Monitor Business Plan | My Assignment Tutor

BSBMGT617 Assessment 4 – Monitor Business PlanYou now have been running the business for 12 months and you need to review how the business is performing comparedto your original business plan.You are to do a review with your assessor and gather the required data to review the implementation of your businessplan.In performing this task, you should:• Consider your business plan developed in Assessment 2• Identify the type of information required to determine the effectiveness of each strategy• Assess the profitability and productivity outcomes of each strategyYou Identify the following areas of under-performance:• Wages were 20% over budget• Cogs were 10% over your estimates• Actual sales were 10% below your forecast figures• Identify improvements that are appropriate to ensure the viability of the business planOnce you have gathered this information, you are to provide a written report that:• comments on the effectiveness of the plans implementation• reviews the financial outcome (in terms of viability, profitability and productivity) of each strategy• outlines the areas of under-performance, along with recommendations for improvements• includes an amended version of your business plan, with the changes highlighted• outlines in detail how the changes will be implementedAssessment SummaryYou are to submit the following• The detailed report as outlined abovePlease use your Student Tool provided in Learner ResourcesDashboard ► My courses ► Hospitality ► SIT60316 – Advanced Diploma of Hospitality Management ► SIT60316 – 2021 ►BSBMGT617 Develop and Implement a Business Plan ► Assessments ► BSBMGT617 Assessment 4 – Monitor Business PlanSubmission status Attempt numberThis is attempt 1 ( 5 attempts allowed ).Submission statusNo attemptGrading statusNot gradedLast modified–Submission commentsComments (0) ADD SUBMISSIONYou have not made a submission yetNAVIGATIONDashboardSite homeSite pagesMy coursesHospitalitySIT50416 – Diploma of Hospitality ManagementSIT60316 – Advanced Diploma of Hospitality ManagementSIT60316 – 2021SIT60316 – Adv Diploma of HM – General InformationSITXFIN005 Manage Physical AssetsSITXMPR007 Develop and Implement Marketing StrategiesBSBMGT617 Develop and Implement a Business PlanParticipantsCompetenciesGradesGeneralZoom Class RecordingsLearner ResourcesLearner VideosOnline Lecture RecordingsAssessmentsBSBMGT617 Assessment 1 – Review 2 Business PlansBSBMGT617 Assessment 2 – Develop Business PlanBSBMGT617 Assessment 3 – Implement a Business PlanBSBMGT617 Assessment 4 – Monitor Business PlanWritten AssessmentEvidence SubmissionBSBFIM601 Manage FinancesSITXWHS004 Establish and Maintain a Work Health an…BSBRSK501 Manage Risk© Copyright VIT (Victorian Institute of Technology Pty Ltd) 2019-2020Victorian Institute of Technology Pty Ltd. City Campus Address: Level 14, 123 Queen Street, Melbourne, Victoria 3000AustraliaPhone: (61) 1300 17 17 55 Email: [email protected] RTO No: 20829 CRICOS Provider No: 02044E ABN: 41 085 128 525You are logged in as shehan mihidukulasuriya (Log out)BSBMGT617-2021Moodle 3.5.12 (Build: 20200704)

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