Course Title: Develop and implement a business plan

Part B: Course Detail

Teaching Period: Term1 2009

Course Code: BUSM7755C

Course Title: Develop and implement a business plan

School: 130T Engineering (TAFE)

Campus: City Campus

Program: C6065 - Advanced Diploma of Spatial Information Services

Course Contact : Stephen Larsen Program Coordinator

Course Contact Phone: (03) 9925 4742

Course Contact Email:stephen.larsen@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Thierry Demathieu - spatial teacher - (03) 9925 8359 - thierry.demathieu@rmit.edu.au

Nominal Hours: 40

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

None

Course Description

This unit covers developing a business plan for an organisation as a guide to achieving specified business objectives


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

PRSIR25A Develop and implement a business plan

Element:

Establish business objectives and monitoring system

Performance Criteria:

1.1 A clear statement about the desired direction of the business is agreed, clearly communicated to all stakeholders and adjusted based on feedback received
1.2 Explicit short and medium term objectives are established as a basis for performance measurement, control and adjustment
1.3 Relevant and effective measures to gauge and monitor performance are established
1.4 Timeframes are established that are achievable and practical

Element:

Formulate and document business plan

Performance Criteria:

4.1 Schedule of activities to achieve required outcomes is prepared
4.2 Measures and methods to monitor plan implementation and outcomes are established
4.3 All components of the business plan are integrated in a standard format to business specifications
4.4 All relevant information and analysis are included in documentation
4.5 Plans are documented in a logical, concise and conclusive manner
4.6 Business plan provides clear direction to enable effective decision making
4.7 Business plan is communicated to relevant parties

Element:

Identify support requirements to achieve objectives

Performance Criteria:

2.1 Specialist services, skills, and resources available within the organisation are identified
2.2 The need for specialised services, skills and resources to complement existing capabilities is identified and costed as a basis for planning additional resource requirements
2.3 Equipment and systems required to facilitate work flow and communications are identified
2.4 Requirements for training are identified which ensures all persons are conversant with services to be provided

Element:

Prepare financial forecasts

Performance Criteria:

3.1 Sources of income are accurately identified
3.2 Income forecasts are prepared using business budgeting formats for services
3.3 Accurate expenses based on known costs are identified
3.4 Expense forecasts that allow for contingencies are prepared
3.5 Adequate return on investment is demonstrated through calculation of a net result for the services


Learning Outcomes



Details of Learning Activities

Teacher led :

Computer Lab, classroom or tutorial instruction in the requirements and related tasks associated with developing and implementing a business plan including the use of computers and relevant software/s, capabilities of survey methodologies and technologies in a simulated workplace environment.

Student managed:

Maintain client and staff dealings using written, oral and/or electronic communications.

Organise management strategies to develop and implement a business plan to industry standards.

Carry out individual exercises comprising research, planning, analysis, computations, data compilation, appraisal and presentation.

Compilation of Portfolio of the business plan development and implementation, examples of work, management reports and data management records.


Teaching Schedule

Session1: Introduction
Session2: Business Structure
Session3: Business planning
Session4: Accounting principles
Session5: Accounting documents
Session6: Earning capacity and financial stability
Session7: Monitoring financial performance
Session8: Prepare a cash flow budget
Session9: Managing business taxes
Session10: Preparing income and expenditure projections
Session11: implement financial strategies
Session12: Case study
Session13: ACSIS risk management and professional indemnity insurance
Session14: Revision
Session15: Revision
Session16: Exam
Session17: Summary of exam
Session18: Presentation


Learning Resources

Prescribed Texts


References


Other Resources

Acts and Regulations, Occupational Health and Safety Commission.
A Bannister and S Raymond, Surveying, 6th edition, 1992, Pitman
Elfick Fryer Brinkner Wolf, Elementary Surveying, 9th edition, 1994, Harper Collins
F A Shepard, Advanced Engineering Surveying problems and solutions, Arnold.

William Irvine, Surveying for Construction, McGraw Hill
http://www.rmit.edu.au/ - Online@RMIT – Program and Course information, documents, resources and links.
http://www.lands.vic.gov.au/ - Land Channel (Victoria) - Survey Mark Enquiry Service, GPSnet, Maps & Images, Property Information, Land Management.
http://www.isaust.org.au - Institute of Surveyors, Australia
http://www.mappingsciences.org.au - Mapping Sciences Institute, Australia
http://www.anzlic.org.au - ANZLIC: Australian and New Zealand Spatial Information Council
http://www.surveyorsboard.vic.gov.au - Surveyors Board, Victoria – Survey Practice Handbook, Key Legislation for Surveyors.
http://www.icsm.gov.au/ - Intergovernmental Committee on Surveying and Mapping - Standards and Practices for Control Surveys
http://www.ga.gov.au/ - Geoscience Australia – National Mapping Agency, Geocentric Datum of Australia, GPS
http://www.workcover.vic.gov.au
http://www.worksafe.vic.gov.au


Overview of Assessment

This course is to be delivered and assessed as part of a Land Development Project within a simulated workplace environment and under a normal range of work conditions.
The assessment is done through a combination of:
• Practical and theoretical exercises carried out in a simulated workplace
• Production of documents associated with the elements of this competency to industry standards
• Presentation of a portfolio in accordance with the program standards (SIS Quality Plan) including references, coursework, reports and business management records.


Assessment Tasks

Assessment 1 = Business Structure (5%)
Assessment 2 = Business planning (5%)
Assessment 3 = Accounting principles (5%)
Assessment 4 = Accounting documents (5%)
Assessment 5 = Earning capacity and financial stability (5%)
Assessment 6 = Monitoring financial performance (5%)
Assessment 7 = Prepare a cash flow budget (5%)
Assessment 8 = Managing business taxes (5%)
Assessment 9 = Preparing income and expenditure projections (5%)
Assessment 10 = implement financial strategies (5%)
Assessment 11 = Exam (50%)


Assessment Matrix

Element: Establish business objectives and monitoring system = Assessment 1, 6, 8, 11
Element: Formulate and document business plan = Assessment 1, 4, 9, 11
Element: Identify support requirements to achieve objectives = Assessment 1, 2, 3, 5, 10, 11
Element: Prepare financial forecasts = Assessment 1, 2, 4, 7, 8, 9,  11

Other Information

The assessment for this course requires students to maintain and present on request a Training Record Book that details their participation in both simulated and workplace assessment activities and achievement of the units or elements of competence which underpin delivery of this course.

Assessment dates.
Assessment due dates will be issued on commencement of the course. Submission of all prescribed assessment tasks by the due dates is expected.

Students are required to participate in the OH&S induction program for this course and at all times follow the occupational health and safety policies and procedures demonstrating appropriate behaviours to ensure the safety of self and others.

Course Overview: Access Course Overview