BSBOPS402 - Monitoring Business Operational Plans for UpFitness Cafe

This report provides a detailed analysis of monitoring requirements for business operational plans within the context of the UpFitness project, aligning with BSBOPS402 standards. It covers maintaining records for profit performance through transaction identification, classification, balancing accounts, ledger posting, financial statement preparation, and stakeholder communication, all guided by a Record Keeping Policy. Furthermore, it addresses maintaining records for productivity performance, emphasizing employee record retention, electronic record-keeping, personnel file assessment, and retention recording, underpinned by a Record Retention Policy. Finally, the report outlines procedures for rectifying unsatisfactory performance, including problem recognition, meetings, job role reframing, expectation management, action plan development, follow-ups, and progress recognition, guided by an Unsatisfactory Performance and Misconduct policy. This comprehensive approach ensures effective monitoring and improvement of business operations.

BSBOPS402 - Coordinate business operational plans
MONITORING REQUIREMENTS
Completed by
Workplace/Organisation
Date Completed
MAINTAINING RECORDS FOR PROFIT PERFORMANCE
Policy and Procedure
Document
The policy which is being taken into consideration is mentioned as Record
Keeping Policy. This is the policy which helps in analyzing for how the profits are
recorded for the project which is being undertaken and that is Internet Café
Project which helps in identifying the Up fitness Project.
The procedure which is being undertaken for maintaining the records for profit
performance is –
 Identifying the transactions.
 Classifying the transaction nature appropriately for the project.
 Balancing the accounts.
 Posting the ledger.
 Preparing the financial statement and then finally
 Communicating it to the stakeholders.
Policy Statement
Record Keeping Policy is the set of rules which helps in setting the rules to
control information and documentation of the profit performance from the
moment it is received or created at large scale.
Procedures
The procedure for maintaining the records for profit performance are analyzed and are framed to help the
Internet Café Project to identify the aspect of profit performances whether it is in loss or profit. The
procedure for maintaining the records for profit performance are –
 Identifying the transactions in the project.
 Classifying the transaction and of which nature it is.
 Balancing the accounts in an appropriate manner.
 Posting the ledger by filing it appropriately.
 Preparing the financial statement for providing the details of finances for the project.
 Communicating it to the stakeholders.
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MAINTAINING RECORDS FOR PRODUCTIVITY PERFORMANCE
Policy and Procedure
Document
Record Retention Policy is the policy which helps in addressing the aspects as to
how effectively and in appropriate manner the productivity of the employees
for the Internet Café Project is undertaken.
The procedure for maintaining records for productivity performance helps in
analyzing and creating value for which the productivity of employees for the
project is determined and the procedure is described as below –
 Retaining the hiring records.
 Maintaining the record files of employees based on their productive
performance.
 Electronic records are also kept.
 Assessing to personnel files.
 Recording the retention.
Policy Statement
Record Retention Policy helps in creating, preserving and assessing the
company’s employee records for assessing the productivity of employees.
Procedures
There are certain procedures which are analyzed and are enabling the different aspects of how the
maintaining records for productivity performance is framed and followed. The procedure is defined in brief
as –
 Retaining the hiring records.
 Maintaining the record files of employees based on their productive performance which includes
the pre – employment documents, documentation of employment, separation of employment
documents addressed at large scale.
 Electronic records are also kept which creates the system of considering and saving the essential
information and details in the computer and other systems.
 Assessing to personnel files to analyze the productivity of the employees at large scale.
 Recording the retention of the employees which is considered and is helping to maintain the
productivity records.
Therefore, with the help of this procedure, the productive performance of the employee is being recorded
and this helps in analyzing the different measures of how the Internet Café Project is expecting the
employees to be concerned of in an appropriate manner.
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RECTIFYING UNSATISFACTORY PERFORMANCE
Policy and Procedure
Document
There is policy for rectifying or correcting the unsatisfactory performance which
is – Unsatisfactory Performance and Misconduct.
The procedure for rectifying the unsatisfactory performance is –
 Recognizing the problem.
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 Conducting the meeting and asking certain specific questions which are
related to the performance of the employees.
 Reframing the job role expectations.
 Managing employee expectations.
 Development of an action plan.
 Ensuring the follow ups and
 Recognizing the progress.
Policy Statement
When the employee or an individual is unable to provide satisfactory and
productive performance there is rectification which is being done and this
addresses the aspects of growth when the policy is applied.
Procedures
The rectification of the unsatisfactory performance helps in indicating that the work is to be improved so
that better performance is being analyzed and this is created and identified at large scale. The procedures
are described as below –
 Recognizing the problem so that proper solutions are framed and are taken into action at large
scale.
 Conducting the meeting and asking certain specific questions which are related to the performance
of the employees which helps in understanding their issues and queries in significant manner.
 Reframing the job role expectations for the employees involved in the project.
 Managing employee expectations to satisfy their needs and requirements.
 Development of an action plan so that proper framework is analyzed and is created for developing
the aspects of how the rectification is to be done.
 Ensuring the follow ups of how the work is being going and helping to understand that how
effectively there are changes which are to be made further in the project which has been
undertaken.
 Recognizing the progress to be effective and efficient.
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END OF MONITORING REQUIREMENTS
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