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The Australian College of Business Intelligence does not invite reliance upon, nor accept responsibility for, the information it provides.

Assessment Guide:
BSBWRK520 Manage employee relations

Copyright 2019
? Australian College of Business Intelligence
All rights reserved
Version: 19.0
Date Modified: September 2019
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of Australian College of Business Intelligence.
Disclaimer:
The Australian College of Business Intelligence does not invite reliance upon, nor accept responsibility for, the information it provides. The Australian College of Business Intelligence makes every effort to provide a high-quality service. However, neither the Australian College of Business Intelligence, nor the providers of data, gives any guarantees, undertakings or warranties concerning the accuracy, completeness or up-to-date nature of the information provided. Users should confirm information from another source if it is of sufficient importance for them to do so.

Contents
1. Assessment Information 4
A. Purpose of assessment 4
B. What you are required to do 4
C. Competencies being assessed 4
D. Important resources for completing this assessment 5
E. A note on plagiarism and referencing 6
F. A note on questions with role plays 6
G. Instructions for completing this assessment 6
2. Assessment Coversheet 8
3. Assessment Questions 9
A. Task A – Manage conflict 9
B. Task B – Develop employee and industrial relations policies 14
C. Task C – Implement employee relations policies and plans 20
4. Student Self Checklist 26

1. Assessment Information
A. Purpose of assessment
This assessment will develop your skills and knowledge required to manage employee and industrial relations matters in an organisation. It involves developing and implementing employee and industrial relations policies and plans and managing conflict resolution negotiations.
B. What you are required to do
For this assessment, you are required to complete 4 tasks:
• Task A – Manage Conflict
• Task B – Develop employee and industrial relations policies and plans
• Task C – Implement employee relations policies and plans
All tasks of this assessment require you to use the provided case study information relating to the fictional company Bounce Fitness.
C. Competencies being assessed
Elements
To achieve competency in this unit you must demonstrate your ability to:
1. Develop employee and industrial relations policies and plans
2. Implement employee relations policies and plans
3. Manage negotiations to resolve conflict
Performance Evidence
Evidence of the ability to:
• Analyse organisational documentation to determine long-term employee relations objectives and current employee relations performance
• Collaborate with others to develop and review industrial relations policies and plans
• Develop implementation and contingency plans for industrial relations policies
• Identify the skills and knowledge needed to implement the plan and organise training and development for self and staff
• Document and communicate strategies and procedures for eliminating and dealing with grievances and disputes
• Train others in conflict-resolution techniques
• Manage industrial relations conflicts, including advocating the organisation’s position during negotiations and documenting, implementing and following up agreements
Knowledge Evidence
To complete the unit requirements safely and effectively, the Candidate must be able to demonstrate knowledge of the following:
• Key features of relevant industrial relations legislation or regulations
• Key features of enterprise and workplace bargaining processes
• Key features of relevant entities in the current Australian industrial relations system, including courts and tribunals, trade unions and employer bodies
• Key sources of expert industrial relations advice
• Key features of relevant organisational policies and procedures
• Key features of organisational objectives
For further information on the competencies of this unit, please refer to: https://training.gov.au/Training/Details/BSBWRK520
D. Important resources for completing this assessment
To complete this assessment, please refer to the following resources provided on Moodle:
• BSBWRK520 Manage employee relations learner guide
• BSBWRK520 Observation checklist
• BSBWRK520 Marking Guide
• BSBWRK520 Case study folder
• BSBWRK520 Legislation, regulation, codes and standards folder
• Additional student assessment information
E. A note on plagiarism and referencing
Plagiarism is a form of theft where the work, ideas, inventions etc. of other people are presented as your own.
When quoting or paraphrasing from a source such as the Internet, the source must be recognised. If you are quoting a source, make sure to acknowledge this by including “quotation marks” around the relevant words/sentences or ideas. Note the source at the point at which it is included within your assessment, such as by using a citation. Then list the full details of the source in a ‘references’ section at the end of your assessment.
All sources used for your assessment should be detailed in a ‘references’ section. It is advisable to never copy another person’s work.
F. A note on questions with role plays
The following questions involve role plays:
• Task A, Question A3
• Task B, Question B4
• Task C, Question C6
For these questions, as outlined below, you will be assessed on your ability to role play being a Human Resources (HR) Manager at OzMarket Consulting. These questions require you to manage meetings and take notes on what is discussed.
Your Trainer & Assessor will observe your meeting for Task A, Question A3.
Please note: You will also need to attend separate meetings organised by other students whereby they role play being other people. This allows other students to role play being the HR Manager. You do not need to take notes at meetings during which you are not role playing being the HR Manager.
G. Instructions for completing this assessment
Answer the questions below using the spaces provided:
• Answer all parts of each question
• Use your own words and give examples wherever possible
• The quality of your answer is more important than how long it is
• Enter your answers in this document
You may use various sources of information to inform your answers, including your resources provided by ACBI, books, and online sources. You must acknowledge and cite your sources.
Submission via Moodle
Please refer to the “Instructions for Submitting Your Assessment” found within the unit course page on Moodle.
NOTE: Please take care to follow all instructions listed. Assessments uploaded with a draft status on Moodle may not be graded.

2. Assessment Coversheet
Candidate Name:
Student ID:
Contact Number:
Email:
Trainer / Assessor Name:
Qualification: BSB50618 Diploma of Human Resources Management
Units of Competency: BSBWRK520 Manage employee relations
Assessment Tasks: ? A. Manage conflict
? B. Develop employee and industrial relations policies and plans
? C. Implement employee relations policies and plans
Due Date: Date Submitted:
Declaration: I have read and understood the following information at the beginning of this assessment guide (please tick):
? Assessment information
? Submitting assessments
? Plagiarism and referencing
I declare this assessment is my own work and where the work is of others, I have fully referenced that material.
Name (please print):
Candidate signature:
Date:
3. Assessment Questions
A. Task A – Manage conflict
This task requires you to demonstrate understanding of addressing conflicts and grievances, using a case study involving Raynar Fabrication.
NOTE: To complete this task, you must read and refer to the “BSBWRK520 Case study” document provided on Moodle.
A1. Create a procedure with at least five (5) steps that can be used to address the conflict situation at Raynar Fabrication.
NOTE: You may use standard process mapping notation or step-by-step instructions. Refer to pages 55-56 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.
Write your answer here
A2. Complete the conflict resolution form provided below, with reference to the conflict between Tony, the staff member and the foreman at Raynar.
NOTE: Refer to page 69-74 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 100-150 words.

The incident that led to the grievance: Write your answer here
The parties involved in the conflict: Write your answer here
Documentation to be consulted to provide additional information on the grievance: Write your answer here
The organisation’s position on the conflict: Write your answer here
Ways to eliminate or alleviate the source of the conflict: Write your answer here
The planned negotiation strategy: Write your answer here
The desired negotiation outcomes: Write your answer here
The negotiation timeframes: Write your answer here
Is expert or specialist advice required? Write your answer here
A3.
THE SCENARIO:
Now you have prepared for a conflict resolution meeting, you need to discuss the grievance and negotiate a solution. Set up a meeting with:
• You, acting as the Human Resources Manager at OzMarket Consulting
• Tony, as role played by another student in your unit
NOTE: Your Trainer & Assessor will also observe this meeting.
WHAT YOU NEED TO DO BEFORE YOUR MEETING:
Organise a day and time for your meeting, in line with the availability of other students in your unit as well as your Trainer & Assessor. This meeting should take 5-10 minutes.
You are required to manage the meeting. Prior to the meeting ensure you have read the instructions below on what you’ll be required to do during the meeting and prepare as necessary.
WHAT YOU NEED TO DO DURING YOUR MEETING:
Use the meeting to discuss Tony’s grievance and negotiate a path through the problem:
• Find out as much as you can about the sources of the conflict from Tony’s perspective
• Advocate Raynar’s position in the conflict
• Obtain Tony’s agreement to return to work on suitable duties immediately
Ensure you take note of what you discuss during the meeting.
WHAT YOU NEED TO DO AFTER YOUR MEETING:
1. Record notes of what was discussed during your meeting. Answer in 50-100 words in the space provided below
2. Create a memo addressed to management and the foreman in question outlining the results of the meeting, the agreements made and what they are to do to implement the agreement. Answer in 50-100 words in the space provided below.
Meeting notes
Write your answer here
Memo
Write your answer here
A4. Read the scenario below, then answer the following question.
Not long after your meeting with Tony, he contacts you to say that he has returned to work as per your agreement but that the foreman has assigned him janitorial duties. He says that this work is demeaning and is designed to punish him for making trouble. He says he is willing to work through the situation but that these are hardly suitable duties and that Raynar isn’t keeping up with its side of the agreement.
Describe how you will respond in this situation, including:
• What remedial action you will take
• Who you will report the non-compliance to and how you will report it
• What recommendations you will give to Raynar on how to handle the situation
NOTE: Refer to page 79 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 100-200 words.
Write your answer here


B. Task B – Develop employee and industrial relations policies
This task requires you to review Raynar Fabrication’s existing industrial relations, then identify opportunities and develop new policies.
The Scenario:
Following Tony reporting the potential hazard, Rayner held discussions on Workplace Health and Safety (WHS). During these WHS discussions Raynar recognised some of their policies and procedures may not meet current legislation, regulations and industry best practice.
Your manager has approached you to be a member of the team that is to undertake research to identify any potential areas for improvements. The team leader, Janice, has asked you to focus on Employee Relations, with a particular focus on policies, plans, procedures and strategies.
PLEASE NOTE: To complete this task, you must also read and refer to the “BSBWRK520 Case study” document provided on Moodle.
B1. Review the information on Raynar Fabrication’s strategic and operational plans. Identify the company’s organisational objectives, then describe its long-term employee relations.
NOTE: Refer to pages 16-17 of the “BSBWRK520 Manage employee relations learner guide” document and pages 7-9 of the “BSBWRK520 Case study” document provided on Moodle to inform your answer. Answer in 50-100 words.
Write your answer here

B2. Analyse Raynar Fabrication’s existing employee relations performance by conducting a SWOT analysis – that is describe:
• Strengths
• Weaknesses
• Opportunities
• Threats
NOTE: Refer to pages 18-20 of the “BSBWRK520 Manage employee relations learner guide” document and page 7 of the “BSBWRK520 Case study” document provided on Moodle to inform your answer. Answer in 40-80 words.

Strengths Weaknesses
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Opportunities Threats
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B3. From the SWOT analysis you conducted in the previous question (Part B, Question 2),, select two or more options Raynar Fabrication has to improve its employee relations. For each option conduct a cost-risk-benefit analysis which outlines:
• Option – describe the opportunity
• Cost – identify costs involved in implementing each option
• Risk – describe the risks involved in implementing each option
• Benefit – describe the possible benefits of each of each option
• F/MF/NF – assess how feasible the idea is:
o Feasible (F),
o Maybe feasible (MF), OR
o Not feasible (NF)
NOTE: Refer to page 32 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.

Option Cost Risk Benefit F MF/NF
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B4.
The scenario
Your SWOT and cost-risk-benefit analysis has been well received both by your team leader and the management team as a whole. As such, you’ve been asked to assist in correcting and updating Raynar Fabrication’s industrial relations policies and plans. Your team consists of three people:
• You, acting as a Human Resources Manager at OzMarket Consulting
• Janice, the team leader
• A HR Coordinator at OzMarket Consulting, as role played by another student in your unit
As a number of policies and plans need to be reviewed, updated or developed, the three of you have decided to start with the policy and plan that is most urgent, the grievance policy. The grievance policy is most urgent because it the current policy has been found to incorrectly refer to leave entitlements, due to an erroneous copy and paste. Raynar Fabrications also has decided they need a grievance policy that reflects its business culture.
Janice has had to take time off work to care for a sick relative so has asked you to attend a meeting with the HR Coordinator to discuss the requirements for the policy, and afterwards send her an email summarising the discussions and suggesting a direction.
Set up a meeting with:
• You, role playing being Human Resources Manager at OzMarket Consulting
• The HR Coordinator, as role played by another student in your unit
Prior to the meeting, undertake some research into grievance policies to:
• Identify three (3) different styles of grievance policy (based on different industries). Different styles may include language, style, format or other factors
• Determine the most appropriate style for your industry
• Identify any legal requirements for grievance policies
Use the meeting to collaborate on developing the grievance policy. Discuss and reach an agreement as to what should be included in the grievance policy, the style of the grievance policy and the format of the grievance policy.
After the meeting, prepare a summary that could be emailed to Janice outlining:
• What was discussed during the meeting
• What should be included in the grievance policy
• The recommended style and format for the grievance policy
NOTE: Refer to pages 33-34 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.
Write your answer here

B5. Janice agrees with your recommendations for the Rayner Fabrication grievance policy. Develop the policy and document it below.
NOTE: Refer to page 16 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.
Write your answer here


C. Task C – Implement employee relations policies and plans
This task requires you to develop an implementation plan, train staff and review policies in relation to employee relations.
PLEASE NOTE: To complete this task, refer to the “BSBWRK520 Case study” document provided on Moodle.
C1. The policy you developed in Task B, Question 5 has been approved. Develop an implementation plan for the new Raynar grievance policy. Ensure your plan includes at least four actions.
NOTE: Answer using the table provided below. Refer to page 43-46 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.
Action required Responsibility Timeline Strategies/tactics Resources/budget
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C2. Develop contingency plans for implementing the new Raynar grievance policy.
NOTE: Answer using the table below. Refer to page 47-50 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.

Risk Impact Likelihood Contingency action(s)
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C3. Outline the skills and knowledge needed by Raynar’s management and employees to effectively implement the grievance policy and its related contingency plans.
NOTE: Refer to page 36-39 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

C4. You now need to prepare an email to managers and supervisors at Raynar about the new grievance policy and plan. Ensure your email:
• Explain the reasons why the grievance policy is being implemented and what it means to managers and supervisors in their role at Raynar
• Assure the managers and supervisors that their input is valuable, and give them the opportunity to provide comments and feedback
• Uses positive language while making it clear that following the new grievance policy is part of Raynar’s obligations under WHS legislation and that it will help people in their roles.
NOTE: Refer to pages 51-52 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 40-80 words.
Write your answer here

C5. Prepare copy (written text) for a fact sheet that you will use as handout during training to explain the importance of good employee relations. Ensure the fact sheet copy outlines:
• Key features of industrial relations legislation and regulations relating to Raynar Fabrications
• Key features of enterprise and workplace bargaining processes
• Key features of relevant entities within the industrial relations system, including courts, tribunals, trade unions and employer bodies and how they work together
• Key sources of expert industrial relations advice
• Key features of relevant organisational policies and procedures
• An outline of the process to be used for addressing grievances and conflict under the new grievance policy
NOTE: Refer to pages 25-31, 66-67, 81-84 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 100-200 words.
Write your answer here

C6. You now need to train staff at Raynar Fabrications on conflict management techniques. Set up a meeting with:
• You, acting as a HR Manager at OzMarket Consulting
• A relevant staff member at Raynar Fabrications, as role played by another student in your unit.
Use the meeting to:
• Give a description of conflict management
• Explain why conflict management is necessary
• Provide training in two conflict management techniques
• Seek feedback on the new grievance policy to determine if its meeting its intended outcomes
After the meeting, record notes on how your training went. Also record the feedback received and assess if the new employee relations policy is meeting its intended outcomes.
NOTE: Refer to pages 25-31, 66-67, 81-84 of the “BSBWRK520 Manage employee relations learner guide” document provided on Moodle to inform your answer. Answer in 50-100 words.
Meeting notes:
Write your answer here

4. Student Self Checklist
A. Student Self Checklist for Tasks A – C
Candidate name:
Unit of Competency: BSBWRK520 Manage employee relations
Instructions:
Place a tick ‘? ’ in the Yes (“Y”) column for each question you have completed all parts for.
Task A – Manage Conflict
Did you: Y
?
A1: Create a procedure with at least five (5) steps for resolving the conflict situation at Raynar Fabrication?
A2: Complete the provided conflict resolution form, with reference to the conflict between Tony, the staff member and the foreman at Raynar?
A3: Set up a meeting with:
• You, acting as the Human Resources Manager at OzMarket Consulting?
• Tony, as role played by another student in your unit?
Use the meeting to discuss Tony’s grievance and negotiate a path through the problem:
• Find out as much as you can about the sources of the conflict from Tony’s perspective?
• Advocate Raynar’s position in the conflict?
• Obtain Tony’s agreement to return to work on suitable duties immediately?
After the meeting:
1. Record notes of what was discussed during the meeting?
2. Create a memo addressed to management and the foreman in question outlining the results of the meeting, the agreements made and what they are to do to implement the agreement?
A4: Read the scenario provided in the question? Describe how you will respond in this scenario, including:
• What remedial action you will take?
• Who you will report the non-compliance to and how you will report it?
• What recommendations you will give to Raynar on how to handle the situation?
Task B – Develop employee and industrial relations policies and plans
Did you: Y
?
B1: Review the information on Raynar Fabrication’s strategic and operational plans? Identify the company’s organisational objectives, then describe its long-term employee relations?
B2: Analyse Raynar Fabrication’s existing employee relations performance by conducting a SWOT analysis?
B3: From the SWOT analysis you conducted in the previous question (Part B, Question 2), select two or more options Raynar Fabrication has to improve its employee relations? For each option conduct a cost-risk-benefit analysis which outlines:
• Option – describe the opportunity?
• Cost – identify costs involved in implementing each option?
• Risk – describe the risks involved in implementing each option?
• Benefit – describe the possible benefits of each of each option?
• F/MF/NF – assess how feasible the idea is: Feasible (F); Maybe feasible (MF); OR Not feasible (NF)?
B4: Set up a meeting with:
• You, role playing being Human Resources Manager at OzMarket Consulting?
• The HR Coordinator, as role played by another student in your unit?
Use the meeting to:
• Collaborate on developing the grievance policy?
• Discuss and reach an agreement as to what should be included in the grievance policy, the style of the grievance policy and the format of the grievance policy?
After the meeting, prepare a summary that could be emailed to Janice outlining:
• What was discussed during the meeting?
• What should be included in the grievance policy?
• The recommended style and format for the grievance policy?
B5: Develop a greivance policy for Raynar Fabrication?
Task C – Implement employee relations policies and plans
Did you: Y
?
C1: Develop an implementation plan for the new Raynar grievance policy, ensuring your plan includes at least four actions?
C2: Develop contingency plans for implementing the new Raynar grievance policy, using the table provided?
C3: Outline the skills and knowledge needed by Raynar’s management and employees to effectively implement the grievance policy and its related contingency plans?
C4: Prepare an email to managers and supervisors at Raynar about the new grievance policy and plan, ensuring it:
• Explain the reasons why the grievance policy is being implemented and what it means to managers and supervisors in their role at Raynar?
• Assure the managers and supervisors that their input is valuable and give them the opportunity to provide comments and feedback?
• Uses positive language while making it clear that following the new grievance policy is part of Raynar’s obligations under WHS legislation and that it will help people in their roles?
C5: Prepare copy (written text) for a fact sheet that you will use as handout during training to explain the importance of good employee relations? Ensure the fact sheet copy outlines:
• Key features of industrial relations legislation and regulations relating to Raynar Fabrications?
• Key features of enterprise and workplace bargaining processes?
• Key features of relevant entities within the industrial relations system, including courts, tribunals, trade unions and employer bodies and how they work together?
• Key sources of expert industrial relations advice?
• Key features of relevant organisational policies and procedures?
• An outline of the process to be used for addressing grievances and conflict under the new grievance policy?
C6: Set up a meeting with:
• You, acting as a HR Manager at OzMarket Consulting?
• A relevant staff member at Raynar Fabrications, as role played by another student in your unit?
Use the meeting to:
• Give a description of conflict management?
• Explain why conflict management is necessary?
• Provide training in two conflict management techniques?
• Seek feedback on the new grievance policy to determine if its meeting its intended outcomes?
After the meeting, record notes on how your training went? Also record the feedback received and assess if the new employee relations policy is meeting its intended outcomes?

Categories
Writers Solution

King Edward VII College has been operating for 5 years The College is based in Melbourne CBD and has an additional campus in Sydney

1: QUESTIONS (PART B)

TASK SUMMARY:
You are to answer ALL the questions provided in Part A (completed in class) and in this
task – Part B
WHATDO I NEED IN ORDERTO COMPLETETHISASSESSMENT?
· Access to textbooks and other learning materials.
n Access to a computer and the Internet (if you prefer to type your answers).

WHAT 00 I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor marks any of your answers as incorrect, they will talk to you about resubmission. You will need to do one of the following.
· Answer the questions that were incorrect in writing.
· Answer the questions that were incorrect verbally.
INSTRUCTIONS:
For the assessments to be completed in class:
· They are closed-book assessments,
· you must answer the questions by writing in the assessment task; you may attach additional answer sheet. if required .
· For the assessments to be completed after class:
· They are open-book assessments.
· You must submit your answer electronically or via email to your trainer.
· You must answer all questions in the tasks correctly.
· One-word responses will not be accepted as a suffice answer.
· Where word limits are indicated on certain questions. it is normally acceptable to be 10% above or below the indicated word limit, unless the trainer/assessor tells you otherwise.
QUESTION 1
What are the due dates. in each financial year, for lodging Business Activity Statements (BAS) for a business with a turnover of less than $20 million?
QUESTION 2
Go to ATO website- https://www.ato.gov.au and find out:
a. What type of organisations need to register for GST?
b. How many years must businesses keep their records?
What do I need to hand in forthis task? Have I completed this?
Your answers to each question 0
BSBFI M501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 222811 CRICOS Code 03618G Page 14 of 28

ASSESSMENT TASK 2: BUDGET PLANNING PROJECT
TASK SUMMARY:
You are to answer ALL the questions provided in Part A (completed in class) and in this task – Part B
WHAT D01 NEED IN ORDER TO COMPLETE THIS ASSESSMENT
§ Access to textbooks and other Learning materials
· Access to a computer and the Internet
· Master Marketing Budget Template (provided by your assessor). WHAT DO I NEED TO SUBMIT?
· Part A: Minutes of Meeting /PPT slides / email confirming outcome of then meeting.
· Part B :Your completed budget using MS Excel
WHAT DO I NEED TO DO IF I GET SOMETHINGWRONG?
if your assessor marks any part of your budget as incorrect, they will give you some feedback and talk to you about resubmission.
If your assessor sees that you have not shown appropriate skills or knowledge. theywilt give you some feedback and you will need to do the specific task again.
INSTRUCTIONS:
PART A: ROLE PLAY MEET WITH THE CEO
King Edward VII College has been operating for 5 years The College is based in Melbourne CBD and has an additional campus in Sydney. The College offers a range of courses in management, marketing. human resources and international business and currently has around 500 students enrolled across all of its courses, Courses are offered at all levels from Certificate II to Graduate Diploma. The College is very popular due to its competitive pricing structure, innovative teaching methods and state of the art facilities.
The College currentlyemploys 24 staff members that include the CEO. a Marketing Managerand Marketing Assistant Promotions Officer. Human Resources Manager Operations and Finance Manager. Administration Manager. Office Assistant, Receptionist, Academic Manager Student Services Officer and approximately14 trainers.
As the Marketing Manager for the company, you are allocated a budget each year to spend on marketing.
This year the budget you have been allocated is $25,000, which is approximately l0% of revenue. Your budget does not include salaries and wages of staff. which is accounted for through another cost centre.
Your marketing plan for the year includes the activities below. The amounts in brackets are your cost projections for each activity
Redesign website to improve branding ($5.000)
Design and implement an incentive scheme for referrals by students ($2.400) Conduct a radio advertising campaign 010.000
Online communications – newsletters. websites, blogs. Twitter (zero – staff time only) Stand at VCE Careers Expo 2016 (Stand package $3.300)
Develop and publish 2016 promotional brochure ($1.500)
Sponsor community organisation to improve local community profile ($2,000)
BSBAM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4ifl Right I RIO Code 22281 I CRICOS Code 03618G Page 16 of 28

n
Contingency amount ($800) You would also like to conduct a7V advertising campaign and have been quoted a price of $30.000to run the campaign. As this is obviously well over the budget limit. you need to negotiate an increase in budget in 0.rder to fits negotiate this increase you will need to research and present an argument for using TV advertising and its bene for the company.
Complete the following activities:
1. Review the case study information provided to you (if you are not working. use your knowledge of your own
organisation and the budget allocated to your work team for the year).
2.
Based on amounts allocated to each marketing activity, complete the budget template provided to you by your assessor. if you are working you may complete your own budget templates.
4. Participate in a meeting with your CEO (role-played by your assessor) to discuss the marketing budget. At the meeting, you will need to:
provide a copy of your completed budget to the CEO explain each of the planned marketing activities
n confirm the amount allocated to each of the marketing activities. including the amount allocated for contingencies
n negotiate to increase the budget to accommodate the 1V advertising campaign you wish to run (as per the case study information. you wilt need to present the benefits of television advertising to convince the CEO)
Note: Where this meeting is conducted in the workplace, the requirements discussed wilt relate to the workplace project and the resource requirements. You will also need to identify a required budget increase and negotiate for this at a meeting about your budget with your senior manager.
5. During the meeting. you will need to demonstrate effective communication skills including:
· asking questions to identify required information
n responding to questions as required
· using active listening techniques to confirm information
6. Following the meeting. send a copy of the final budget to your assessor.
PART B: MEET WITH TEAM TO DISCUSS BUDGET
1. Meet with your team to discuss the budget.
2. During the meeting, you will need to demonstrate effective communication skills. including:
· asking questions to identify required information
· responding to questions as required
· using active listening techniques to confirm information
3. At the meeting you will need to:
discuss the overall budget allocation
· discuss the amounts allocated to each marketing activity
· discuss contingency plans
· provide an outline of the financial management policies and procedure
What do I need to hand in for this task? Have I completed this?
Part A: Minutes of the meeting /PPT slides /email 0
Part B :Your completed budget using MS Excel 0
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4 in Right 1 RTO Code 222811 CRICOS Code 03618G Page 17 of 28
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ASSESSMENT TASK 3: MONITOR AND CONTROL FINANCE PROJECT
TSK SUMMARY:This assessment task requires you to monitor and control finances for the marketing department for King Edward VII College and provide a budget and
expenditure report to the CEO.
WHAT DO I NEED IN ORDER TO COMPLETE THIS ASSESSMENT?
· Access to textbooks and other learning materials
n Access to a computer and the Internet
· Actual figures – Marketing 2015-16 document (provided by your assessor)
n Financial policy and procedure (provided by your assessor).
WHAT DO I NEED TO SUBMIT FOR THIS TASK?
· Completed budget
· Your report
WHAT DO 1 NEED TO DO IF 1 GET SOMETHING WRONG?
If your assessor marks any part of your budget as incorrect, they will give you some feedback and talk to you about resubmission.
INSTRUCTIONS:
As per the company policy, you are responsible for monitoring and recording expenditure each month. Imagine that the finance department has provided you a report on expenditure for 2015-2016.
Your assessor wilt provide you with these figures. There will also be some notes included to assist you to complete this task.
Note that the company deems a standard variance in budgets of up to 5% acceptable.
Note: If you are completing this assessment task in the workplace you will need to access budget information for your work team and use it to complete this task.
1. Enter the amounts into your budget under actual expenses.
2. Identify any expenditure overruns.
3. Report on the budget and expenditure including:
a) projected budget and actual budget and variations
b) overall levet of variance. as well as variance for individual marketing activities
c) reasons for overruns
d) proposed solutions for following years budget
4. You should also provide a copy of the budget showing projected, as welt as actual figures. Send both the report and the budget to your assessor.
What do I need to hand in for this task? Have I completed this?
Completed budget 0
Your report 0
1358F1M501 Manage budgets and financial plans
Student Assessment Booklet
Version 3,1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 22281.1CRICOS Code 03618G Page 20 of 28

TR4INKIUHT

ASSESSMENT TASK 4: PROFIT AND LOSS REVIEW PROJECT

TASK SUMMARY
This assessment task requires you to assume a different rote as Operations Manager for
King Edward VII College and report on an interim profit and toss account

WHAT DO I NEED TO SUBMIT FOR THIS TASK?
· Profit and Loss analysis Report
WHAT DO I NEED TO DO IF 1 GET SOMETHING WRONG?
If your assessor marks any part of your assessment as incorrect, they will give you feedback and an appropriate time to resubmit your work.
INSTRUCTIONS:
Imagine you are reviewing the College’s performance for the last six months.
You will be provided with a profit and loss account for re view, which you will be required to analyse and provide a report to the CEO outlining performance in relation to the budget.
1. Analyse the information provided in the interim profit and toss account including:
· Calculation of net profit or Loss for each Campus
n Calculation of variances between actuals and budgeted expenses noting that variances of up to and including 5% are acceptable and do not need to be reported on
Note: If you are completing this assessment task using a workplace project, you will need to analyse an interim profit and toss account in order to monitor and review profit and productivity performance.
2. Based on your analysis of the profit and loss account, develop a short report to send to the CEO that:
a) Outlines financial performance based on the figures in the profit and toss account
b) Identifies variances higher than 5%
c) Compare the performance of each campus
d) Recommend solutions in relation to expenditure items where variances are higher than 5%.

iWhat do I need to hand in for this task?

1358FIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd tfa Tr4in Right I RTO Code 22281 I CRICOS Code 03518G Page 22 of 28

ASSESSMENT TASK 5: DEBTOR MANAGEMENT PROJECT
TASK SUMMARY:
This assessment task requires you to review and evaluate financial management processes
WHAT DO I NEED IN ORDER TO COMPLETE THIS ASSESSMENT?
· Access to textbooks and other learning materials
· Access to a computer and the Internet
· Aged debtors report.
WHAT DO I NEED TO SUBMIT?
· Your Report
WHEN DO I DO THIS TASK?
· You will do this task in the classroom or as homework – your assessor will advise.
· Write in the due date as advised by your assessor:
WHAT DO I NEED TO DO IF I GET SOMETHING WRONG?
If your assessor marks any part of your assessment as incorrect. they will. give you feedback and an appropriate time to resubmit your work.
INSTRUCTIONS:
1. Review the aged debtor report provided to you by your assessor. Analyse the information in the report. Note that the company’s usual terms are payment 14 days from invoice.
2. Research best practice debtor management.
3. Provide a report for your CEO (your assessor) based on your analysis. Your report should include:
a) An outline of the information in the aged debtor report
b) What this says about the company’s aged debtor processes
c) Develop at Least 5 recommendations that could be adopted by the company in response to your analysis. This should be based on the debtor management research you conducted.
4. Send your report to your CEO (assessor) seeking approval to implement best practice debtor management processes. Your report should be approximately one page.
What do I need to hand in for this task? Have I completed this?
Your report
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 222811 CRICOS Code 03618G Page 24 of 28
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ASSESSMENT TASK 6: CASE STUDY
if%
TASK SUMMARY
For this task you are required to review the case study and answer all the questions.
RESOURCES AND EQUIPMENT REQUIRED TO COMPLETE THIS ASSESSMENT
· Access to textbooks and other learning materials
§ Access to a computer with Internet and software such as Microsoft Office.

WHAT DO I NEED TO SUBMIT? Your responses to all questions
INSTRUCTIONS
Read the case study below and complete all activities.
CASE STUDY
You recently joined as a manager in Computech Electronics selling PCs, laptops, and computer accessories
in the South Eastern area of Melbourne. You have been asked by the management to prepare budget for the organisation.
Steve, office assistant has been the one handling the accounts and has noticed a few worrying trends:
New competition has recently increased and Computech Electronics is losing market share. They have been experiencing continuous cash flow issues, which means they have a shortage of cash when it comes to
paying monthly and quarterly bills. Computech Electronics’ long term goal is to take back their market share and bring the cash balance back to surplus.
Steve has advised you that company would be having following budget objectives:
· Increasing sales by 10% over a 12 month period
· increasing market share by 10%
· Bring back cash balance to surplus, so we can stop paying overdraft interest to the bank.
You need to answer following questions based on above scenario:
1. How would you access past budget and financial plans for Computech Electronics?
2. Which personnel would you need to consult and what issues might need to be addressed?
3. What is the purpose of a contingency plan? List any two possible contingencies related to Computech Electronics.
BSBFIM501 Manage budgets and financial plans
Student Assessment Booklet
Version 3.1 November 2019, Approved Quality assurance & Compliance Manager
Pan Bird Pty Ltd t/a Tr4in Right I RTO Code 22281 I CRICOS Code 03618G Page 26 of 28

TR41NRIGHT
4. How would you communicate with relevant people to clarify budget, negotiate changes and disseminate information
5. Identify what type of support your staff members may require so that they can stick to the budget and achieve budget objectives.
6.
a. Identify at least 2 resources to manage financial management processes?
b. What reporting systems you would follow to manage financial management processes?
7. How often expenditures should be monitored once a budget has been implemented?
8. What processes are involved in the monitoring of a contingency plan?
9. Name 2 financial reports you might generate from your accounting system to check your budget against actual income or expenditure.
10. What financial data and information an organisation should collect and collate to judge effectiveness of financial management processes?
11.
a. What do you mean by budget variance?
b. List 5 factors that can cause variances in a Payroll budget.
12. When revenue variances occur, why should you talk to the staff to help identify, and find options to address the issue?
13. In order to bring the budget back to surplus, what are the options and how would you implement it?