RTO No: 91223 Student Project Portfolio BSBSTR601 Manage Innovation and Continuous Improvement Contents Section 1: Continuous improvement and innovation review 6 Section 2: Continuous improvement and innovation monitoring and evaluation 12 Student name: Assessor: Date: Business this assessment is based on: Section 1: Continuous improvement and innovation review Complete this section prior to developing the continuous improvement and innovation plan. The business or work area Provide an overview of the business or work area, including: Products and services providedKey objectivesKey operational processesSupply chainKey positionsStrategies that are currently in place to monitor and evaluate performance and sustainability of key systems and processes Current performance Analyse the business’ current performance against its overall plans and report on: How is the business performing overall? How is the business performing in terms of its plans? Describe variations between plans and performance. What areas stand out for you that could be improved in relation to supply chains and overall systems? Describe these areas. If you are completing this for the case study organisation, review the Strategic Plan and the Performance Report supplied. If you are completing this for the case study organisation, access relevant plans and performance reports. Trends and opportunities Describe current trends impacting the business. Make sure you look at competitors and ways of working that could inform improvements the business could make. What opportunities do you believe your review of trends presents for the business? Describe at least three. Based on your review of these trends, what do you believe the business could improve in terms of its supply chain and systems? Describe the gaps that indicate that improvements are required. What costs and benefits and risks do the opportunities you have identified present? The team Who in the team do you believe is instrumental to ensuring continuous improvement and innovation. Give your rationale for this. Describe best practice ways of working that teams can use to achieve continuous improvement and to be innovative, Give at least four examples. What learning opportunities exist for the team to improve their skills and knowledge in relation to continuous improvement and innovation. Describe at least two. Knowledge management Describe the system that will be put in place to capture learnings from continuous improvement and innovation. Complete your continuous improvement and innovation plan here. Objectives of the plan Describe the objectives of your continuous improvement and innovation plan.Key actions Describe key actions to achieve continuous improvement and innovation. Include at least six.Impact Describe the impact the changes will have on the organisation or work area and the consequences. Describe actions that will be taken to manage this.Communications Describe how the continuous improvement and innovation plan will be communicated.Timeframes Outline the timeframes for achieving the plan.Rewards Outline the rewards that will be put in place for staff for achievements in relation to continuous improvement, innovation and learning.Key performance indicators Outline key performance indicators that will be used to measure outcomes. List at least four.Contingencies Describe the contingencies that will be put in place to manage non-performance. List at least two. Complete your presentation based on all of your work above. Presentation Document the title of your presentation here. Your presentation must address the work you have completed in this Section of your Portfolio to present to the team. Your presentation should clearly demonstrate the expectations you have for your team in terms of continuous improvement and innovation, as well as objectives and outcomes required. It should clearly outline the costs and benefits of innovation based on the work you have completed so far. Feedback Outline the feedback provided by your team. Describe the amendments you have made to your Plan based on the feedback. Provide your updated Plan here. Attach:Continuous Improvement and Innovation Presentation☐Updated Continuous Improvement and Innovation Plan☐ Section 2: Continuous improvement and innovation monitoring and evaluation If you are completing this for the case study organisation, review the information in the Simulation Pack in order to complete this activity. If it is for your own business, you can either complete this activity based on the case study organisation or collect relevant information in order to inform your response below. Continuous improvement or innovation failure Based on the information you have reviewed, describe the failure and analyse and report on the causes. Describe the challenges and opportunities presented. Continuous improvement systems Based on the information you have reviewed, provide an evaluation of how well you believe continuous improvement systems are working. If you are completing this for the case study organisation, review the staff survey results on change management. Costs and benefits of innovation Based on all the work that you have completed, discuss the costs and benefits of innovation and improvements here. Include at least two costs and two benefits.
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