Course Title: Manage business resources
Part A: Course Overview
Program: C5407 Diploma of Leadership and Management
Course Title: Manage business resources
Portfolio: Vocational Education
Nominal Hours: 80Regardless 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.
Please note that this course may have compulsory in-person attendance requirements for some teaching activities.
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Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209.
Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus
Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance.
525T Business & Enterprise
Face-to-Face or Internet
Course Contact: Anahita (Annie) Barry
Course Contact Phone: +61 3 9925 5943
Course Contact Email: firstname.lastname@example.org
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.
Pre-requisite Courses and Assumed Knowledge and Capabilities
National Competency Codes and Titles
National Element Code & Title:
BSBOPS501 Manage business resources
1. Analyse resource requirements
2. Develop resource plans
3. Allocate resources
4. Review and report on resource usage
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.
Overview of Assessment
In order to achieve competency in this unit, you must provide:
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.
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.
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 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.