Ebio enterprise living map

Mobilising resources and attract new resources in new opportunities continuously and dynamically as required. Be attracted to other projects. (23 credits)

Monitor productivity in a venture (4.13) - Core Unit Standard

Specific Outcome

Assessment criteria

Bridging the Gap

Ebio Competency Programme: Information and Examples

Organize and Review your competencies

Stay within resources with expertise. Inform and ask to ensure you stay on track with projects and transactions.

SO 1

Obtain and analyse a range of relevant, reliable business performance standards and productivity measurements.

Benchmarking

Perfomance Monitoring

AC 1.1

The impact low productivity on the South African economy is discussed with examples.

AC 1.2

The relationship between productivity and profitability are explained for a business venture.

AC 1.3

Performance standards and productivity measurement instruments that a new venture could use to measure its productivity are identified and a decision taken on which is most applicable to the business venture.

SO 2

Compare actual results with projected results and the goals/objectives of the business, financial and/or operating plan of the business venture.

AC 2.1

Actual results are compared with projected results in own venture plans to determine future viability of venture.

AC 2.2

Actual results are compared with the goals and/or objectives of the new venture to determine degree of compatibility.

AC 2.3

Actual financial situation, cash flow position, etc are compared with projected figures to determine financial viability of the business venture.

SO 3

Compile and implement a plan for productivity improvement.

Walk and Talk (Chap. 10) The process approach

AC 3.1

Opportunities to optimise productivity improvement in own venture are identified so as to improve profit margin.

AC 3.2

An organisational activity plan co-ordinating stakeholders, their roles and performance expectations is compiled to improve productivity.

AC 3.3

An individual activity plan to improve productivity is framed based on established performance criteria.

AC 3.4

The utilisation and maintenance of resources is planned to ensure productivity.

AC 3.5

Productivity improvement control techniques are selected and applied in own business.

AC 3.6

The implementation of the productivity improvement plan is monitored to determine what amendments, if any, need to be made to the plan.

SO 4

Implement effective time management strategies for productivity in own venture.

Walk and Talk (Chap. 4) Time Management Matrix

AC 4.1

The correlation between effective time management and productivity is analysed for own venture.

Walk and Talk (Chap. 10) The Order Cycle

AC 4.2

A time management plan is developed and implemented for own business.

The RAMMP Matrix

AC 4.3

Business activities are sequenced and the duration estimated to prevent time lags in the process.

AC 4.4

A business schedule is developed and implemented to optimise productivity levels.