Unit of competency Outline
Date retreived
23/07/2026 1:04 AM AWST
23/07/2026 1:04 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Develop and implement a business plan
Develop and implement a business plan
Unit of competency
National Code
BSBMGT617
BSBMGT617
State Code
AUK16
AUK16
TGA Status
Replaced
Replaced
DTWD Status
Transition (Replaced)
Transition (Replaced)
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080301 - Business Management
Original Release Date
15/09/2015
Nominal Hours
60
Description
This unit describes the skills and knowledge required to run a business operation and covers the steps required to develop and implement a business plan.It applies to individuals who are running an organisation or who take a senior role in determining the effective functioning and success of the organisation. As such, they may oversee the work of a number of teams and other managers.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Develop business plan
- 1.1 Review and evaluate preexisting strategic, business and operational plan, if available
- 1.2 Analyse and interpret business vision, mission, values and objectives
- 1.3 Consult with key stakeholders
- 1.4 Review market requirements for the product or service, profile customer needs and research pricing options
- 1.5 Develop performance objectives and measures through consultation with key stakeholders
- 1.6 Identify financial, human and physical resource requirements for the business
- 1.7 Consider any permits or licences that may be required for new activity
- 1.8 Write business plan
2. Monitor performance
- 2.1 Communicate business plan to all relevant parties and ensure understanding of performance requirements and timeframes
- 2.2 Ensure skilled labour is available to implement plan
- 2.3 Test performance measurement systems and refine, if necessary
- 2.4 Ensure timely reports on all key aspects of the business are available, userfriendly and balanced in terms of financial and nonfinancial performance
- 2.5 Report system failures, product failures and variances to the business plan as they occur
3. Respond to performance data
- 3.1 Analyse performance reports against planned objectives
- 3.2 Review performance indicators and refine if necessary
- 3.3 Ensure groups and individuals contributing to underperformance are coached, and provide training where appropriate
- 3.4 Review system processes and work methods regularly as part of continuous improvement
No information
No information
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D0853 | BSBMGT617A | Develop and implement a business plan | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| OCF05 | BSBOPS601 | Develop and implement business plans | Unit of competency |