Overview
Assessment Guidance
All Assessment Criteria must be met and assessed in line with Skills CFA Assessment Strategy.
Unit Learning Outcomes
1
Understand the principles of operational planning.
Assessment Criteria
-
1.1
Evaluate the use of risk analysis techniques in operational planning.
-
1.2
Explain the components of an operational plan.
-
1.3
Analyse the relationship between strategic and operational plans.
-
1.4
Evaluate the use of planning tools and techniques in the operational planning process.
-
1.5
Explain how to carry out a cost-benefit analysis.
2
Be able to develop an operational plan.
Assessment Criteria
-
2.1
Identify specific, measurable, achievable, realistic and time-bound (SMART) objectives and key performance indicators (KPIs).
-
2.2
Identify evaluation mechanisms appropriate to the plan.
-
2.3
Take action to ensure that plans are consistent with organisational strategy, objectives, values, policies and procedures.
-
2.4
Develop proportionate and targeted plans to manage identified risks.
-
2.5
Take action to ensure that plans complement and maximise synergy with other business areas.
-
2.6
Adhere to organisational policies and procedures, legal and ethical requirements.
3
Be able to implement an operational plan.
Assessment Criteria
-
3.1
Implement plans within agreed budgets and timescales.
-
3.2
Communicate the requirements of the plans to those who will be affected.
-
3.3
Revise plans in the light of changing circumstances in accordance with strategic objectives and identified risks.
4
Be able to evaluate the effectiveness of an operational plan.
Assessment Criteria
-
4.1
Conduct periodic reviews of the progress and effectiveness of the plans, using information from a range of sources.
-
4.2
Report on the effectiveness of operational plans in the appropriate format.