Course Title: Manage business resources
Part B: Course Detail
Teaching Period: Term1 2025
Course Code: BUSM6517C
Course Title: Manage business resources
School: 525T Business & Enterprise
Campus: City Campus
Program: C5406 - Diploma of Business
Course Contact: Jeremy Glover
Course Contact Phone: +61 3 9925 1485
Course Contact Email: jeremy.glover@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
Alex Iliopoulos Course Leader
alexandra.iliopoulos@rmit.edu.au
Nominal Hours: 80
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 describes the skills and knowledge required to manage resources according to planned business strategies. It includes analysing resource requirements, developing resource plans, allocating resources, and reviewing and reporting on resource usage.
The unit applies to individuals with a role in allocating and monitoring the use of physical and/or human resources to meet defined business objectives.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
BSBOPS501 Manage business resources |
Element: |
1. Analyse resource requirements |
Performance Criteria: |
1.1 Develop resource bids according to required outputs specified in business plans 1.2 Consult with relevant stakeholders and determine the nature and level of resources required 1.3 Analyse resource requirements and identify proposed costs and benefits 1.4 Identify opportunities to share resources across business units within the organisation |
Element: |
2. Develop resource plans |
Performance Criteria: |
2.1 Determine internal resourcing capabilities and external resourcing requirements 2.2 Develop procedures for the evaluation of resource allocation and incorporate them in resource plans 2.3 Identify risks and establish risk management processes 2.4 Obtain required approvals from relevant personnel |
Element: |
3. Allocate resources |
Performance Criteria: |
3.1 Identify and adhere to organisational policies and procedures for resource allocation 3.2 Manage resource allocation according to business unit objectives 3.3 Negotiate and obtain resources within required timeframe according to business unit objectives 3.4 Develop and implement systems for monitoring resource usage |
Element: |
4. Review and report on resource usage |
Performance Criteria: |
4.1 Develop and implement procedures to review resource allocation against business unit objectives 4.2 Suggest improvements to work practices for the efficient use of resources 4.3 Monitor compliance with program and project budgets and take corrective action where necessary 4.4 Prepare report that indicates the level of performance achieved and any action taken to adjust or rectify procedures in meeting service and product delivery standards |
Learning Outcomes
This course is structured to provide students with the optimum learning experience in order to demonstrate the skills and knowledge required to manage resources according to planned business strategies.
Details of Learning Activities
A range of learning activities are provided in this course. These include collaborative classroom based activities and online self-paced activities.
Classroom: The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice your skills in a simulated workplace environment. We expect you to participate and contribute in all scheduled learning activities.
Pre-Class: This is online, by logging on to your Canvas course, and includes required pre-class reading and activities. Other self-paced activities will be delivered through various technology platforms. These may include your contribution to discussion threads, reflective journals, quizzes and interactive sessions.
Sessions: There is one face-to-face classroom/online session for this unit each week which includes tutorials and workshops. There are additional activities to support learning and research.
Teaching Schedule
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Course Schedule: Semester 1 2025
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Week
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Week Commencing
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Topic / Activities
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Assessment
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Week 1
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10th Feb 2025 |
Course Induction |
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Week 2
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17 Feb 2025
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Accounting & Business Concepts
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Week 3
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24th Feb 2025
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Understanding and clarifying budgets and financial plans
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Week 4
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3rd March 2025
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Analysing cost concepts and cost behaviour
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Week 5
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10th March 2025
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Communication, Approvals and Risk Management
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Week 6
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17th March 2025
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Resource Procurement and Allocation
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Assessment 1: Part B Role Play Observation Due
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Week 7
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24th March 2025
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Implementation of Budgets and Business Resource Plans
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Assessment 1: Part A & C Written Submission Due |
Week 8 |
31st March 2025 |
Monitoring Budgets and Business Resource Plans
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Week 9
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7th April 2025
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Resource Procurement, Risk Registers & Communication
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Week 10
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14th April 2025
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Outsourcing and managing resources according to business unit objectives
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Assessment 2: Case Study Due
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Mid Semester Break 18th April 2025 to 25th April 2025 | |||
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Week 11
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28th April 2025 |
Legislative & Regulatory Compliance
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Week 12
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5th May 2025
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Organisational Strategy & Financial Statements
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Week 13
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12th May 2025
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Understanding organisational capabilities
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Week 14
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19th May 2025
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Continuous Improvement
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Week 15
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26th May 2025
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Assessment Task 3 Review and feedback session
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Assessment 3: Progress Report Due
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Week 16
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2nd June 2025
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Re-submissions and resit
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Assessment Resubmissions
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Learning Resources
Prescribed Texts
References
Other Resources
Overview of Assessment
In order to achieve competency in this unit, you must provide:
Performance Evidence
The candidate must demonstrate the ability to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including evidence of the ability to:
- develop, implement and review at least three resource plans.
In the course of the above, the candidate must:
- consult with stakeholders and analyse information to determine the nature and level of resources required to achieve business objectives
- plan for, acquire and allocate the resources, incorporating strategies to maximise efficiency and manage risk
- develop and implement systems to:
- incorporate efficient use of resources into work practices
- monitor resource use against budgets and business objectives
- prepare a report that indicates the level of performance achieved and any adjustments needed to achieve service and product delivery standards.
Knowledge Evidence
The candidate must be able to demonstrate knowledge to complete the tasks outlined in the elements, performance criteria and foundation skills of this unit, including knowledge of:
- legislative and regulatory context of the organisation in relation to managing resources
- contents of resource plans including:
- acquisition and allocation of resources
- timelines and the relationship to business strategies
- contingency plans and processes
- costs and budgets
- resource acquisition processes
- managing finance, including project budgets
- resource allocation review procedures
- objectives of business unit
- typical risks associated with managing business resources and risk management strategies
- procedures for risk management, including requirements for the consideration of potential changes in government priorities
- key elements and sources of information required to monitor usage of:
- physical resources
- human resources.
Assessment Conditions
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
- relevant legislation, regulations, standards and codes
- workplace documentation and resources.
Feedback
Feedback will be provided throughout the semester in class and/or online discussions. You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.
You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.
Assessment Tasks
This course is delivered as a cluster with ACCT5434C Manage Budgets and Financial Plans
This course includes three (3) assessment tasks. All three (3) assessment tasks must be satisfactorily completed to achieve competency in the course. All assessment tasks are based on a simulated work environment provided via an organisational Case Study. All three assessment tasks will guide students through all the stages required to prepare 3 resource plans and financial budgets.
Assessment Task 1: Planning, conducting and communicating budgets and resource plans
Due Date: Week 7
The purpose of this assessment is to allow students to demonstrate a range of skills and knowledge including their understanding of the following key areas:
- Planning financial management approaches
- Analysing resource requirements
- Developing resource plans including the allocation of resources
- Principles in risk, resource and legislative management and compliance.
This assessment will guide students through the planning, preparation and communication required when completing 3 resource plans and budgets for an organisation. The assessment is split into three parts where:
PART A: Resource Meeting Planning - Students will prepare budgets for a resource and finance planning meeting
Consisting of two (2) questions/tasks, this part of the assessment requires students to independently collate, analyse and complete resource planning and budget information. This will be reviewed during the resource plan meeting (Part B).
PART B: Conduct the Resource Meeting - Students will conduct a meeting to discuss the requirements of the budgets and resource plans. This will be an Observed Role Play.
In this part students will join with two other students to form a group of three. In each group students will conduct a role play of a resource plan meeting, where each resource plan will be discussed. Students will take it in turns to play the role of the resource manager and the remaining two students will support the discussion as the relevant department leads.
PART C: Communicate Meeting Outcomes - Students will communicate the outcomes of the resource meeting to all relevant parties.
Consisting of four (4) questions/tasks, this part of the assessment requires students to demonstrate their understanding of:
- Communicating meeting outcomes
- Addressing ATO and GST, legislative, accounting and risk management principles
- Identifying resource acquisition and allocation processes
- Identifying elements required to monitor usage of physical and human resources
Assessment Task 2: Case Study
Due Date: Week 10
The purpose of this assessment is to allow students to demonstrate a range of skills and knowledge including their understanding of the following key areas:
- Planning, implementing and reviewing financial plans and resource management practices
- Analysing resource requirements
- Developing resource plans including the allocation of resources
This assessment task requires students to complete ten (10) questions/tasks based on a provided Case Study. The assessment is divided into three parts where:
Part A: Resource planning and Evaluation Framework - Students will be required to complete two (2) questions covering risk management, policies and resource planning concepts.
Part B: Determine resource requirements - Students will be required to complete four (4) questions specifically addressing the resource needs of the 3 required resource plans
Part C: Implement budgets and allocate resources - Students will be required to complete four (4) questions/tasks to implement the budgets and allocate resources required for the three resource plans.
Assessment Task 3: Progress Report
Due Date: Week 15
This is the third assessment required for this unit.
The purpose of this assessment is to allow students to demonstrate a range of skills and knowledge including their understanding of the following key areas:
- Implementing and reviewing financial plans and resource management practices
- Developing resource plans including the allocation of resources
- Reviewing, evaluating, and reporting on financial management plans and resource use
Assessment Task 3 is split into three parts:
PART A: Monitor and review resource and financial plans - Students are required to complete one (1) question addressing the monitoring and review procedures required for their three resource and finance plans.
PART B: Stingray Progress Report - Students are required to complete three (3) questions/ tasks required to report on the progress of their three finance and resource plans.
PART C: Implement review and evaluate financial and resource plan improvements - Students are required to complete three questions/tasks in evaluating their resource and finance plans.
Assessment Matrix
The competency assessment map that maps all the assessment tasks is available on CANVAS mapping document
Submission Requirements
You should:
- Ensure that you submit assessments on or before the due date.
- Always retain a copy of your assessment tasks. (hard copy and soft copy)
- When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
- Each page of your assessment should include a footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
If you are prevented from submitting an assessment item on time, by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
Where an extension of greater than seven days is needed, you must apply for Special Consideration. You must submit your application within five working days after your assessment date or due date.
More Information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Re-submissions (VE Programs):
If you are found to be unsuccessful (Not satisfactory/Unsatisfactory) in a Course Assessment Task you will be allowed one re-submission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the re-submission.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. For more information about the circumstances under which assessment arrangements might be granted please access the following website:
Final Results
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
The following grades are available for this course:
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CA |
Competency Achieved |
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NYC |
Not Yet Competent |
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DNS |
Did Not Submit for Assessment |
Other Information
Submission Requirements
You should:
• Ensure that you submit assessments on or before the due date via Canvas.
• Always retain a copy of your assessment tasks. (hard copy and soft copy)
• When you submit work for assessment at RMIT University you need to use the Assessment task document that includes a declaration and statement of authorship.
• Each page of your assessment should include a footer with your name, student number, the title of the assessment, unit code and title and page numbers.
Late Submission Procedures
You are required to submit assessment items and/or ensure performance based assessment is completed by the due dates.
Extension of Time. If you are prevented from submitting an assessment item on time by circumstances outside your control, you may apply in advance to your teacher for an extension to the due date of up to seven calendar days.
More information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/extensions-of-time-for-submission-of-assessable-work
Form to use is found in the section "How to apply."
Special Consideration. Where more than seven days is needed, you must apply for Special Consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination.
More information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/special-consideration
Resubmission (VE Programs)
If you are found to be Not Yet Competent in a course assessment task (or you do not submit the assessment tasks/attend the assessment) you will be allowed one resubmission. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission in Canvas.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment.
More information: https://www.rmit.edu.au/students/student-essentials/assessment-and-exams/assessment/adjustments-to-assessment
Marking Guide (Competency):
You must demonstrate that you have all the required skills/knowledge/elements in the unit of competency you are studying. You will receive feedback on each assessment task that will inform you about your progress and how well you are performing.
- CA Competency Achieved
- NYC Not Yet Competent
- DNS Did Not Submit for assessment
Course Overview: Access Course Overview