NeftalyApp COURSES Partner INVEST Corporate CHARITY DIVISIONS
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Associated Assessment Criteria for Exit Level Outcome 1:
Operational Risk and understanding of the Operational Risk Framework is demonstrated.
How Operational Risk can be identified, how to evaluate and control the risk is determined.
An Operational Risk financing programme in a real or simulated environment is devised.
An Operational Risk monitoring procedure is developed for a real or simulated environment.
Associated Assessment Criteria for Exit Level Outcome 2:
The factors that contribute to the safety of working premises are determined.
Safety of mechanical and electrical installations is ensured and personal protection for staff is guaranteed.
Fire from the workplace is prevented and the area is protected.
Documentation and records required for accident recording and investigation are completed.
Health and safety in the workplace is promoted through an understanding of the legislation and regulations governing Health and Safety.
Associated Assessment Criteria for Exit Level Outcome 3:
The different forms that innovation can take are determined and evaluated.
The principle theories associated with technological innovation are assessed.
Innovation process is implemented, managed and reviewed.
An innovation strategy is developed for a real/ simulated business environment.
Associated Assessment Criteria for Exit Level Outcome 4:
Concepts of Supply Chain Management, Logistics Management and the systems driving the Total Cost Approach are discussed.
Purchasing and Procurement as a holistic process are distinguished to support the operations of a business.
How Supply Chain Networks are integrated and how best to manage an International Supply Chain is determined.
Logistics and Supply Chain Management performance is controlled.
Associated Assessment Criteria for Exit Level Outcome 5:
The economic terms and concepts relevant to decision-making in business are explained.
How prices are determined in different types of markets is determined.
The influence of key financial variables such as money, credit, interest and exchange rates are discussed.
The benefits and costs of globalisation and the factors that influence the balance of payments are summarised.
The importance of economic growth and the factors that stimulate economic growth are discussed.
Causes of inflation and its effects on the economy are determined.
Causes and effects of high unemployment are determined.
The different types of economic policy of a country are examined.
Associated Assessment Criteria for Exit Level Outcome 6:
The underlying philosophies of operations and business ethics are discussed.
The role of morality in business operations, advertising, marketing is determined when dealing with property and information.
How production methods affect the environment is determined and the production choices made by the business within the relevant legislative framework is defended.
Associated Assessment Criteria for Exit Level Outcome 7:
A research topic is identified and defined.
A comprehensive literature review with appropriately document literature evidence is conducted.
Appropriate research design and methodology are identified and applied for the effective investigation of a research area/topic.
Competence in executing and documenting the research process is developed in a comprehensive technical research essay.
Integrated Assessment:
Integrated assessment methods and tools allow the learner to demonstrate competence in more advanced aspects of operations management.
Assessment tools could include the following:
Written assessment in the form of formative and summative assessments.
Case studies.
Presentations.
Assessment for this qualification is integrated in the research essay where knowledge gained in other modules can be demonstrated.
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