitor and review business performance Unit of competency
Replaced By
State Code National Code Title Type
OBK27 AHCBUS517 Monitor and review business performance Unit of competency