BSBOPS501 - Manage business resources

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Unit code: BSBOPS501 | Study level: TAFE
Credit points
N/A
Location
City Campus
Werribee
Prerequisites
N/A
Overview
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Overview

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.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit's learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

  • 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.

Students will also be expected to demonstrate the following knowledge:

  • 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.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the VU Polytechnic and/or via the Victoria University Polytechnic e-Learning system.

As part of a course

This unit is studied as part of the following course(s):

Diploma of Business
BSB50120 | Diploma | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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