Unit of competency Outline

Date retreived
22/07/2026 7:05 AM AWST

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Develop and review a business plan

Develop and review a business plan

Unit of competency
National Code
AHCBUS506
State Code
BAS61
TGA Status
Replaced
DTWD Status
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
080301 - Business Management
Original Release Date
12/01/2017
Nominal Hours
50
Description
This unit of competency describes the skills and knowledge required to develop and review a business plan.This unit applies to those whose role is to set the short, medium or long term goals and targets for the business plan and may relate to marketing and production targets, resource and asset development and management, acquisitions, capital, property improvements, and operational systems.All work must be carried out to comply with organisational requirements, work health and safety legislation and codes, sustainability practices 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. Determine scope of business plan
  • 1.1 Determine scope of the business plan and associated systems in consultation with key and specialist personnel
  • 1.2 Access information to inform business plan development
  • 1.3 Account for and incorporate trends and seasonal variations
  • 1.4 Account for strategic goals, targets and directions of the enterprise
  • 1.5 Ensure legal obligations are understood and compliance requirements identified
2. Prepare business plan
  • 2.1 Develop operational goals and targets that enhance opportunities to meet the enterprise strategic plan
  • 2.2 Ensure indicators of operational performance are clear and measurable and allow for realistic analysis of performance
  • 2.3 Identify and include resource requirements and input supply chain options
  • 2.4 Identify and incorporate human resource strategies
  • 2.5 Identify and incorporate marketing strategies
  • 2.6 Identify risks for the business and develop minimisation strategies
  • 2.7 Identify mechanisms to test budgetary impact and operational potential before implementation
3. Document and review business plan
  • 3.1 Include financial and operational systems that enhance performance management and suit enterprise requirements
  • 3.2 Document and communicate business plan to relevant parties
  • 3.3 Monitor performance against the business plan to identify strengths, weaknesses and areas for improvement
  • 3.4 Make recommendations to improve the business plan and associated systems
No information
No information
Replaces
State Code National Code Title Type
D6744 AHCBUS506A Develop and review a business plan Unit of competency
Replaced By
State Code National Code Title Type
OBK28 AHCBUS516 Develop and review a business plan Unit of competency