Continuous Improvement And Innovation Action Plan Project essay

SBMGT608 Manage innovation and continuous improvement

Assessment Task 3: Continuous Improvement and Innovation Action Plan Project
Task summary
This assessment task requires you to develop action plans for implementing the continuous improvement and innovation changes that have been agreed to.

This assessment is to be completed in the simulated work environment in the RTO.

Required
· Access to textbooks/other learning materials

· Computer with Microsoft Office and internet access

Timing
Your assessor will advise you of the due date of these submissions.

Submit
· Email with report and action plan attached

Assessment criteria
For your performance to be deemed satisfactory in this assessment task, you must satisfactorily address all of the assessment criteria. If part of this task is not satisfactorily completed, you will be asked to complete further assessment to demonstrate competence.

Re-submission opportunities
You will be provided feedback on their performance by the Assessor. The feedback will indicate if you have satisfactorily addressed the requirements of each part of this task.

If any parts of the task are not satisfactorily completed, the assessor will explain why, and provide you written feedback along with guidance on what you must undertake to demonstrate satisfactory performance. Re-assessment attempt(s) will be arranged at a later time and date.

You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly, or have other appropriate grounds for an appeal.

You are encouraged to consult with the assessor prior to attempting this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when attempting any part of the assessment.

Assessment Task 3 Instructions

Complete the following activities:

1. Develop action plan and report

You are required to develop action plans for implementing the continuous improvement and innovation initiatives agreed to in Assessment Task 2.

You are also required to develop a plan for each agreed initiative.

Your plans should be developed using a project management tool such as a GANTT chart that sets out all of the actions required to implement the initiatives including timing, responsibilities, required resources, communication and key performance indicators for assessing the introduction of the initiative.

TOPIC1

Social media strategy/sustainability

Initiatives

Timings

Responsibilities

Required

resources

Communication

KPI

Investing X amount of Money for facbook

4 time a month

Marketing manager

$1000 per week

Via email/in meetings

Facebook page visit

Using green suppliers

As required

Operational manager

Cost of price of the products for Ex; Stationary

Email

Use of green supplies

In a separate document to accompany the action plan, you are required to develop a short report that includes:

Q1] Discuss the importance of continuous improvement and sustainability as an essential element of business and competition.

How does it offer competitive advantage? /how it half strategic planning and goal achievement, fulfil legal requirement/ ethical or legal requirement and goodwill

Q2] Include a risk assessment for each initiative, identifying the possible risks and how they can be managed. Identify two risks for each initiative and at least two risk management strategies for each.

Each topic-social media /Sustainability-3 initiatives each /for each initiative 2 risk and then strategy to overcome that risk

For ex;Green suppliers can be expensive /minimize the use of paper/stationary and use digital paperwork

Q3] Document a cost-benefit analysis for eachx initiative making assumptions in your analysis including assumed cost and benefits.

Create cost benefit analysis;

Cost of facebook campaign-$4000 month /Benefit -$20000=$16000

Q4] Document the impact of the change and the consequences for staff for each initiative

Responsibilities will change the staff

Marketing manager needs to train staff on social media marketing-what is the consequences?-it will be benefit the company

Reduce paperwork and digitally-it is good thing or bad thing write a consequences

Q5] Document a brief contingency plan in the event of failure of the initiative

Initiative

Contingency plan

Using Facebook ad campaign

After 3 months redistribute the cost to SEO of website and use create video ad for Youtube

Green supplies

Minimize the use to 50%for the next 6 months

1. Send an email to your Manager (your assessor).

The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.

It should introduce and summarise the contents of the attachment, seek their feedback and approval to move forward with the project.

Attach your action plans and reports to the email.

You will be assessed as to whether your plan and email have been written in clear and concise English and whether your email and plan addresses all of the content as specified in the assessment instructions above.

Assessment Task 3 Checklist
Student’s name:

Did the student:

Completed successfully

Comments

Yes

No

Submit the email and action plan in clear and concise English?

Submit an action plan including:

· Timing

· Responsibilities

· Required resources

· Communication

· Key performance indicators for assessing the introduction of the initiative?

For each action plan for the identified continuous improvement area, report on:

· The importance of continuous improvement and sustainability as an essential element of business and competition.

· Identify at least two risks for each initiative and two risk management strategies.

· Cost-benefit analysis for each initiative

· The impact of the change and the consequences for staff for each initiative

· Contingency plan in the event of failure of the initiative?

Task Outcome:

Satisfactory

Not Satisfactory

Assessor signature

Assessor name

Date

*Please Note name or initials can be used as signature if the assessment is not paper based

BC-AT3-BSBMGT608-2019V1.1 Page | 3 Brighton College Pty Ltd RTO: 45023 | CRICOS: 03635G

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