BSB51915: Operational Plan - L&M Bank - bsb51915-operational-plan-lm-bank-business-management-assignment-help

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Task: 1 Develop Operational Plan Your assessment this week is to develop an operational plan based on the new branch of the L&M Bank. Scenario The branch has now been operating for 6 months and is functioning well. The Bank’s board has asked you to develop an operational plan for the next 12 months. This operational plan should include plans to expand the branch and the recruitment of 10 additional staff as the area you are located has seen a growth in new families and businesses meaning the work load has increased significantly. Stakeholders will need to be communicated with effectively and consent obtained. Communication should be undertaken at regular intervals during the 12 month plan and development strategies identified to achieve the operational plan within the organisation’s policies, practices and procedure in line with the vision rand mission of the organisation. Task: 2 Plan and Manage resource Acquisition Your assessment this week is to plan to manage acquisition of resources. There are three parts to this task: Part 1 Make yourself familiar with the policies and procedures of the L&M Bank to obtain the resources (goods and/or services) that are bought and sold or used in branch. Part 2 Develop strategies to include variations of resource acquisition within the scope of your operational plan to achieve the goals/outcomes required. Part 3 Develop and implement strategies to ensure that physical resources and services are acquired in accordance with your organisation’s policies. Task: 3 Monitor and review Operational Performance Your assessment this week is to review your original operational plan based on L&M Bank. You are required to report to the senior management the following information after reviewing your plan: 1. Whether the operational plan has met your profit and profitability plans and targets. 2. How you have reviewed your profit and productivity performance based on KPI’s. 3. Identify areas of under-performance, recommend solutions and action to rectify. 4. How you will mentor and coach individuals and teams. 5. Recommendations for variations to operational plans and seek approval. 6. How you will develop and implement systems to ensure procedures and records document performances in line with organisational requirements.

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