Project Portfolio - BSBCRT512 Originate and develop concepts

This project portfolio is based on BSBCRT512 Originate and develop concepts and BSB50420 Diploma of Leadership and Management. It includes scoping a relevant issue, generating and evaluating solutions, and concept finalisation.

BSB50420 Diploma of Leadership and
Management
Project Portfolio – BSBCRT512 Originate and develop concepts |
Page 1 of 13 V1.0: May 2021, Approved: QAC
International College of Tasmania Pty Ltd trading as: TasCollege
RTO Code: 45352 | CRICOS Code: 03683K
PROJECT
PORTFOLIO
STUDENT VERSION
BSBCRT512
ORIGINATE AND
DEVELOP
CONCEPTS

BSB50420 Diploma of Leadership and
Management
Contents
Section 1: Scoping a relevant issue................................................................4
Section 2: Generating and evaluating solutions.............................................7
Section 3: Concept finalisation.....................................................................12

BSB50420 Diploma of Leadership and
Management
Appendix – A
Project
Portfolio
Student name:
Assessor:
Date:
Business or
Community/Social
group this
assessment is based
on:
Documentation
reviewed as
preparation:
Job role assumed
for this assessment:

BSB50420 Diploma of Leadership and
Management
Section 1: Scoping a relevant
issue
About the organization
Provide an overview of the
organisation and
product/services/programs.
Briefly describe key
operational processes
within the organisation.
I d entif y a t leas t t hree
stakeholders (internal and
external)
Describe how the
stakeholders related to
the organisation’s
operations.
Worlducation is basically the organization which aims and focuses on
changing the ways the learning system of children at school through
implementing the artificial intelligence technology which helps in
contributing towards the progress of children and also helps in creating
the optimal path learning experience.
In context to the organization, the company sells their tablet computers
business to business. The company also realized that the hardware and
content proved to be one of the most effective when a whole classroom
was using it. In addition to that, it also supports the company in
increasing its sales and also reducing the various issues of potential
number which could arise from the various consumers. In reference to
the long term plan, the company is also tackling a business to consumer
strategy. In context to organization, its major stakeholders are
customers, suppliers and government.
In context to stakeholder, it basically consists of the
characterization and identification in relation to the stakeholders
for an initiative and a company. In reference to the organization,
the stakeholders have a major impact on the various areas of the
company. In reference to the different areas, it comprises of
operational issues, aims and objectives, decision making, profits,
costs and sales.
Select issue
Select one issue to focus
on for the remainder of
this assessment.
List all issues mentioned
at the meeting
Describe the selected issue
Explain your rationale for
selecting the specific
issue
List any restrictions on
potential solutions due
to
When in comes to technology market, it is highly growing and is
impacted by various changes as soon as the technology gets
updated. In relation to the emerging technologies, it basically
comprises of the Internet of Things and artificial intelligence. The
major issue was Global Pandemic. Due to Pandemic, it resulted in
influencing and impacting on the supply of the various hardware
components. During the pandemic, the trends in relation to the
consumer spending has taken a downturn which not only
impacted the ICT Industry but also due to working from home,
the appetite of consumers for tablets has increased.
In addition to that, other issues including failure to satisfy the
demand of clients, high level of competition and less spending
due to economic downturn.
In order to address the selected issue, it is very important for the
company to generate new leads and converting these leads in a
speedy manner and involve every part of the organization to
support each other. When it comes to addressing these issue, it is
very important for the organization to develop effective strategies.
It is highly important to establish a effective communication
channel and working on improving the communication process
with all the stakeholders and also to ensure that accurate and
timely data is facilitated for the purpose of decision making and
effective planning.

BSB50420 Diploma of Leadership and
Management
your job role or
organisational policy.
Attach proof of your
consultation (e.g. video,
email trail to this section
of the portfolio (if not
already viewed in person
by your assessor).
Creative
thinking
techniques
I d entify and d esc ri be at
least four creative
thinking techniques that
you can use to generate
innovative and creative
concepts to address the
selected issue.
In reference to creative thinking, it basically involves gaining
different ideas and new insights with the help of existing
information. In context to the organization scenario, there are
various creative thinking techniques taken into consideration.
For the purpose to generate creative and innovative concepts, it is
very important to use these creative thinking techniques for the
purpose to address the selected issue.
Brainstorming: In order to address the issue, one of the best
creative technique used in order to solve various issues is
Brainstorming. It is a group problem solving method which
basically comprises of the spontaneous contribution of the various
solutions and creative ideas. When it comes to such activities, it
basically involves the freewheeling and intensive discussion
where every member is allowed to suggest and think various
ideas in order to solve the problem.
Gallery Method: In reference to the gallery method, it is basically
a group ideation process which allows the people to first generate
ideas in a individual manner through following a pool of ideas for
the purpose to conduct group ideation.
Information
Summarise any
information related to
your identified issue and
any potential solutions.
Consider:
 a list of
preliminary
solutions competitor information,
including:
o competitor’s name
o products/services
they offer
When it comes to Worlducation, the organization is highly
different from their competition. For the purpose to address the
issues, the organization has adopted brainstorming in order to
deal with the potential issues and also focusing on providing a
cost estimate for the future business models. Other alternatives
chosen by the company involves developing a cloud based
solution, outsourcing manufacturing, second manufacturing
facility and also purchasing off the shelf tablets.
In addition to that, the company has carried out various steps for
the purpose to protect personal information from the loss,
interference, unauthorized access, disclosure and various
modifications. In addition to that, it involves various electronic
access restrictions in case of the electronic files which contains
physical access restrictions, personal information, securing paper
files in locked cabinets.
In addition to that the company constantly focuses on improving
the various communication channels with the stakeholders and

BSB50420 Diploma of Leadership and
Management
o whether they are
already
addressing
also to ensure that accurate and timely information is being
facilitate in order to carry out effective decision making and
effective planning.
The organization with the help of targeting identified growth
markets with the planned and effective campaigns through
applying advertising mediums and various promotional strategies.
The organization also focuses on constantly reviewing the
effectiveness of necessary operations.

BSB50420 Diploma of Leadership and
Management
the issues you
identified or
looking at similar
opportunities
o any unique
approaches they
may have.
market information best practice examples Any other relevant
internal
information
Factors impacting on ideas
I d entif y a t leas t fo ur f a ct o rs
that can be used to assess
the feasibility of potential
solutions.
Explain how each of your
i d entifi ed fa c t ors c onsid er :
 commercial potential target
audience/purpose implementation
feasibility.
Note: these factors will
be used to evaluate
solutions in Section 2.
In reference to the various factors which impacted the ideas
involves the following:
 Trade Policies
 Government Regulations
 Economic indicators
 Technology
 Geopolitical shifts
In context to the above mentioned factors, all of them are used
for the purpose to identify the implementation feasibility,
commercial potential and the purpose and target audience.
Government Regulations: In reference to the government
regulations, it basically involves the rules that helps in defining
the bounds of legal behavior. Mostly the government regulations
have a major impact on the ideas.
Technology: In reference to the factors which are impacting the
ideas, another important factor is Technology. When it comes to
technology market, it is ever changing and growing technology
industry. With the emerging technologies such as the Internet of
Things and artificial intelligence it has resulted in impacting the
ideas.
Trade Policies: When it comes to trade policy, it is basically the
set of practices, agreements and regulations by the government
that could result in affecting the trade among the foreign
countries. When it comes to various factors which could result in
impacting the ideas, trade policies is one of them.
Attach: Proof of consultation (if relevant) ☐

BSB50420 Diploma of Leadership and
Management
Section 2: Generating and evaluating
solutions
Potential solutions
Describe the
creative thinking
techniques used
at the
brainstorming
meeting.
Summarise the
outcomes of the
brainstorming
session.
List at least four
potential solutions to
your identified issue.
Attach proof of your
brainstorming session
(e.g. video, screen
recording of virtual
meeting) to this
section of the
portfolio (if not
already viewed in
person by your
assessor).
In reference to the brainstorming technique, it basically comprises
of the activity such as Brainstorm. When it comes to brainstorm, it
is a legal and ethical way and method of obtaining information
related to the competitors which helps in identifying the gaps and
needs and also investigating the various similar new opportunities.
 Identifying the gaps and needs
 Investigating the similar new opportunities
Below are four of the potential solutions to the identified issue:
 Opposite Thinking
 Analogy Thinking
 Idea Challenge
In reference to the organizations, it is very important for them to
frequently review and consider the best work place communication
practices which are related to their industry.
In addition to that, it is important to find out the various sources of
information which are related to the opportunity and needs
comprising the codes of best practice and industry standards.

BSB50420 Diploma of Leadership and
Management
Evaluate solutions
Use the work done
in Section 1 of your
Project Portfolio to
evaluate the
viability of each
potential solution.
In your evaluation,
include: an assessment
of each solution
against the
factors that
affect viability a comparison of
each solution
with best
practice
approaches of
similar products,
process,
services or
programs and
explain whether
your ideas
stand out.
In context to finding out the various factors which could affect the
viability of a opportunity or a need.
Identification of the stakeholders: For the purpose to have better
understanding of the situation, it is very important to consider the
stakeholders.
Defining parameters: When it comes to project, most of them are
generally unsuccessful due to lack of detailed and necessary
requirements. Therefore, in order to evaluate the viability of each
potential solution, it is very important to properly define the various
parameters for the purpose to develop concepts and ideas in order to
meet the requirements of the market.

BSB50420 Diploma of Leadership and
Management
Select solution
Based on the
evaluation above,
select one solution
to present to
stakeholders.
Explain your
reason(s) for
selecting the
specific solution.
Provide at least two
advantages and two
disadvantages of
the solution.
In order to present one best solution to the stakeholder, it basically
involves the following options such as:
 Checklist
 Mind Mapping
 Lateral Thinking
From all the above possible solutions, mind mapping is considered
to be one of the best possible solution in order to present it to the
stakeholders.
Mind mapping is basically a diagram which is used for the purpose
to organize the information in a hierarchy manner. When it comes
to mind maps, they are excellent way when it comes to presenting
data and information in front of the stakeholders.
Advantages of Mind mapping
 Pros: In context to mind mapping, it helps in offering
advantages such as mixing multiple list types.
 In addition to that, it helps in keeping track of what needs
to be done. In addition to that, it helps in visualizing the
complex tasks and taking quick notes during the meetings.
Disadvantages of mind mapping:
 In context to mind mapping, it can be sometimes messy on
paper and it might be difficult for the purpose to present it
in front of the stakeholders.
 In addition to that, when it comes to elaboration on tasks it
becomes really difficult to elaborate on tasks.

BSB50420 Diploma of Leadership and
Management
Practical/
operational issues
I d entify and
d esc ri be at least
three resources that
are required to
implement the
solution.
Evaluate and
discuss at least two
constraints on the
realisation of the
solution.
Outline at least
three issues and
requirements to
In order to implement the solutions, the three resources used
involves the following:
 Internet
 Books and Journals
 Advice from team members

BSB50420 Diploma of Leadership and
Management
commercialise the
concept.
Proposal
List the relevant
stakeholders
responsible for
making decisions
regarding the
development and
implementation of
your solution.
Create a written
proposal (e.g. using
MS Word or MS
PowerPoint) that
may be provided to
stakeholders
outlining: The issue
being
addressed Potential
solutions
 Chosen solution Reasons for
the solution
 Customers
 Suppliers
 Government

BSB50420 Diploma of Leadership and
Management
Attach your
proposal top this
section of t he
Pro j ec t Po rtfo li o.
Presentation
Prepare to present
your proposal (e.g.
using MS PowerPoint)
to relevant
stakeholders.
Who are the
stakeholders?
Attach:
Proof of brainstorming session (if relevant) ☐
Written proposal ☐

BSB50420 Diploma of Leadership and Management
Section 3: Concept
finalisation
Feedback Person providing
feedback
Action required Responsible to follow
up
Include comments Who gave the
feedback?
Action required based
on feedback.
Include who is
responsible to follow
up the
feedback/action
1
2
3
4

BSB50420 Diploma of Leadership and Management
Reflection
Reflect on the
methods you used
to generate
concepts and ideas
and document ways
you think you could
improve this in the
future.
In context to the various methods, I used various methods for the
purpose to generate concepts and ideas for the purpose to improve
the future outcomes. For the purpose to identify the issue following
are methods:
 Staff Development
 Advertising Campaigns
 Information Technology
 User Requirements
Finalisation
Refine and finalise
your proposed
solution taking the
feedback into
account.
Attach proof (e.g.
modified Project
Proposal
document) to this
section of the
portfolio.
Attach:
Finalised solution ☐
Proof of presentation (if relevant) ☐
Proof of documented feedback according
to organisational policy (if relevant)
☐