Project Portfolio v2
Project Portfolio v2
P O RT F O L I O
Section 1: Analyse resource requirements 6
Section 4: Evaluation 29
STUDENT VERSION
BSBOPS501
MANAGE BUSINESS
RESOURCES
Section 1: Analyse resource requirements
Provide an overview of the Worlducation is a social start-up that manufactures tablet computers for
business and its strategic primary school students. They not only focus on the hardware, but they
objectives and goals. also have a competitive team creating software, content and activities to
better engage and educate the students.
Describe the regulatory and Expense policy. The purpose of this document is to outline the company’s
legislative context of the business policy on travel, other expenses, benefits, hospitality and gifts. The
that relates to managing document sets out areas of expenditure that will be funded by the
resources. company as business costs and identifies areas of expenditure where
restrictions are in place.
Procurement policy. This Policy ensures that the procurement of all goods
or services is conducted in an honest, competitive, fair and transparent
manner with consideration of quality, service, environmental and social
impacts and value for money.
Outline the specific objectives of The objective of the business unit is to “increase sales to increase
the business unit/s that you are donations to needy classrooms” and “strengthen the skills of our people,
basing this project on. to better support customers”.
Resource 3 The resources that I am going to focus is Internal staf. These resources are
Describe the stakeholders you The Chief Executive Officer (CEO) has overall responsibility for creating,
need to meet with to discuss the planning, implementing, and integrating the strategic direction of an
nature and level of resource organisation. This includes responsibility for all components and
planning for all three resources. departments of a business.
What are the internal capabilities An organisation capability refers to the way its people and systems work
of the business in relation to the together. A company’s culture is defined by how management fosters
resourcing requirements? talent, mindsets, and collaboration. Social and technical competencies and
capabilities intersect in diferent ways. Organisation capabilities such a
talent management, collaboration, and accountability interact with and
bring together all parts of the company.
What are the external resourcing Price is what you pay for an item, while cost deals more with what you get
requirements? for that price.
Outline any supplier or Green is the new black. Not only will energy-efficient technologies reduce
purchasing considerations, your costs in the long run, but they’ll also benefit the environment.
budget or anything else relevant
The term right quality refers to a suitability of an item for the purpose it is
to obtaining quotations here.
required. For producing the goods of best quality, the best grade of raw
material may be the right quality whereas for producing items of medium
quality, the average lowest grade may be the right quality.
Meeting Agenda
Outcomes
You need to complete all three of the plans in this section for three diferent resources.
Description of resource bid. A fact sheet is a one or two-page document which summarises the essential
information about a product, service or business. It is one of the simplest
pieces of writing used in marketing, public relations and corporate
communications, to give readers an orientation about a business.
Options. The resource could be obtained from inside the company or procured from
other suppliers.
Outline suitable options that
may suit
Budget and costs. The total budget for Create rewards program to reward school based on
number of downloads is $200,000
Outline the total budget and
provide a breakdown of the Internal staf: $50,000
costs associated with this
Marketing information sheet: $50,000
resource
Management system: $100,000
What are the timelines for The timeline for procuring the marketing assets for the project is 8 weeks.
identifying suitable resources
and the acquisition of this
resource?
Explain how the resource will be The procurement of the Marketing information sheet is according to the
obtained/purchased following policy and procedures set by the company by going through the procedure
policy and procedures. and sending proposal to the manager and HR department.
Explain the approval process for The approval process is an email requesting approval from the sales
this resource. manager leader and the HR manager for the plans.
Resource monitoring usage The Scope of Requirements document and Resource Evaluation Policy and
system procedures developed is on another document.
Dear Ben,
Best regard,
Bobby.
Risk associated with the acquisition or How will you mitigate the risk?
implementation of the resource
Overpaying for the target company. focusing on your company’s overall strategy and overarching
acquisitions fail to create value for goals behind the deal is essential in building a foundation based
shareholders between 70-90% of the time. on avoiding overpayment.
Overestimating synergies, Synergies in Once you have worked out what you believe the synergies are,
themselves are too often given as the you should reduce that number - common practice is dividing
reason for an acquisition, when they should by two - this will allow you to maintain a conservative stance
be just one of several factors. regarding deal synergies.
Description of resource bid. A management system is the organising framework that enables companies
to achieve and sustain their operational and business objectives through a
process of continuous improvement. A management system is designed to
identify and manage risks—safety, environmental, quality, business
continuity, food safety (and many others)—through an organised set of
policies, procedures, practices, and resources that guide the enterprise and
its activities to maximise business value.
Options. The resource could be obtained from inside the company or procured from
other suppliers.
Outline suitable options that
may suit
Budget and costs. The total budget for Create rewards program to reward school based on
number of downloads is $200,000
Outline the total budget and
provide a breakdown of the Internal staf: $50,000
costs associated with this
Marketing information sheet: $50,000
resource
Management system: $100,000
What are the timelines for The timeline for procuring the marketing assets for the project is 8 weeks.
identifying suitable resources
and the acquisition of this
resource?
Explain how the resource will be The procurement of the Management system is according to the policy and
obtained/purchased following procedures set by the company by going through the procedure and
policy and procedures. sending proposal to the manager and HR department.
Explain the approval process for The approval process is an email requesting approval from the sales
this resource. manager leader and the HR manager for the plans.
Resource monitoring usage The Scope of Requirements document and Resource Evaluation Policy and
system procedures developed is on another document.
Develop a monitoring system The resources can be monitored by implementing the resource
Dear Ben,
Best regard,
Bobby.
Risk associated with the acquisition or How will you mitigate the risk?
implementation of the resource
Weak due diligence practices. When assembling your diligence team be sure it includes a
broad range of knowledge and experience for the deal at hand.
Poor due diligence practices simply go
While general traits will be common to all teams - expertise in
against the nature and definition of due
business, legal and financial matters - the best assembled
diligence, but time and again, deals are
diligence teams are those that are more specific to the deal and
negatively afected by teams failing to be
the company’s industry.
prepared for legal due diligence and lacking
diligence experience and expertise.
Integration shortfalls (M&A integration risk) The first logical step toward improving integration practices is
to have members of the due diligence team become part of the
M&A practitioners are generally in
integration team. This creates continuity and streamlines
agreement that post-merger integration is
information thus reducing redundant work and tasks.
the most complex part of any transaction.
Description of resource bid. An employee is an individual who works for someone else in exchange for
compensation. The exact nature of an employee arrangement is important,
since the applicability of payroll taxes and the responsibility for their
remittance depends on whether someone is an employee. Thus, a person
who performs services for a business may be categorised in one of the
following ways.
Options. The resource could be obtained from inside the company or procured from
other suppliers.
Outline suitable options that
may suit
Budget and costs. The total budget for Create rewards program to reward school based on
number of downloads is $200,000
Outline the total budget and
provide a breakdown of the Internal staf: $50,000
costs associated with this
Marketing information sheet: $50,000
resource
Management system: $100,000
What are the timelines for The timeline for procuring the marketing assets for the project is 8 weeks.
identifying suitable resources
and the acquisition of this
resource?
Explain how the resource will be The recruitment of the Internal staf is according to the policy and
obtained/purchased following procedures set by the company by going through the procedure and
policy and procedures. sending proposal to the manager and HR department.
Explain the approval process for The approval process is an email requesting approval from the sales
this resource. manager leader and the HR manager for the plans.
Resource monitoring usage The Scope of Requirements document and Resource Evaluation Policy and
Develop a monitoring system The resources can be monitored by implementing the resource
that can be used to monitor the management into the company. Resource management is the process of
usage and success of this planning, scheduling and allocating resources to complete a project. Project
resource in meeting business or managers are in charge of overseeing the resource management process
project objectives. from start to finish. To do so, they need to use resource management tools
and techniques. Resource management involves creating plans and
Establish a measurable Key
processes so that those resources can be managed. There are a number of
Performance Indicators (KPI).
ways to do this. You can use spreadsheets, documents, project
Show how you approached management software or a combination of all three.
establishing the KPI in a
The KPI for the management system is increase of the number of Sales
mathematical way using
Qualified Leads by 10%. Sales Qualified Leads (SQLs) are a direct result of
problem-solving.
trials. Sales teams qualify trials as Sales Qualified Leads when a lead meets
List ways to monitor the KPI certain conditions defined by the sales process. Before becoming an SQL,
including a timeframe for they are identified as a Marketing Qualified Lead.
evaluation.
To track the KPI, we use management KPI dashboard. When it comes to
Develop a formal policy and swift and informed senior decision-making, management KPIs are
procedure document and attach invaluable. Visually balanced and populated with essential operational
to this section (note you can metrics, our KPI tracking dashboard is equipped with actionable insights for
develop just one Resource Usage sustainable business success. The timeframe for the evaluation is 1 month.
Policy with different sections for
The formal policy and procedure are in document (Resource Usage Policy
all three resources if you would
and Procedure.docx)
like to do it this way).
Dear Ben,
Best regard,
Bobby.
Risk associated with the acquisition or How will you mitigate the risk?
implementation of the resource
In high-performing businesses, the days of What do you want from your vendors? The easiest way to
procurement meaning "choose the mitigate risk is to develop a clear set of standards that you
cheapest available option" have long gone. require vendors to meet before you'll work with them.
Things have also progressed beyond the
notion of ensuring procurement teams get
"value for money."
Inefective supplier and supply chain Develop metrics for measuring supplier performance
management
If you're going to invest time in fostering a strong relationship
If you're going to do a significant volume of with your suppliers, you should ensure you have a means of
work to find amazing suppliers and build a measuring their performance, too.
robust supply chain, it stands to reason that
you should subsequently manage and
strengthen those links.
Summarise the process you went At the beginning, developed the proposal for the acquisition of the
through to receive quotations resources needed for the activities. Submit the finished proposal to the
for this resource. relevant department manager for approval. After the approval of the
proposal, the company will allocate the resources needed or you can obtain
the resources from the supplier.
Organisational compliance All the resources requested to the company is according to the operation
activity plan and permission to related department has been granted.
How did you adhere to your
organisational procurement
policy and procedures when
receiving quotations?
Timelines The timeframe to acquire the resource is 8 weeks. To meet the timeline,
you planned for:
How did you meet the timelines
you planned for? Use A Project Planning Tool
Supplier preference and I prefer to obtain the marketing information by asking for help from the
recommendation marketing department. By utilising the marketing department skills, we can
develop the necessary marketing information sheet at a cheap expense.
Which supplier do you prefer
and why? Summarise your Email:
reasons here.
To: [email protected]
Best regard,
Bobby.
Describe how you arranged the At the beginning, developed the proposal for the acquisition of the
delivery / receival of the resources needed for the activities. Submit the finished proposal to the
resource and the processes relevant department manager for approval. After the approval of the
followed for allocation. proposal, the company will allocate the resources needed or you can obtain
the resources from the supplier.
Attach any evidence here as part
of the process E.g., emails /
receipts or delivery
Email:
documentation, internal
communication to staff. To: [email protected]
Best regards,
Ben.
Organisational compliance All the resources requested to the company is according to the operation
activity plan and permission to related department has been granted.
How did you adhere to your
organisational procurement
policy and procedures when
receiving quotations?
Timelines The timeframe to acquire the resource is 8 weeks. To meet the timeline,
you planned for:
How did you meet the timelines
you planned for? Use A Project Planning Tool
Supplier preference and I prefer to obtain the necessary Management system resources from the
recommendation company’s partner. The company need to update its equipment and what’s
better than buying it from a partner.
Which supplier do you prefer
and why? Summarise your Email:
reasons here.
To: [email protected]
Develop an email outlining your
From: [email protected]
recommendations to the
relevant manager and attach Subject: Recommendations
this. Dear Ben,
Best regard,
Bobby.
Describe how you arranged the At the beginning, developed the proposal for the acquisition of the
delivery / receival of the resources needed for the activities. Submit the finished proposal to the
resource and the processes relevant department manager for approval. After the approval of the
followed for allocation. proposal, the company will allocate the resources needed or you can obtain
the resources from the supplier.
Attach any evidence here as part
of the process E.g., emails /
receipts or delivery
Email:
documentation, internal
communication to staff. To: [email protected]
Ben.
Summarise the process you went At the beginning, developed the proposal for the acquisition of the
through to receive quotations resources needed for the activities. Submit the finished proposal to the
for this resource. relevant department manager for approval. After the approval of the
proposal, the company will allocate the resources needed or you can obtain
the resources from the supplier.
Organisational compliance All the resources requested to the company is according to the operation
activity plan and permission to related department has been granted.
How did you adhere to your
organisational procurement
policy and procedures when
receiving quotations?
Timelines The timeframe to acquire the resource is 6 weeks. To meet the timeline,
you planned for:
How did you meet the timelines
you planned for? Use A Project Planning Tool
Quotations Staf:
Supplier preference and I prefer to recruit existing staf in the company. You can recruit internal staf
recommendation at a cheaper budget rather than hire a consultant or hire a new employee
to help with the activity.
Which supplier do you prefer
and why? Summarise your
reasons here.
Email:
Develop an email outlining your
To: [email protected]
recommendations to the
relevant manager and attach From: [email protected]
Dear Ben,
Best regard,
Bobby.
Describe how you arranged the At the beginning, developed the proposal for the acquisition of the
delivery / receival of the resources needed for the activities. Submit the finished proposal to the
resource and the processes relevant department manager for approval. After the approval of the
followed for allocation. proposal, the company will allocate the resources needed or you can obtain
the resources from the supplier.
Attach any evidence here as part
of the process E.g., emails /
receipts or delivery
Email:
documentation, internal
communication to staff. To: [email protected]
Ben.
Resource 1 evaluation
Provide an overview of the level The performance of the marketing information sheet is very helpful. With
of performance of the resource the marketing information sheet, we are able to create a reward program to
according to the data reviewed. reward school based on number of downloads and increase the customer
satisfaction and brand image.
Has the resource been used in The new marketing information sheet is in line with the project
line with the product specifications and fulfilled all the requirements needed in this project.
specifications and
product/service standards?
How has the resource usage The budget used to develop a new management system for the project is
been used according to the within the limit stated in the operational plan. There are no budget
budget for this resource? Were overruns happening while developing the new management system.
there any budget overruns?
Explain reasons if this was the
case.
Mental health is a real problem, and sometimes, after long periods of time,
it is possible to ‘burn out’ from your work or feel unmotivated. Luckily, you
don’t need to work 8 hours straight on a daily basis, allowing you plenty of
time during your working hours to take a break and recharge.
Provide an overview of the level The new management system has been performing very good. With the
of performance of the resource new system, we are able to tract, manage and record all of the rewards
according to the data reviewed. program to reward school based on number of downloads.
Has the resource been used in The new management system is working in line with the project
line with the product specifications and fulfilled all the tasks and requirements needed in this
specifications and project.
product/service standards?
How has the resource usage The budget used to recruit the employee for the project is within the limit
been used according to the stated in the operational plan. There are no budget overruns.
budget for this resource? Were
there any budget overruns?
Explain reasons if this was the
case.
Suggest improvements to work Encourage desk cleanliness and organisation. It is proven that a messy
practices that could increase environment can slow down your performance. If you have hundreds of
efficiency of this resource. documents laying around everywhere on your desks, finding what you need
when the time comes can be a very time-consuming process.
Don’t leave tasks unfinished. Whether it's because a new and more exciting
project came along or the current one is too boring, we have all left a task
unfinished and quickly jumped onto the new project without much
consideration.
Does a corrective action need to Yes, there is some problem when operating the new management system,
be taken in relation to this some of the staf does not have enough knowledge to operate the new
resource? If yes, summarise this management system. This can be solved by holding a live demonstration
here and then implement it. and mentoring the staf on how to operate the new system.
Attach evidence of this
Email:
implementation in this section.
To: [email protected]
Note: There only needs to be
one corrective action taken for From: [email protected]
one resource. Write NA here if Subject: Resources allocation.
you have taken this for another
Good morning. I write you this email to inform you that there are some
problems occurred during the activity. There is some problem when
operating the new management system, some of the staf does not have
enough knowledge to operate the new management system. This can be
solved by holding a live demonstration and mentoring the staf on how to
operate the new system.
Best regards,
Ben.
Provide an overview of the level The performance of the recruited Internal staf is very good. They are able
of performance of the resource to follow instruction and are very hard working. Thanks to their hard work,
according to the data reviewed. we are able to finished this activity with minimal problem occurring during
the process.
Has the resource been used in The market research information is in line with the project specifications
line with the product and fulfilled all the information requirements needed in this project.
specifications and
product/service standards?
How has the resource usage The budget used to do the market research for the project is within the
been used according to the limit stated in the operational plan. There are no budget overruns.
budget for this resource? Were
there any budget overruns?
Explain reasons if this was the
case.
Have you recently completed a new project and are not too sure of what to
think in regards to your work performance? Just ask your supervisor or
manager for some constructive feedback. Usually, they would be very
happy that you asked them and will gladly provide you with some things
that you can work on and compliment you on everything that you have
done right.
Does a corrective action need to Yes, there are some issues with communications during the activity. Some
be taken in relation to this of the staf has been to busy with their tasks and work to communicate
resource? If yes, summarise this regularly throughout the activity. This can be solved by holding a brief
here and then implement it. regular daily lunch meeting in order to catch up and communicate.
Attach evidence of this
implementation in this section.
Email:
Note: There only needs to be
one corrective action taken for To: [email protected]
one resource. Write NA here if From: [email protected]
you have taken this for another
Subject: Resources allocation.
resource.
Dear Bobby,
Best regards,
Ben.