Course Title: Develop and implement a business plan
Part B: Course Detail
Teaching Period: Term2 2020
Course Code: BUSM6247C
Course Title: Develop and implement a business plan
School: 650T Vocational Business Education
Campus: City Campus
Program: C6140 - Advanced Diploma of Business (Public Relations)
Course Contact: Felicity Burns
Course Contact Phone: +61 3 9925 5486
Course Contact Email: felicity.burns@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Nominal Hours: 60
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This unit describes the skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBMGT617A Develop and implement a business plan |
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Element: |
1.Develop business plan
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Performance Criteria: |
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Element: |
2. Monitor performance
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Performance Criteria: |
2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes 2.2 Ensure skilled labour is available to implement plan 2.3 Test performance measurement systems and refine, if necessary 2.4 Ensure timely reports on all key aspects of the business are available, user‑friendly and balanced in terms of financial and non‑financial performance 2.5 Report system failures, product failures and variances to the business plan as they occur |
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Element: |
2. Monitor performance |
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Performance Criteria: |
2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes 2.2 Ensure skilled labour is available to implement plan 2.3 Test performance measurement systems and refine, if necessary 2.4 Ensure timely reports on all key aspects of the business are available, user‑friendly and balanced in terms of financial and non‑financial performance 2.5 Report system failures, product failures and variances to the business plan as they occur |
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Element: |
3. Respond to performance data |
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Performance Criteria: |
3.1 Analyse performance reports against planned objectives 3.2 Review performance indicators and refine if necessary 3.3 Ensure groups and individuals contributing to under‑performance are coached, and provide training where appropriate 3.4 Review system processes and work methods regularly as part of continuous improvement |
Learning Outcomes
Details of Learning Activities
This course is structured to provide you with the optimum learning experience. A range of learning activities are provided during the semester and are designed to enhance learning and understanding of the topics.
You will be required to participate in a combination of group and individual learning activities. These activities will be provided through classroom work time and additional learning activities will be provided to you to complete outside of the scheduled class time.
A range of in class activities, case studies and independent research is included as the learning activities for this course. We expect you to participate and contribute in all scheduled learning activities.
The learning activities will also include group discussion, group problem solving activities and opportunities to practice your skills in a simulated workplace environment.
Teaching Schedule
Week |
Week Commencing |
Topics |
Assessment |
1 |
6 Jul |
Course overview Develop a Business Plan |
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2 |
13 Jul |
Business Profile/ Introduction to Business Plan |
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3 |
20 Jul |
Understanding the business |
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4 |
27 Jul |
Assignment 1 workshop
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Assignment 1 Due: 2 Aug Sun 11.59pm |
5 |
3 Aug |
Industry Analysis |
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6 |
10 Aug |
Market Analysis |
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7 |
17 Aug |
Competitive Analysis |
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8 |
24 Aug |
Marketing plans |
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31 Aug – 6 Sep. 2020 Mid-semester break
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9 |
7 Sep |
Assignment 2 workshop
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Assignment 2 Due: 13 Sep Sun 11.59pm |
10 |
14 Sep |
Operating Plan: Production |
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11 |
21 Sep |
Operating Plan: Purchasing Plan |
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12 |
28 Sep |
The Management Plan |
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13 |
5 Oct |
Financial Plan |
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14 |
12 Oct |
Implement, monitor and measure performance |
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15 |
19 Oct |
Assignment 3 workshop
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Assignment 3 Due: 25 Oct Sun 11.59pm |
16 |
26 Oct |
Resubmission of assessments |
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17 |
2 Nov |
Final Resubmissions |
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Learning Resources
Prescribed Texts
References
Other Resources
All learning materials will be provided in CANVAS.
Overview of Assessment
Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical assessments, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.
Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met. Students will be provided with feedback throughout the course to check their progress.
Assessment Tasks
Assessment 1
Task Name: Business Plan Development
Duration and/or due date: This assessment task is to be completed by week 4 (2 Aug., Sunday 11.59pm) of commencing this unit.
Summary and Purpose of Assessment
This project is the first of three assessment tasks you need to complete satisfactorily, in order to be deemed competent for this unit. Completing this project allows you to demonstrate your ability to run a business operation and covers the steps required to develop and implement a business plan.
Assessment Instructions
You must document a business plan for a business idea or activity.
What
You are required to submit a written business proposal (using the template supplied) which will be an overview of a business idea. The business idea could be something you have worked on in other classes, or be a new activity, department or similar within an existing business.
Assessment 2
Task Name: Business Plan Implementation
Duration and/or due date: This assessment task is to be completed by week 13 (13 Sep., Sunday 11.59pm) of commencing this unit.
Summary and Purpose of Assessment
This project is the second of three assessment tasks you need to complete satisfactorily, in order to be deemed competent for this unit. Completing this project allows you to demonstrate your ability to run a business operation and covers the steps required to develop and implement a business plan.
Assessment Instructions
You must implement the business plan from AT1 and report on performance.
What
This task follows on from Assessment Task 1.
You must now implement your accepted business plan by communicating the requirements to stakeholders, planning for labour, undertaking performance management using appropriate systems and reporting on the outcomes.
You will need to address the criteria in the Marking Guide at Section B of this assessment. You should use this to plan and carry out all activities and identify what needs to be recorded, collated and submitted to your assessor for review.
Assessment 3
Task Name: Business Plan Report
Duration and/or due date: This assessment task is to be completed by week 15 (25 Oct., Sunday 11.59pm) of commencing this unit.
Summary and Purpose of Assessment
This project is the third of three assessment tasks you need to complete satisfactorily, in order to be deemed competent for this unit. Completing this project allows you to demonstrate your ability to run a business operation and covers the steps required to develop and implement a business plan.
Assessment Instructions
You must monitor your business plan implementation activities to identify opportunities for improvement.
What
This task follows on from Assessment Tasks 1 and 2.
You must collate a portfolio of evidence to address the criteria in the Marking Guide at Section B of this assessment.
You will need to continue to implement and embed your business plan within your business context and track your progress against the plans as you do so. You will use this information to:
- Undertake different types of monitoring activities
- Improve the performance of the human resources and stakeholders involved in the activity
- Identify ways to improving, and undertaking the improvement, of the plans, schedules, communications and other aspects of the business plan.
- Analyse your own performance in business planning and implementation to identify ways to improve performance in the future.
You will need to collect, analyse and interpret a range of information and make assumptions, where necessary, to complete these tasks. Where assumptions are necessary, you must indicate this in your findings.
Collate your collected documents into a single PDF for submission, using labelling to indicate where each criteria is addressed.
Assessment Matrix
The assessment matrix that maps all the assessment is available on CANVAS.
Submission Requirements
You should:
- Ensure that you submit assessments on or before the due date. Non submission without supporting evidence such as ELP or special consideration will mean a result of Did Not Submit (DNS)
- Always retain a copy of your assessment tasks. (hard copy and soft copy)
- When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
- Each page of your assessment should include footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Other Information
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
Where an extension of greater than seven days is needed, you must apply for Special Consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmissions:
If you are found to be unsuccessful in a particular Course Assessment Task (or you do not submit/attend) you will be allowed one resubmission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Grading & re-submissions
Successful re-submissions will contribute a CA (Competency Achieved) result to your overall grade for the course.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which the assessment arrangements might be granted please access the following website:
Marking Guide (Competency):
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit and you will achieve one of the following grades:
Final Grades table
CA |
Competency Achieved |
NYC |
Not Yet Competent |
DNS |
Did Not Submit |
Further information regarding the application of the grading criteria will be provided by your teacher.
Other information:
Academic Integrity
Plagiarism
Plagiarism is a form of cheating in assessment and may occur in oral, written or visual presentations. It is the presentation of the work, idea or creation of another person, without appropriate referencing, as though it is your own.
The penalties for cheating in assessment are severe, whether the cheating involves plagiarism, fabrication, falsification of data, copyright infringement or some other method. Penalties can include charges of academic misconduct, cancellation of results and exclusion from your course. It is also a disciplinary offence for you to allow your work to be plagiarised by another student.
Referencing
RMIT Business produce their own referencing guidelines entitled written reports and essays: guidelines for referencing and presentation in RMIT Business which all Business students should use.
RMIT Business referencing guidelines (RTF, 1,286 KB, 52 pages). A supporting Referencing website has been developed for the RMIT Business guidelines. You can find out more about Academic Integrity at RMIT Academic Integrity webpage.
Group Assessment
A number of your assessments will rely upon group work. This is a critical part of your program as in the workplace you will be regularly required to work in a team environment. Teamwork is also one of the key employability skills for this qualification.
The key to being successful in group work is getting to know your classmates and finding out what they want to achieve. You should seek to find a team which shares your key interests and drivers.
If you are facing issues with your group, the key is to resolve them quickly well before assessments are due. If you need to you can seek support from your teacher.
Course Overview: Access Course Overview