ASSESSMENT 2 BRIEF
Topic Code and Title HFR603BM Hotel Finance and Income
Assessment Income Administration State of affairs Analysis
Particular person/Group Particular person
Size 1,500 phrases (+/- 10%)
Studying Outcomes The Topic Studying Outcomes demonstrated by profitable completion of the duty under embody:
a) Critically consider lodge, monetary and business analytics data for improved enterprise decision-making.
b) Advocate methods to attain income targets.
c) Critically analyse the operational necessities of income administration.
Submission Due by 11:55 pm AEST/AEDT Sunday finish of Week 7
Weighting 40%
Whole Marks 100 marks
Assessment Process
Analyse and consider a dataset and present suggestions for income era.
Please seek advice from the Directions for particulars on the way to full this activity.
Context
Income Administration (RM) takes its roots in understanding, analysing and evaluating lodge information with a view to make tactical and strategic revenue-related selections, together with pricing, stock controls, channel and distribution administration, and so forth. The RM State of affairs Analysis Assessment will offer you the chance to have hands-on expertise with RM information. It is going to make it easier to to achieve an understanding relating to what RM is, what its fundamental capabilities are and how these can be utilized in lodge settings. Gaining this information will help you in changing into effectively versed on this interdepartmental subject and allow you to determine its utility in any lodge division. To efficiently full this Assessment, you will have to exhibit robust analysis expertise, in addition to important considering and Assessment.
Process Directions
Please seek advice from the dataset handout offered with a view to put together your Income Administration State of affairs Analysis.
When analysing and evaluating the dataset, make sure that your analysis reveals whether or not the present information is optimistic, destructive, combined or has no influence on the lodge’s efficiency. Constructive Assessments could be mirrored by will increase in key efficiency indicators (KPIs), whereas destructive Assessments stem from lowering KPIs. A combined analysis will element each optimistic modifications and destructive impacts to the lodge’s efficiency, whereas there could also be no modifications in KPIs with no influence to the lodge’s efficiency. When analyzing and reviewing the dataset, be certain to indicate if the current information is favorable, destructive, combined, or has no influence on the lodge’s efficiency. Will increase in key efficiency indicators (KPIs) would point out optimistic Assessments, whereas decreases in KPIs would point out unfavorable Assessments. A combined evaluate will describe each good and destructive results on the lodge’s efficiency, while no modifications in KPIs may have no impact on the lodge’s efficiency.
You should additionally present suggestions for the lodge, based mostly in your information Assessment and analysis, to enhance the general lodge RM efficiency. Discuss with your handout to know what number of suggestions are essential, and for which features of the info set.
The beneficial construction of the report is as comply with:
• Introduction – introduce the context, determine the important thing downside(s) and report define.
• Assessment and Analysis – describe and clarify the info set and its major optimistic and destructive points; then defend your individual perspective on the situation lodge’s efficiency.
• Suggestions – use the SMART (Particular, Measurable, Achievable, Related and TimeBound) acronym to make sure actionable suggestions.
• Conclusion – summarise the situation, the important thing downside(s) recognized and the important thing advice(s).
• References – a minimal of eight educational articles, plus others as required, are essential with a view to exhibit competency on this Assessment. Blogs and different unverifiable sources won’t depend as references.
• Appendices – to indicate calculations, and extra assets used within the report.
The overall phrase depend, excluding references and appendices, have to be inside 10% (+/-) of the Assessment phrase depend of 1,500 phrases.
Referencing
It’s important that you just use acceptable APA seventh fashion for citing and referencing analysis. Please see extra data on referencing within the Educational Expertise webpage.
Submission Directions
Submit this Assessment through the Assessment hyperlink in the primary navigation menu in HFR603BM – Hotel Finance & Income. The Studying Facilitator will present suggestions through the Grade Centre within the Blackboard portal. Suggestions might be seen in My Grades.
Please make sure that your Assessment is:
1. typed and formatted following the Educational Writing Information and uploaded to Blackboard by the due date
2. submitted in digital kind as a Phrase-processed file to Blackboard, and
three. features a TUA cowl sheet connected to your paper.
Educational Integrity
All college students are liable for making certain that each one work submitted is their very own and is appropriately referenced and academically written based on the Educational Writing Information. College students additionally have to have learn and concentrate on Torrens College Australia Educational Integrity Coverage and Process and subsequent penalties for educational misconduct. These are viewable on-line.
College students additionally should make a copy of all submitted materials and any Assessment drafts.
Particular Consideration
To use for particular consideration for a modification to an Assessment or examination resulting from sudden or extenuating circumstances, please seek the advice of the Assessment Coverage for Larger Schooling Coursework and ELICOS, and if relevant to your circumstance, submit a accomplished Utility for Assessment
Particular Consideration Type to your Studying Facilitat
Assessment Rubric
Assessment Attributes Fail
(But to attain minimal customary) Zero-49% Go
(Useful)
50-64% Credit score
(Proficient) 65-74% Distinction
(Superior)
75-84% Excessive Distinction
(Distinctive)
85-100%
Calculation (accuracy and degree of completion)
Proportion for this
criterion = 10%
Lower than 50% of calculations are efficiently accomplished.
Calculations steps required in questions are insufficient and unclear.
50-64% of calculations are efficiently accomplished.
Calculation steps required in questions are satisfactory, however not solely clear.
65-75% of calculations are efficiently accomplished.
Calculation steps required in questions are clear.
75 – 84% of calculations are efficiently accomplished.
Calculation steps required in questions exhibit a transparent information of formulae.
85-100% of calculations are efficiently accomplished.
Calculation steps required in questions exhibit a transparent and thorough information of formulae and rounding.
Assessment and utility with synthesis of latest
information
Proportion for this
criterion = 25%
Restricted to no synthesis and Assessment.
Confuses logic and emotion. Info taken from dependable sources however with no coherent Assessment or synthesis.
Demonstrated minimal Assessment and synthesis of latest information.
Resembles a recall or abstract of key concepts.
Demonstrates restricted skill to interpret data and literature.
Properly-developed Assessment and synthesis of latest information.
Demonstrates a capability to elucidate and apply related ideas.
Questions viewpoints of specialists.
Completely developed and inventive Assessment and synthesis of latest information.
Properly demonstrated capability
to elucidate and apply related ideas.
Viewpoint of specialists are topic to questioning.
Extremely subtle and inventive Assessment, synthesis of latest with current information.
Sturdy utility of related ideas to the argument.
Suggestions are
clearly justified based mostly on the Assessment/synthesis. Data utilized to new conditions/different circumstances.
Assessment Attributes Fail
(But to attain minimal customary) Zero-49% Go
(Useful)
50-64% Credit score
(Proficient) 65-74% Distinction
(Superior)
75-84% Excessive Distinction
(Distinctive)
85-100%
Analysis (defence of personal perspective on optimistic/destructive efficiency of
enterprise)
Proportion for this criterion = 25%
Minimal to no analysis of RM situation.
Restricted understanding of key ideas required to help the situation.
Analysis doesn’t mirror knowledgeable judgement, mental independence, rigour and adaptability.
Restricted synthesis and analysis of RM situation. Some use of RM ideas and illustrations.
Usually conflates/confuses assertion of non-public opinion with data substantiated by proof from the analysis/course supplies.
Restricted/minimal reflection of knowledgeable judgement, mental independence, rigour and adaptability.
Can synthesise and
consider RM situation utilizing RM ideas and illustrations, although typically not associated to the subject at hand.
Helps private opinion and data substantiated by proof from the analysis/course supplies.
Can synthesise and defend personal place of the RM situation, utilizing RM ideas and illustrations, typically associated to the subject at hand.
Discriminates between assertion of non-public opinion and data substantiated by sturdy proof from the analysis/course supplies and prolonged studying.
Analysis displays rising judgement, mental independence, rigour and adaptability.
Can analyse, synthesise and defend personal place on RM situation, utilizing RM ideas and illustrations related to the subject.
Systematically and critically discriminates between assertion of non-public opinion and data substantiated by sturdy proof from the analysis/course supplies and prolonged studying.
Displays mental independence, rigour, good
judgement and adaptability.
Suggestions (utility of RM ideas)
Proportion for this
criterion = 30%
No suggestions, unfeasible or non-viable suggestions, or undeveloped suggestions.
Suggestions are underdeveloped and present restricted utility of the info Assessment.
Suggestions are
linked to the info Assessment, however could possibly be developed in additional depth.
Justified suggestions linked to Assessment.
Suggestions are
clearly justified based mostly on the Assessment. Data utilized to new conditions/different circumstances.
Assessment Attributes Fail
(But to attain minimal customary) Zero-49% Go
(Useful)
50-64% Credit score
(Proficient) 65-74% Distinction
(Superior)
75-84% Excessive Distinction
(Distinctive)
85-100%
Efficient
Communication
(Written)
Presents data.
Specialised language and terminology are not often or inaccurately employed. Which means is repeatedly obscured by errors within the communication of concepts, together with errors in construction, sequence, spelling, grammar, punctuation and/or the acknowledgment of sources.
Demonstrates inconsistent use of fine high quality, credible and related assets to help and develop concepts.
Referencing is omitted or doesn’t resemble APA.
Lower than eight educational
references included
Communicates in a readable method that largely adheres to the given format.
Usually employs specialised language and terminology with accuracy.
Which means is usually troublesome to comply with.
Info, arguments and proof are structured and sequenced in a means that’s not all the time clear and logical.
Some errors are evident in spelling, grammar and/or punctuation.
Demonstrates use of credible and related assets to help and develop concepts, however these aren’t all the time express or effectively developed.
Referencing resembles APA, with frequent or repeated errors.
Communicates in a coherent and readable method that adheres to the given format.
Precisely employs specialised language and terminology.
Which means is simple to comply with. Info, arguments and proof are structured and sequenced in a means that’s clear and logical.
Occasional minor errors
current in spelling, grammar and/or punctuation.
Demonstrates use of credible assets to help and develop concepts.
Referencing resembles APA, with occasional errors.
Communicates coherently and concisely in a way that adheres to the given format.
Precisely employs a variety of specialized language and terminology.
Engages viewers curiosity. Info, arguments and proof are structured and sequenced in a means that’s, clear and persuasive.
Spelling, grammar and punctuation are free from errors.
Demonstrates use of fine high quality, credible and related assets to help and develop arguments and statements.
APA referencing is free from errors.
Communicates eloquently. Expresses that means coherently, concisely and creatively inside the given format.
Discerningly selects and exactly employs a variety of specialized language and terminology.
Engages and sustains viewers’s curiosity. Info, arguments and proof are insightful, persuasive and expertly introduced.
Spelling, grammar and punctuation are free from errors.
Demonstrates use of highquality, credible and related assets to help and develop arguments and place statements.
Assessment Attributes Fail
(But to attain minimal customary) Zero-49% Go
(Useful)
50-64% Credit score
(Proficient) 65-74% Distinction
(Superior)
75-84% Excessive Distinction
(Distinctive)
85-100%
Proportion for this
criterion = 10%
APA referencing is free from errors.
