Assessment Answer Guide Diploma Of Man

Topics: Working time, Sales, Performance management Pages: 29 (4084 words) Published: December 9, 2014


Yes I can Manage

Assessment Task Answer Guide

BSB51107 Diploma of Management
BSBMGT502B Manage people performance
BSBFIM501AManage budgets and financial plans
BSBMBT515AManage operational plan

flexiblelearning.net.au
Acknowledgements
This is a Tasmanian E-learning Innovations project output, developed by the Pharmaceutical Society of Australia, with seed funding from the national training system's e-learning strategy, the Australian Flexible Learning Framework (Framework).

Project TeamYes I can Manage
Content WriterDorothy Lucardie
ReviewerTony Hughes
Instructional Designer Jenni Ireland
Project Manager Dorothy Lucardie

Copyright statement
This product has been produced on behalf of the national training system. It was funded under the 2010 Australian Flexible Learning Framework administered by the Commonwealth of Australia. © Commonwealth of Australia 2010

The views expressed in the copyright work do not necessarily represent the views of the Commonwealth of Australia. This work is copyright and licensed under the AEShareNet Share and Return Licence (AEShareNet–S Licence). The onus rests with you to ensure compliance with the AEShareNet-S Licence and the following is merely a summary of the scope of the Licence.

Use of this work for purposes other than those indicated above, requires the prior written permission from the Commonwealth. Requests and notification of the distribution of Enhanced Versions should be addressed to Training Copyright, Department of Education, Employment and Workplace Relations, GPO Box 9880 Canberra City, ACT, 2601 or email copyright@training.com.au. Disclaimer

The Commonwealth, through the Department of Education, Employment and Workplace Relations, does not accept any liability to any person for the information or advice (or the use of such information or advice) which is provided in this material or incorporated into it by reference. The information is provided on the basis that all persons accessing this material undertake responsibility for assessing the relevance and accuracy of its content. No liability is accepted for any information or services which may appear in any other format. No responsibility is taken for any information or services which may appear on any linked websites.

Contents

Introduction4
Units of competency4
Answer guide5

Introduction
This guide has been developed to assist assessors who are using the e learning integrated assessment tool for three core units of the Diploma of Management. The assessment tool should be used in conjunction with the assessment plan but can be adapted according to the needs of the candidate. Guidance is supplied for all scenarios. Answers will differ according to the scenario chosen. Assessors should use the supporting documentation supplied when assessing the answers supplied by candidates.

Units of competency
BSBMGT502B Manage people performance
BSBFIM501AManage budgets and financial plans
BSBMBT515AManage operational plan

Answer Guide
1. You wish to expand your business into another town/suburb in order to increase your profit margins. a) What are the risks?

Answers could include:
Financial loss
Time commitments
New markets
Competition
New staff

b) Who could provide advice to mitigate the risks?

Answers could include:
Accountants
Local government
Professional associations
Consultancy firms

c) What specialist advice do you need?

Answers could include:
Local planning
Marketing
Recruitment
Finance

d) Develop a contingency plan to monitor and address these risks.

Contingency plans should include:
Risks
Probability of occurrence
Impact if the risk did occur
How the risks are to be monitored
Strategies to address the risk or it’s occurrence.

2. In order to undertake this expansion you need to plan
a) Use the template provided to develop an operational plan to meet...
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