Modification History
Not Applicable
Unit Descriptor
Unit descriptor |
This unit covers monitoring and reviewing business performance and defines the standard required: to gather and analyse data relating to enterprise performance; review operational structures to determine effectiveness; identify available resources to assess capacity; develop realistic performance indicators; review enterprise operations against performance indicators; plan to improve business performance by addressing results of review. |
Application of the Unit
Application of the unit |
This unit applies to those whose job role covers the functions associated with monitoring and reviewing the business performance of a rural enterprise. |
Licensing/Regulatory Information
Not Applicable
Pre-Requisites
Prerequisite units |
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Employability Skills Information
Employability skills |
This unit contains employability skills. |
Elements and Performance Criteria Pre-Content
Not Applicable
Elements and Performance Criteria
ELEMENT |
PERFORMANCE CRITERIA |
1. Evaluate commercial performance |
1.1. Data relating to enterprise performance is gathered and analysed to identify historical and current performance. 1.2. Operational structures are reviewed and analysed to determine the suitability of organisational processes to enterprise objectives. 1.3. Enterprise strengths and weaknesses are evaluated against market conditions to determine current and future capacities. 1.4. Enterprise objectives are evaluated to identify variations and scope for future development. |
2. Allocate and co-ordinate business resources |
2.1. Roles and responsibilities of personnel are identified and communicated. 2.2. Resource requirements for enterprise are identified and costed using standard financial analysis techniques. 2.3. Costs of ensuring sustainability of enterprise operations are calculated and factored into business planning for the enterprise. |
3. Identify performance requirements |
3.1. Performance indicators are developed and are realistic within available timeframes and resources. 3.2. Factors inhibiting performance against objectives are identified and minimised. 3.3. Market conditions are monitored and assessed based on relevant data and assumptions that are transferable and justifiable. 3.4. Strategies and programs to promote the sustainability of operations are prepared and incorporated into enterprise procedures. |
4. Review business performance |
4.1. Enterprise operations are regularly reviewed to identify opportunities for improvements in performance. 4.2. Impact of natural conditions on enterprise are monitored and anticipated to assess sustainability of resource use. 4.3. Costs and estimates are compared with resource allocation. 4.4. Operational plans are reviewed to determine schedule of activities. |
Required Skills and Knowledge
REQUIRED SKILLS AND KNOWLEDGE |
This section describes the skills and knowledge required for this unit. |
Required skills |
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Required knowledge |
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Evidence Guide
EVIDENCE GUIDE |
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The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package. |
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Overview of assessment |
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Critical aspects for assessment and evidence required to demonstrate competency in this unit |
The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
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Context of and specific resources for assessment |
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances. |
Range Statement
RANGE STATEMENT |
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The range statement relates to the unit of competency as a whole. |
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Data that may be gathered for analysis may include:: |
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The operational structures that may be included for review and analysis include: |
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Factors in market conditions that may be considered include: |
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Standard financial analysis techniques may include: |
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The indicators of business performance may include: |
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Unit Sector(s)
Unit sector |
Business |
Co-requisite units
Co-requisite units |
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Competency field
Competency field |