BSBOPS502 Manage Business Operational Plans - TasCollege Leadership

This report provides a detailed overview of managing business operational plans within an organizational context, focusing on key elements such as strategic alignment, resource allocation, and performance measurement. It covers the development and implementation of operational plans, including the use of strategic plans, goal prioritization, and communication strategies. The report also discusses the importance of identifying and acquiring necessary resources (physical, financial, and human), alongside the application of Key Performance Indicators (KPIs) for tracking progress and ensuring accountability. Furthermore, it addresses compliance with legal and ethical standards, particularly concerning workplace health and safety as outlined by the Person Conducting a Business or Undertaking (PCBU) and the Fair Work Act 2009. The document includes practical examples and explanations to illustrate effective operational plan management.

MANAGE BUSINESS
OPERATIONAL PLANS

Table of Contents
ASSESSMENT TASK 1.................................................................................................................3
1....................................................................................................................................................3
2....................................................................................................................................................3
3....................................................................................................................................................3
4....................................................................................................................................................3
5....................................................................................................................................................4
6. ..................................................................................................................................................4
7....................................................................................................................................................5
8....................................................................................................................................................6
9....................................................................................................................................................6
10..................................................................................................................................................6
11..................................................................................................................................................6
REFERENCES................................................................................................................................7

ASSESSMENT TASK 1
1.
 Operational plan used to outline the work and activities that helps the company to
do in order to achieve goals.
 The role of operational plan is to do the work according to the made schedule,
budget in order to achieve the standards (Farr and Bailey, 2019).
 The purpose of contingency plan is to make the organization to get return on the
daily activities performed.
2.
 The overall operational plan made for the organization used to have focus on the
overall activities of the company in order to achieve the organizational goal.
 On the other hand, there are some operational goals that are made for some
specific purpose only in order to have full focus on that.
3.
There are several methods that helps the company to make the operational plan which is
described below:
 The organization must develop the strategic plan.
 They must prioritize the goals.
 The company must also use the leading indicators.
 They must also have the proper communication.
 The company can also use the standing and single use plan to make operational
plans.
4.
Information sources Description Examples
External consultants These are professional
consultants that are not
employed in company.
Legal representatives
Public relation agency
Strategic plan It is process that makes the
company to know about its
goals and objectives
Plan is to increase the profit
by 25%.

(Globocnik, Faullant and
Parastuty, 2020).
Budgets and forecasts This makes the company to
know about financial spending
and helps to forecast profits.
The budget for the company
is 50000.
Legislation and
regulatory authorities
These are bodies that are
formed by government to have
health and safety.
Fair Work Act 2009.
Organisational policies
and procedures
These are the set rules and
regulation that helps to have
proper planning.
Working hours policies,
leave policies, etc.
5.
 By using e-mail and newsletters person can consult with stakeholders.
 By having the group video call or having the screen to screen meetings.
 By presenting the presentation in the meetings.
 By making the projects summary reports.
6.
Resource
Type
Description of the
resources and 2 examples:
How to acquire the resource
Physical These are tangible items that
are important for business.
Ex, Equipments; Infrastructure
By purchasing the physical
resources company can
acquire.
Need recognition, evaluation
of suppliers, Order and
delivery.

There is time of using the
physical resources that is
included in organizational
policies. For example, the
company must have equal
opportunity policy for
employee.
Financial These are assets that helps the
company to have their
operations (Moşteanu and
Roxana, 2020).
ex- Cash, Bank deposits, etc.
Accounting documents
Budget helps the company to
know the amount of finance
required for year. By having
merger with the another
company it will have more
financial resources.
By taking loans, merging with
another company, organization
can have additional finance.
Human These are the important
resource that helps to have day
to day operations in business.
Ex- Employees, managers, etc.
By conducting the recruitment
and selection process.
General induction strategy and
Follow-up induction strategy.
The company must follow the
general induction strategy to
have better operations.
For example, the firm must
provide the workplace health
and safety policy to
employees.

7.
Key performance indicators are quantifiable measures that helps the company to identify
the performance for the period. By having this it makes the company to know about their
performances and makes them to perform well in the market. This used to target the track and
used t have positive impact on the strategic outcomes of the business (Brophy and et.al., 2020).
There are different kinds of metric in KPI that makes the business to know about there business
activities and supports them in difficult situation.
8.
In first approach the company must determine the key strategic objectives which they
want to achieve.
In second approach, the company must define the success that where they want to reach
in future.
In third approach, it will focus on deciding the measurement that how the success will be
measures using which metrics of KPI.
In fourth approach, the company must follow the SMART format that helps them to
attain the targeted goals.
9.
Stick on the facts and expectations that the company wants to achieve. After this the
company must align the records and the past performance. Further it will check the happening of
the misconduct and proof as well. Moreover, it will identify and show the consequences that
company faces to achieve performance. At last, summarize the review from the outcomes and
have the included records as well (Omuse, Kihara and Munga, 2018).
10.
Person Conducting a Business or Undertaking (PCBU) is the primary duty in order to
ensure about the health and safety of the employees while working in the business or in
undertaking.
Roles and responsibilities of PCBU
 Maintaining the safety at the workplace.
 Maintenance of safe plant and structures.
 Safe use of handling and storage of resources, structures in workplace.

11.
The Fair Work Act 2009 refers to the act that used to provide the different rights that
includes the workplace rights, the rights to work and engage in industrial activities and the rights
to be get free from discrimination. The aim and object is to provide the safety to the employees
and have job security.

REFERENCES
Books and journals
Brophy, P. D. and et.al., 2020. A proposed technique to enhance strategic plan implementation
using continuous quality improvement methodologies. The Journal of Pediatrics. 224.
pp.6-9.
Farr, M. and Bailey, D., 2019. Uniting business continuity management and operational risk
management. Journal of business continuity & emergency planning. 12(4). pp.294-300.
Globocnik, D., Faullant, R. and Parastuty, Z., 2020. Bridging strategic planning and business
model management–A formal control framework to manage business model portfolios
and dynamics. European Management Journal. 38(2). pp.231-243.
Moşteanu, D. and Roxana, N., 2020. Management of disaster and business continuity in a digital
world. International Journal of Management. 11(4).
Omuse, G., Kihara, P. M. and Munga, J., 2018. Determinants of strategic plan implementation in
public universities: a case of selected public universities in Nairobi County,
Kenya. International Academic Journal Of Human Resource And Business
Administration. 3(2). pp.452-477.

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