Course Title: TCF Business Planning
Part B: Course Detail
Teaching Period: Term1 2007
Course Code: BUSM5583L
Course ID: 029967
Course Title: TCF Business Planning
School: 350T Fashion & Textiles
Program Code: C5112 - Diploma of Textiles Clothing and Footwear
Course Contact : Hector Gauci
Course Contact Phone: +61 3 9925 9139
Course Contact Email: hector.gauci@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Ms Kelly Pascoe
+(61 3) 9925 9177
kelly.pascoe@rmit.edu.au
Location
Building: 511
Level: 1
Room: 8
Nominal Hours: 54
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
To provide learners with skills and knowledge to:
• Specify objective and targets for the business
• Prepare and assess a cash flow budget for the planning period
• Test variations of the business plan for effectiveness
• Prepare a profit and loss statement
• Identify and plan appropriate risk management strategies
• Identify any improvements and developments to the business during the planning period
• Identify the contractual aspects relevant to the business.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
LMTSMGN01A Devlp & Implement a Sales or Mktg Plan 05/7 |
Element: |
LMTSMGN01A/01 Analyse business goals and market trends |
Performance Criteria: |
· Business goals and objectives are defined and analysed to assist the formulation of a marketing plan |
Element: |
LMTSMGN01A/02 Establish strategic directions |
Performance Criteria: |
· Directions for marketing are assessed in line with the aims of the business plan, customer requirements, market position, objectives, opportunities and resources of the business |
Element: |
LMTSMGN01A/03 Develop a sales or marketing plan |
Performance Criteria: |
· Business resources and appropriate personnel are identified and utilised to optimise effectiveness of the marketing plan |
Element: |
LMTSMGN01A/04 Implement and monitor sales or marketing plan |
Performance Criteria: |
· Monitoring procedures are established |
Element: |
LMTSMGN01A/05 Conduct plan review |
Performance Criteria: |
· Review of the sales or marketing plan is conducted and the results assessed |
Element: |
LMTSMGN01A/06 Maintain records |
Performance Criteria: |
· Records of sales and marketing planning activities are maintained and reports prepared, where necessary, in accordance with enterprise procedures |
National Element Code & Title: |
RUAAG5203BMA Develop a Business Plan 05/6 |
Element: |
RUAAG5203BMA/01 Specify business objectives and targets |
Performance Criteria: |
· Explicit short and medium-term objectives and targets which reflect the owners preferences for feasible enterprise performance and development. |
Element: |
RUAAG5203BMA/02 Prepare and assess a cash flow budget for the planning period |
Performance Criteria: |
· Information on past receipts and payments are obtained from previous records, compared with current price and cost trends and compiled in a form that enables projections of future receipts and expenditure to be made. |
Element: |
RUAAG5203BMA/03 Test variations in enterprise mix and operation to assess their effect on |
Performance Criteria: |
· Partial budgets are prepared for various feasible alternatives to test their impacts on business performance. |
Element: |
RUAAG5203BMA/04 Prepare trial profit and loss statements and balance sheets |
Performance Criteria: |
· Trial profit and loss and balance sheets are prepared for the budget period following accepted accounting conventions, to test profitability and growth potential. |
Element: |
RUAAG5203BMA/05 Identify and plan appropriate risk management strategies |
Performance Criteria: |
· Sources and types of risks are identified and the probability of their occurrence and consequences assessed. |
Element: |
RUAAG5203BMA/06 Identify the improvements and developments to be made during |
Performance Criteria: |
· Services relevant to the development of plans for the conservation of natural resource are identified and used. |
Element: |
RUAAG5203BMA/07 Identify the rights and obligations of the parties to contracts relevant to |
Performance Criteria: |
· Information is obtained from appropriate sources on the general legal principles underlying contracts and on specific legal aspects of particular contracts as required |
Learning Outcomes
Refer to other sections of guide
Overview of Learning Activities
Details of Learning Activities
PLANNED LEARNING EXPERIENCES:
• Underpinning skills and knowledge delivered in lecture/tutorial.
• Flexible delivery
• Conduct internet research on the factors that will influence the business plan
• Use of computer software to assist in organising the Business Plan structure
Teaching Schedule
Week: 1 16/07/07 Tutorial. ( 3 Individual class times) RMIT Brunswick Campus – Allocated Class Diploma: 1, 2, 3. Business Planning - Orientation Week
Pt.1: • Course Guide. • Wk to Wk Outline
Pt.2:
• Assignment Overview Pt.1 (Learning Outcomes and Assessments)
• Small Business Overview
• Small Business – Student Questionnaire
• Consultation with student groups:
• Brainstorm: Type of Small Business - Operation/Product(s) & Services
Week: 2 23/07/07. Lecture. 3 class groups combined. Actual date and time TBC Venue: Brunswick Business Incubator (BBI)
1. BBI Purpose and Function: Graeme Walker (BBI Operations Manager / CEO
2. BBI Guest Speaker: Starting a business/CASE STUDY (TBC)
3. Assignment Overview Pt.2 RMIT H.Gauci
Consultation with student groups: - Confirmation of Type of Small Business - Operation/Product(s) & Services - TCF Business Plan Assignment (work in progress)
Week: 3 30/07/06. Tutorial. ( 3 Individual class times) RMIT Brunswick Campus – Allocated Class Diploma: 1, 2, 3
• Marketing
• Legal and Administration
• Consultation with student groups:
• TCF Business Plan Assignment (work in progress)
Week: 4 06/08/06. Lecture. 3 class groups combined. Actual date and time TBC. Anthony Phillips: RMIT Business Dep. TCF Business Planning Assignment Overview
• Financial Planning: Pricing, Costing and Break Even
• Operations Plan
• NEIS Program Overview
Week: 5 13/08/06. Lecture. 3 class groups combined. Actual date and time TBC
Business Specialists Guest Speaker Seminar :
• Legal / Retail Tenancy Agreements(TBC)
• Recruitment and selection processes (TBC)
Week: 6 20/08/06. Tutorial ( 3 Individual class times) Flexible Delivery: Optional
By consultation using normal class allocated tutorial time. Research/Field work
Week: 7 27/08/06. Tutorial. ( 3 Individual class times) Flexible Delivery: Optional
By consultation using normal class allocated tutorial time. Research/Field work
Week: 8 03/08/06. Tutorial. ( 3 Individual class times) Flexible Delivery: Optional
By consultation using normal class allocated tutorial time. Research/Field work
Week: 9 10/09/06. Tutorial( 3 Individual class times) Flexible Delivery: Optional
By consultation using normal class allocated tutorial time.Research/Field work
Week: 10 17/09/05. Tutorial. ( 3 Individual class times) Students are advised that the Business Plan (hard copy) Assignment is due: No Later than 10 am Friday 21ST September 2007
Overview of Learning Resources
Learning Resources
Prescribed Texts
References
Other Resources
Essential Learning Resources:
• RMIT BUSINESS: NEiS COURSE NOTES; COURSE E57
• Microsoft Business Planner for the UK and Australia
• Successful Business Planning in 30 Days: A Step-by-Step Guide for Writing a Business Plan and Starting Your Own Business by Peter J. Patsula
Paperback - 224 pages 1st edition (August 2000)
Patsula Media; ISBN: 0967840201 ;
Overview of Assessment
Students create a business plan in line with the strategic plan that incorporates the following aspects:
• Mission statement
• Financial plan (including a budget)
• Marketing plan
• Legal structures and contracts
• Risk management scenarios
Assessment timeline: Progressive assessments
Assessment Tasks
Develop a Business Plan ( for a small business ) 100%
Learners need to demonstrate by means of a range of assessment tasks that they can:
Create a business plan in line with the strategic plan that incorporates the following aspects;
• Mission statement
• Financial plan (including a budget)
• Marketing plan
• Legal structures and contracts
• Risk management scenarios
• Assessment timeline: Progressive assessments
• Learners can make a claim for Approved Prior Learning on entry to the course
• Criteria for your results: HD (high distinction – indicative score 80-100%) or DI (distinction – indicative score 70-79%) or CR (credit – indicative score 60-69%) or PA (pass – indicative score 50-59%) or NN (fail – indicative score 0-49%).
• Negotiation to vary assessment methods may be made in special circumstances. This is subject to the discretion of the trainer after consideration of the learner’s request and is done on a needs basis.
Course Overview: Access Course Overview