Unit of competency Outline

Date retreived
22/07/2026 4:33 AM AWST

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Develop and review a business plan

Develop and review a business plan

Unit of competency
National Code
AHCBUS506A
State Code
D6744
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
080301 - Business Management
Original Release Date
25/06/2014
Nominal Hours
50
Description
This unit covers developing and reviewing a business plan and defines the standard required to: set strategic goals, targets and directions for the enterprise; determine clear and measurable indicators of operational performance; identify and design risk management and mitigation strategies; develop appropriate operational plans; document the business plan; monitor the business plan to identify strengths, weaknesses and areas for improvement.
Notes
Elements and Performance Criteria
1. Determine scope
  • 1.1. Scope of the business plan and associated systems is determined in consultation with key and specialist personnel.
  • 1.2. Accurate information is accessed to inform business plan development.
  • 1.3. Trends and seasonal variations are accounted for and incorporated into the business plan.
  • 1.4. Strategic goals, targets and directions of the enterprise are accounted for in the development of the business plan.
  • 1.5. Legal obligations are understood and complied with in developing the business plan.
2. Prepare business plan
  • 2.1. Operational goals and targets that enhance opportunities to meet the enterprise strategic plan are developed.
  • 2.2. Supply chains are identified and incorporated into the business plan.
  • 2.3. Risk management needs are identified and addressed within the business plan.
  • 2.4. Trial systems are incorporated in order to test budgetary impact and operational potential prior to full implementation of the business plan.
  • 2.5. Indicators of operational performance are clear and measurable and allow for realistic analysis of performance.
3. Document and review business plan
  • 3.1. Fiscal and operational systems that enhance performance management and suit enterprise requirements are included.
  • 3.2. Resource considerations are incorporated into the business plan.
  • 3.3. Business plan is accurately documented and clearly communicated to all relevant parties.
  • 3.4. Performance against the business plan is monitored to identify strengths, weaknesses and areas for improvement.
  • 3.5. Recommendations to improve the business plan and associated systems are made as required.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Business plans may include:
the goals and targets for the business plan which may be short, medium or long term and may relate to marketing and production targets
resource and asset development and management, acquisitions
capital
property improvements
operational systems.
Operational goals and targets may include:
link directly to the enterprise strategic plan and also to Occupational Health and Safety (OHS), environment, quality and customer/market satisfaction key result areas.
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
Competence in developing and reviewing a business plan requires evidence that demonstrates ability to scope the business plan and determine key objectives and targets. 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:
set strategic goals, targets and directions for the enterprise
determine clear and measurable indicators of operational performance
identify and design risk management and mitigation strategies
develop appropriate operational plans
document the business plan
monitor the business plan to identify strengths, weaknesses and areas for improvement.
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
S3479 RTE5902A Develop and review a business plan Unit of competency
Replaced By
State Code National Code Title Type
BAS61 AHCBUS506 Develop and review a business plan Unit of competency