BSB617

Introduction

Purpose

This document provides necessary information to guide learners to undertake the assessment of the following unit.

· BSBMGT617 – Develop and implement a business plan

Unit summary and application

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.

It applies to individuals who are running an organisation or who take a senior role in determining the effective functioning and success of the organisation. As such, they may oversee the work of a number of teams and other managers.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Sector

Management and Leadership – Management

Pre-requisites

There are no recommended pre-requisite units for this unit.

ASSESSMENT INFORMATION for students

Throughout your training, Kingston Institute of Australia is committed to your learning by providing a training and assessment framework that ensures the knowledge gained through training is translated into practical on the job improvements.

You are going to be assessed for:

· Your skills and knowledge using written and observation activities that apply to the workplace or a simulated environment.

· Your ability to apply your learning.

· Your ability to recognize common principles and actively use these on the job.

All of your assessment and training is provided as a positive learning tool. Your assessor will guide your learning and provide feedback on your responses to the assessment materials until you have been deemed competent in this unit.

Assessment Process

The process we follow is known as competency-based assessment. To achieve competency in this unit, you need to consider the components of the training package and fulfill the assessment requirements. Some of the components are Elements, Performance Criteria, Performance Evidence, Knowledge Evidence and Assessment Conditions. For more details on components, please visit the following links and search for the unit using the unit code;

https://training.gov.au/Training/Details

In competency-based assessment, the evidence of your current skills and knowledge will be measured against national standards of best practice, not against the learning you have undertaken either recently or in the past. Some of the assessment will be concerned with how you apply your skills and knowledge in the workplace, and some in the training room as required by each unit.

The assessment tasks have been designed to enable you to demonstrate the required skills and knowledge and produce the critical evidence to successfully demonstrate competency at the required standard.

Your assessor will explain the assessment process and ensure that you are ready for assessment. Your assessment tasks will outline the evidence to be collected and how it will be collected, for example; a written activity, case study, or demonstration and observation.

If you have any special needs to be considered during assessment, changes can be made to the way assessment is undertaken to account for special needs and this is called making reasonable adjustment.

Reasonable Adjustments

The institute makes reasonable adjustments to assessments and assessment conducting process, to meet the special needs of identified students. Reasonable adjustments are made in such a way that the identified students do not use it to take extra advantage than other.

What if I believe I am already competent before training?

If you believe you already have the knowledge and skills to be able to demonstrate competency in this unit, speak with your trainer, as you may be able to apply for Recognition of Prior Learning (RPL).

Credit Transfer

Credit transfer is a recognition for study you have already completed. To receive Credit Transfer, you must be enrolled in the relevant program. Credit Transfer can be granted if you provide the institute with certified copies of your qualifications, a Statement of Attainment or a Statement of Results along with Credit Transfer Application Form. (For further information, please visit Credit Transfer Policy of the institute)

Assessor Responsibilities

Assessors need to be aware of their responsibilities and carry them out appropriately. To do this they need to:

· Ensure the students read and understand ‘Assessment Information for Students’ prior conducting the assessments.

· Ensure the students are assessed fairly based on the outcome of the language, literacy and numeracy review completed at enrolment.

· Ensure that all documentation is signed by the student, trainer, and assessor when units and certificates are complete, to ensure that there is no follow-up required from the administration perspective.

· Ensure that their own qualifications are current.

· When required, request the manager or supervisor to determine that the student is ‘satisfactorily’ demonstrating the requirements for each unit. ‘Satisfactorily’ means consistently meeting the standard expected from an experienced operator.

· When required, ensure supervisors and students sign off on third party assessment forms or third party report.

· Follow the recommendations from moderation and validation meetings.

WHS Guidelines

The institute seeks to ensure the health and safety of everyone in its workplaces. Meanwhile as a duty of care, all employees, students and visitors of the institute are to ensure their own and others health and safety while at the institute’s premises. Your trainer/assessor will inform you of the WHS guidelines that you should follow in and out of the classes and in the workplace environment.

How can I get resources to prepare for the assessments?

Resources	Description
Learner resource	You can get learner resource that contains detail explanation of the syllabus of the unit, from the Library or College Administration Office.
PPT slides	You can download PPT slides from your Moodle account or get it from the Trainer, upon request.
Additional Resources	You can get additional resources in the form of PDF files, URLs, Videos, etc. from the Moodle. Additional books and print outs are also available from the Library of the college.

How should I format my assessments?

You can download the document the institute’s ‘Style Guide’ from your Moodle account. The Style Guide has all instructions on how to format your assessment. It includes information related to the required Font Type/Size/Color, Indents, Spacing, Bullets, Numbering, etc.

How long should my answers be?

The length of your answers will be guided by the description in each assessment, for example:

Type of Answer	Answer Guidelines
Short Answer	4 typed lines = 50 words, or 5 lines of handwritten texts
Long Answer	8 typed lines = 100 words, or 10 lines of handwritten texts = of a foolscap page
Brief Report	500 words = 1 page typed report, or 50 lines of handwritten texts = 1foolscap handwritten pages
Mid Report	1,000 words = 2 page typed report 100 lines of handwritten texts = 3 foolscap handwritten pages
Long Report	2,000 words = 4 page typed report 200 lines of handwritten texts = 6 foolscap handwritten pages

In case if any variation is needed in the length of the answers, your trainer will give you the instructions.

How should I reference the sources of information I use in my assessments?

Include a reference list at the end of your work on a separate page. You should reference the sources you have used in your assessments using the referencing style suggested by your Trainer.

How should I submit the assessments?

You must consider the following important points before you submit your assessment.

· You must submit the assessments of a unit in PDF format or Word format as suggested by the trainer/assessor, by the ‘Due Date’ mentioned in the submission portal of your Institute’s Moodle account

· If needed, your trainer may separate the assessments and set different due dates for different assessments, assessment cover sheet and student declaration forms.

· If there is a single due date for all assessments, submit them in a same single assessment file that you download from your Moodle account.

· In both cases, you must complete the assessment cover sheet and student declaration section available to you along with the assessment package.

· Any evidence that may not be suitable to include inside the assessment package, may be submitted separately in submission portal of the Moodle, after consultation with the trainer/assessor.

· Before submission, you must ensure all required tasks are completed and evidences are submitted. Your assessor may not accept your submission if an incomplete assessment is submitted.

· If you face any technical problem during the submission of assessments in the Moodle, please notify the college administration or the assessor with proper evidence of the problem, prior to the Due Date.

How does the college ensure fairness, flexibility, validity and reliability of the assessment?

To help students achieve competency in a unit, the institute may use different methods for assessments. In the process, the institute ensures the principle of fairness, flexibility, validity and reliability are met through the following ways;

Fairness

· The institute ensures the student is fully informed of the assessment process and that the student has to fill declaration form before the start of the assessment.

· Student can also transfer the credit if the competency has already been achieved by the student.

· For if the student wants recognition of prior learning (RPL), the institute makes it available, upon request.

· To address the special needs of any student, reasonable adjustments can be made to the assessment through contextualization.

· If the student is not satisfied with the grading of the unit, he/she can go for an appeal process, challenge the assessment decision and have the assessment reviewed objectively.

Flexibility

· The institute uses a range of assessment methods to allow student demonstrated competency in a varieties of ways. These methods can be written activity, practical activity, observation and demonstration, case study, etc.

· For if the student wants recognition of prior learning (RPL), the institute makes it available, upon request. Adjustments will be made on the training and assessment of that student.

· Based on the institute’s Assessment Policy, multiple chances are given to the students for assessment submission and additional training can be arranged in case if competency is not yet achieved, even after the regular effort of the assessor and the students.

Validity

· The institute ensures the assessment tasks used to assess student’s competency for each unit fulfil assessment requirements for performance evidence, knowledge evidence, performance criteria and foundation skills, as mentioned in the Training Package of the Unit of Competency.

· Students are given opportunity to demonstrate skills by actually doing practical tasks than just theoretical explanation and by providing various ways to demonstrate the skills.

Reliability

· To ensure reliability in assessment grading, the institute has created an efficient assessment system. Assessors are provided with learner resources, PPT slides and assessment guide, so that there is consistency in assessment grading even when different assessors are grading the assessments.

· Assessors are asked to provide feedback on student assessments and also fill the marking guide on each assessment of the students.

How does the assessor make decisions during the assessment grading?

The students are declared competent by the assessor only if the knowledge and performance evidences submitted by the student are valid, sufficient, authentic and current, and if the student demonstrate the required foundation skills, during observation and demonstration.

Validity

To ensure the validity of evidence submitted by you, during grading the assessor will ensure your performance matches the performance requirement as described in the competency standard. This is why you should be able to demonstrate the required knowledge and skills through your evidences, to ensure your evidences are valid.

Sufficiency

To ensure the sufficiency of evidences submitted by you, the institute ensures the assessment tools being used are valid and reliable to collect all required evidences as described in the competency standard. During grading, the assessor will ensure that you provide all required evidences as per the assessor’s checklist for each assessment. This is why you should always consult with the assessor and read the assessment requirements for the unit to ensure the evidences are sufficient.

Authenticity

To ensure the authenticity of evidence submitted by you, the assessor, when in doubt, may compare your assessment with a group of other assessments and resources from the internet, and check for similarity. Meanwhile during moderation of assessment, a team from the institute may identify similarities in different assessments. As long as the assessments are similar to an acceptable range as per the Student Assessment Policy and Procedure of the institute, your assessment will be deemed authentic. This is why you should ensure your assessment is your own work and that references are given if resources are used from the internet.

Plagiarism is not accepted in Australian education system and at the institute. You should not practice any plagiarism in your assessments or any other works. Plagiarism practices may affect your results of the assessment as well as your student visa. Student Assessment Policy and Procedure is shared in every orientation event during every intake. This policy’s hard copy is kept at the reception desk of the institute.

Currency

To ensure the currency of evidence submitted by you, the institute performs validation activities of assessment that involves checking that your assessment tools have produced valid, reliable, sufficient, current and authentic evidence. Meanwhile, the trainer/assessor will continuously observe your performance during the training period. The trainer/assessor may ask you to demonstrate the required skills in the simulated environment or the workplace environment. You can ensure your evidences are current by attending the training on a regular basis and demonstrating the knowledge and performance evidences under the observation of the trainer/assessor.

What happens after the submission of assessments and in case of no submission?

After the submission of assessment, your assessor will grade your assessment and take different actions at different stages of grading and feedback process. Please adhere to the Student Assessment Policy and Procedure for more details on how the grading and feedback process will occur and what will happen if no submission of assessment is made.

What if you disagree on the assessment outcome?

You can appeal against a decision made in regards to your assessment. An appeal should only be made if you have been assessed as ‘Not Yet Competent (NYC)’ against a specific unit and you feel you have sufficient grounds to believe that you are entitled to be assessed as competent. You must be able to adequately demonstrate that you have the skills and experience to be able to meet the requirements of units you are appealing the assessment of.

Your trainer will outline the appeals process, which is available to the student. You can request a form to make an appeal and submit it to your trainer, the course coordinator, or the administration officer. The institute will examine the appeal and you will be advised of the outcome within 14 days. Any additional information you wish to provide may be attached to the appeal form.

assessment guide

The following table shows you how to achieve a satisfactory (S) result against the criteria for each type of assessment task. The following is a list of general assessment methods that can be used in assessing a unit of competency. Check your assessment tasks to identify the ones used in this unit of competency.

Assessment Method	Satisfactory(S) Result	Not Yet Satisfactory (NYS) Result
You will receive an overall result of Competent (C) or Not Yet Competent (NYC) for the unit. The assessment process is made up of a number of assessment methods. You are required to achieve a satisfactory result in each of these to be deemed competent overall. Meanwhile, you must demonstrate satisfactory foundation skills to the assessor, during the observation of demonstration of the assessment tasks, and through the submission of evidences. Your assessment may include the following assessment types.
Questions	All questions answered correctly	Incorrect answers for one or more questions
	Answers address the question in full; referring to appropriate sources from your workbook and/or workplace	Answers do not address the question in full. Does not refer to appropriate or correct sources.
Written Activity	The assessor will mark the activity against the detailed guidelines/instructions	Does not follow guidelines/instructions
	Attachments if requested are attached	Requested supplementary items are not attached
	All requirements of the written activity are addressed/covered.	Response does not address the requirements in full; is missing a response for one or more areas.
	Responses must refer to appropriate sources from your workbook and/or workplace	One or more of the requirements are answered incorrectly. Does not refer to or utilize appropriate or correct sources of information
Observation/ Demonstration	All elements, criteria, knowledge and performance evidence and critical aspects of evidence, are demonstrated at the appropriate AQF level	Could not demonstrate elements, criteria, knowledge and performance evidence and/or critical aspects of evidence, at the appropriate AQF level
Case Study	All comprehension questions answered correctly; demonstrating an application of knowledge of the topic case study.	Lack of demonstrated comprehension of the underpinning knowledge (remove) required to complete the case study questions correctly. One or more questions are answered incorrectly.
	Answers address the question in full; referring to appropriate sources from your workbook and/or workplace	Answers do not address the question in full; do not refer to appropriate sources.
Practical Activity	All tasks in the practical activity must be competed and evidence of completion must be provided to your trainer/assessor. All tasks have been completed accurately and evidence provided for each stated task.	Tasks have not been completed effectively and evidence of completion has not been provided.
	Attachments if requested are attached	Requested supplementary items are not attached

Assessment Summary/cover sheet

Assessment Cover Sheet
Course code/name:	ICT60115 – Advanced Diploma of Information Technology
Unit code/name:	BSBMGT617 – Develop and implement a business plan
Assessor’s name:
Student’s name:		Student ID:
Due Date:	17/05/2020
Submission date:

Student Declaration
I declare that; · I am aware of the assessment process. · I am aware of all the components of the assessments that includes assessment conditions, knowledge and performance evidence, elements and performance criteria and foundation skills. · I am aware of the assessment tasks, requirements and due dates. · I am aware of Kingston Institute of Australia’s assessment policy and appeal process. · I am aware that plagiarism is not accepted in the institute. · I am aware of my rights to appeal, if I am not satisfied with my results. · The material I have submitted is my own work. · I have kept a copy of all relevant notes and reference material that I used in the production of my work. · I am aware of WHS guidelines that should be followed at the institute and workplace environment. · I have given references for all sources of information that are not my own, including the words, ideas and images of others. Student Signature: _______________________ Date: ______________________
Assessment Outcome
Assessment Tasks	Assessment Results
Assessment 1: Written Activity	S NYS
Assessment 2: Develop and Implement a Business Plan	S NYS
Assessment 3: Review and implement updated Business Plan	S NYS
Feedback / Comments:

Overall Outcome
Competent	Not yet Competent
Student Declaration: · The result of my performance in this unit has been discussed and explained to me. □ I want to make an appeal against the overall outcome of the assessments. Student signature: _____________________ Date: _____________
Assessor Declaration: · I declare that I have conducted a fair, flexible, valid and reliable assessment with the student and that the evidence submitted to me are valid, sufficient, authentic and current. Assessor’s Signature: __________________ Date: _____________

Assessment 1- written activity

1. What is a business plan? How does it differ from a strategic plan? (100 words)

Remove all instruction written in BLUE before you submit the assessments. Instructions: Explain what is business plan in 50 words and write some differences(any four) between business plan and strategic plan https://onstrategyhq.com/resources/understanding-the-difference-between-strategic-plan-abusiness-plan/ https://articles.bplans.com/business-plans-vs-strategic-plans-whats-the-difference/ https://onstrategyhq.com/resources/what-is-the-difference-between-a-business-plan-and-a-strategic-plan/ Delete this instruction after you use it.

2. In preparation of financial projections for your business plan, it is as important to estimate long-range sales and earnings as it is to project short-term objectives.

A. True

B. False

3. Your business plan could EXCLUDE:

A. Description of the business.

B. Personal biographies of management.

C. Financial statement projections and cash flow projections.

D. Your marketing and expansion plans.

E. Your plans to build a new vacation home with your profits.

Instructions: Go through Q. No. 5 first to understand solution to Q.No. 3.

Delete this instruction after you use it.

4. In order to test your understanding of your market, the safest approach would be to:

A. Rely on your personal instinct.

B. Conduct a survey among your friends.

C. Test market your product or service.

Instructions: Go through Q. No. 7 to understand the solution to Q. No. 4.

Delete this instruction after you use it.

5. Outline the major components of a good business plan. (50 words)

Instructions: You can check the sample business plan given in Assessment 3 to find out what components are included in a business plan. The following links (mainly the first link) are also helpful. https://smartasset.com/small-business/top-components-of-a-business-plan https://www.thehartford.com/business-insurance/strategy/writing-business-plan/main-components Delete this instruction after you use it.

6. In what cases a business plan should be updated? Mention any five cases. (50 words)

Instructions: Check the following link for different reasons to update a business plan. Understand and write in your own words. https://www.entrepreneur.com/article/241536 Delete this instruction after you use it.

7. What are the various ways to understand the general market conditions before starting a business? (50 words)

Instruction: Read the whole topic for better understanding. Read the topic 'Market Analysis' for this question. Research and write your own answers. https://www.ldsjobs.org/ers/ct/articles/developing-a-business-plan?lang=eng Delete this instruction after you use it.

8. Mention the major phases in development and implementation of a business plan. Explain what activities are performed during these phases. (200 words)

Instruction: Go through the following link, https://training.gov.au/Training/Details/BSBMGT617 Scroll down and read the following topic; APPLICATION ELEMENTS AND PERFORMANCE CRITERIA Mention ELEMENTS as different phases i.e Developing business plan, Implementation of business plan and Review of business plan. Explain the activities performed during these phases by going through the PERFORMANCE CRITERIA. Delete this instruction after you use it.

Assessment Outcome

Question	Correct ()
1
2
3
4
5
6
7
8

Assessed by: _________________________

Assessor Signature: ___________________

Date: ________________

Skills Assessment (Practical Tasks)

ASSESSOR NOTE These instructions must be followed when assessing the student in this unit. The checklist on the following page is to be completed for each student. Please refer to separate mapping document for specific details relating to alignment of this task to the unit requirements. This competency is to be assessed using standard and authorised work practices, safety requirements and environmental constraints. Assessment of essential underpinning knowledge will usually be conducted in an off-site context. Assessment is to comply with relevant regulatory or Australian standards' requirements. Resource implications for assessment include: • an induction procedure and requirement • realistic tasks or simulated tasks covering the mandatory task requirements • relevant specifications and work instructions • tools and equipment appropriate to applying safe work practices • support materials appropriate to activity • workplace instructions relating to safe work practices and addressing hazards and emergencies • material safety data sheets • research resources, including industry related systems information. Reasonable adjustments for people with disabilities must be made to assessment processes where required. This could include access to modified equipment and other physical resources, and the provision of appropriate assessment support.

Assessment 2 – DEVELOP AND IMPLEMENT A BUSINESS PLAN

This assessment task requires the development of a formal business plan around a business idea that you would implement. You must analyse and research the business vision, mission, values, objectives, goals, competitors, financial targets, management arrangements, marketing approaches and strategic, business and operational plans for the business idea. Following your analysis and research, write a business plan which includes a description of the business, products and services, financial, physical and human resource requirements, permit and license requirements, marketing activity, financial indicators, productivity and performance targets for key result areas.

You should complete all the required forms and applications (such as TFN, ABN, ACN, APRA AMCOS) and append them to your submitted plan, however these to not need to be lodged, such that the business plan including ensuring skilled labour is available, and that training is provided where appropriate, can be implemented.

Assessment 2 Solution

Delete these Instructions for assessment 2 below before submission

Business Plan

of

" Write the name of your business name here "

Please note that the explanation should be in first person i.e using the word 'We'. This is business plan of your business. You will use the word 'We' for your business while explaning. You can also replace 'We' with the name of your business in some places.

Go through the following link to gain understanding of business plan for varieties of business. The sample explanation in this template are based on the business plan of a restaurant business.

https://www.bplans.com/sample_business_plans.php?_ga=2.204974544.1586546008.1588548931-420763601.1588035969

There is a link in your online activity which explains the complete business plan of a restaurant business.

1. Business summary

Business Name: 'Write your business's name here, e.g. Rayamajhi Chicken and Burger'

Trading Name: 'Write the trading name here| Trading name and business name may be same or different'

Business Structure: 'Write if the business structure is Partnership, Sole trader, Company or Trust

ABN: 'Write ABN number for the business here'

Business Location: 'Mention the location of business here, e.g. Manly, NSW'

Date established: 'Put a date of a near future'

Business owner(s):

Licenses/permits: 'Mention licenses and permits required to start or run the business'

Products/Services: In 100 words, explain in detail what products/services are offered by the business. For example, if your business is a dining restaurant business, mainly talk about the following: Opening hours, Menu, quality of service, physical environment of the restaurant, Discounts and offers in particular days/hours, menu for children, music, concert, extra fun activities to entertain the customers.

Sample explanation (Sample explanation may be longer than required. Please write concisely considering the time as well)