Student Project Portfolio: BSBOPS501 Manage Business Resources

This project portfolio, created by a student, focuses on the unit BSBOPS501: Manage Business Resources. The assignment begins with an analysis of resource requirements for a pet hostel, outlining the business's strategic objectives, regulatory context, and specific objectives. It identifies key resources such as human, financial, and physical resources, along with the stakeholders involved. The portfolio details the outcomes of stakeholder meetings and provides resource plans for each of the three resources. Each plan includes options for resource acquisition, budget breakdowns, timelines, and monitoring systems, including KPIs. Additionally, the portfolio addresses risk and contingency planning for each resource. The assignment covers the entire process of resource management, from initial analysis to evaluation and risk mitigation, providing a comprehensive overview of how to manage resources effectively to meet business objectives.


MANAGE BUSINESS
RESOURCES
BSBOPS501
P R O J E C T
P O R T F O L I O
STUDENT VERSION

This resource is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review as
permitted under the Copyright Act 1968, no part may be reproduced by any process without written permission as
expressed in the RTO Works License Agreement.
The information contained in this resource is, to the best of the project team’s and publisher’s knowledge true and correct.
Every effort has been made to ensure its accuracy, but the project team and publisher do not accept responsibility for any
loss, injury or damage arising from such information.
While every effort has been made to achieve strict accuracy in this resource, the publisher would welcome notification of
any errors and any suggestions for improvement. Readers are invited to write to us
Business Works is a series of training and assessment resources developed for qualifications within the Business Services
Training Package.

Contents
Section 1: Analyse resource requirements 6
Section 2: Planning for resources 10
Section 3: Resource acquisition 22
Section 4: Evaluation 29
BSBOPS501 Manage business resources|4

Student name:
Assessor:
Date:
Business this assessment is
based on:
Documentation reviewed as
preparation:
BSBOPS501 Manage business resources|5

Section 1: Analyse resource requirements
Complete this section before the stakeholder meeting/s.
Provide an overview of the
business and its strategic
objectives and goals.
The business is based on the pet hostel that provides space for
15-20 pets where numerous types of pets are sustain and live
their life freely and safely. It is a leading hostel that provides
care to orphan and road side pets to gain high market share and
profits.
The objective is to enhance sales by 10% in 12 months along
with expansion of services by 24 months.
The goal of operating this business is to offer superior pet
service that provide clean, odor free remarkable environment
to provide professional trusting service.
Describe the regulatory and
legislative context of the
business that relates to
managing resources.
Regulatory and legislative is essential to focus on doing a
business. In this government possess the laws and regulation
for safety of pets. In this Human resources, financial resources
etc. are working to manage this company and focus on their
overall safety, privacy etc. in this local governments deal with
land use planning, business permits, traffic management etc.
Outline the specific objectives
of the business unit/s that you
are basing this project on.
E.g., business unit, project or
department that requires these
resources.
This project is based on earning profit, creation of buyers,
effectively used resources, adoptions of fair trade policies.
BSBOPS501 Manage business resources|6

Resource 1
Which resource are you going
to focus on for this project and
which activity does it relate to?
Human resource is core resources for this project and they are
essential to handle all the resources and relate to gain
profitable results. They offer services to customers who want
to pet and handle all pet careful.
Resource 2
Which resource are you going
to focus on for this project and
which activity does it relate to?
Financial resource, it is highly used resource without it project
cannot completed on time and sustain in the business industry.
Resource 3
Which resource are you going
to focus on for this project and
which activity does it relate to?
Physical resource, it is highly used to effectively focus on
project as it involves equipment’s, building, distribution
network that helps business to function.
Describe the stakeholders you
need to meet with to discuss
the nature and level of
resource planning for all three
resources.
Why are these stakeholders
part of the consultation
process?
Shareholder, customers, employees are essential meet the
business objectives on time that are highly needed to plan the
use of resources.
It is important because it develops the productive relationship
BSBOPS501 Manage business resources|7

These may be separate
stakeholders or the same ones
for all three resources
depending on the size and
nature of the business
for longer time period. It also helps in monitor trends and
issues that are useful to track needs and expectation. In this
shareholders and employees are highly essential to optimally
used resources. As it works only in the UK.
When is this meeting/s set for?
Provide the details of when
and where this meeting/s is
occurring
The meeting with shareholder is occurring when individual is
thinking for operating business so that they invest money for
gaining profitable results. In this manager also hires employees
to be capable of completing task on time.
What are the internal
capabilities of the business in
relation to the resourcing
requirements?
Internal capabilities defines research and development, human
capital etc. in this Pet hostel are capable to use network
resources that outsource R&D that helps in gaining formal and
informal knowledge protection mechanism.
What are the external
resourcing requirements?
Outline any supplier or
purchasingconsiderations,
budget or anything else
relevant to obtaining
quotations here.
In terms of external resourcing advertisement in newspaper,
media advertising etc. to get the information related to pets
easily. These external sources help business to get knowledge
about pet via number of people so that pet gets relevant service
easily.
BSBOPS501 Manage business resources|8

Provide an outline of the
agenda / main discussion
points for this meeting/s.
Copy and paste this row if you
are having more than one
meeting and fill one out for
each meeting.
It is essential to outline the meeting as it is operate for
fulfilling main agenda that is gaining profitable results.
In this shareholder identify the meeting goals that is done with
customers who wants that their pet get quality services and fun
so that they look happy.
This is mainly lead by employees who connect with customers.
For arrange funds owner of business do meeting with
shareholder present their idea so that they invest amount to
enhance business image.
Complete this section after the stakeholder meeting/s.
Summarise the outcomes of
the meeting/s.
Include any decisions that
were made and next steps.
Copy and paste this row if you
are having more than one
meeting and fill one out for
each meeting.
After meeting business easily arrange funds to operate business.
In this business focus on hiring experienced candidate who
offer quality services to pets so that customers are satisfied with
services and ensure that their pet are safe and secure within this
hostel.
Attach: Business documentation reviewed ☐
Recording of meeting/s if not observed in person or online
by your assessor
☐
BSBOPS501 Manage business resources|9

Section 2: Planning for resources
You need to complete all three of the plans in this section for three different resources.
Resource Plan 1
Description of resource bid. Human resource is an essential resource as it helps in allocating
all resources properly. For doing this business manager need to
hire effective human resource and for this company need to use
advertise jobs so that relevant candidate is to be hired.
Options.
Outline suitable options that
may suit
To hire employees for conducting the job effectively several
options are to be considered that based on internal and external
factors. As in this pet hostel mainly focuses on campus
recruitment where they get new talent who are working for
gaining company overall objectives. It is highly suitable to
option to hire best employees. Another option is employee
reference where employees refer their friends and family so
that time and cost of pet hostel is saved.
Budget and costs.
Outline the total budget and
provide a break down of the
costs associated with this
resource
To complete this recruitment process for hiring effective
employee Pet hostel needs $40 so that it should be done in
presented time frame.
BSBOPS501 Manage business resources|10

What are the timelines for
identifying suitable resources
and the acquisition of this
resource?
The timeline for identifying the human resource is 1 month as
in this pet hostel only 15-20 pets are involved who get service.
Explain how the resource will
be obtained/purchased
following policy and
procedures.
The human resource will be obtained from by following
equality and safety act policy so that they are satisfied with the
working criteria that helps in gaining profitable results.
Explain the approval process
for this resource.
To get the approval of employee’s pet hostel used email where
selected employees give approval of joining with relevant
document.
Resource monitoring usage
system
Develop a monitoring system
that can be used to monitor
the usage and success of this
resource in meeting business
or project objectives.
Establish a measurable Key
Human resource monitoring is an act of employer’s survey that
indulges with several surveillance methods.
To measure the performance of human resource pet hostel
effectively focus on their expected profits and current profits. In
this manager focus on evaluating performance using 360 degree
BSBOPS501 Manage business resources|11

Performance Indicators (KPI).
Show how you approached
establishing the KPI in a
mathematical way using
problem-solving.
List ways to monitor the KPI
including a timeframe for
evaluation.
Develop a formal policy and
procedure document and
attach to this section (note
you can develop just one
Resource Usage Policy with
different sections for all three
resources if you would like to
do it this way).
methods so that their performance easily monitored.
To monitor KPI, pet hostel manager needs 6 months in which
overall evaluation is to be done.
Risk and contingency planning
Complete the table to assess risks and develop contingencies for resources you are planning for.
Potential risks Planned Response
Risk associated with the acquisition or
implementation of the resource
How will you mitigate the risk?
Human resource – done connection
to customers.
Customer leaves interest before
employees attracts them.
By ensuring contact and representing services using
advertising method.
Human- Employees employed as
business manager.
Employees are working that does
not match the standard.
Offering proper training and mentoring session.
Attach: Scope of Requirements document ☐
Approval request for proposal (email) ☐
Resource Evaluation Policy and procedures developed ☐
BSBOPS501 Manage business resources|12