Assessment Task Simulated Business – Max Lionel Realty

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Assessment Task Simulated Business – Max Lionel Realty

Simulated Business

Max Lionel Realty

Table of Contents

Chapter 1 – Business plan (excerpt)

Chapter 2 – Organisational chart and management profiles

Max Lionel Realty organisational chart

Chapter 3 – Management responsibilities

Max is responsible for working with the Board of Directors to oversee the business, set overall Max Lionel, CEO

strategic directions, manage risk, and authorise large financial transactions.

Riz Mehra, Chief Financial Officer

Riz is responsible for preparing quarterly financial statements and overall budgeting. Riz Is also responsible for overseeing budgets for cost centres and individual projects. At the completion of financial quarters and at the end of projects, Riz is responsible for viewing budget variation reports and incorporating information into financial statements and financial projections.

Kim Sweeney, Operations General Manager

Kim is responsible for the day-to-day running of the company. Kim oversees the coordination, as well as the structural separation, of the Residential, Commercial, and Investments centres. Kim is responsible for sponsoring projects which affect operations of the organisation as a whole. Kim works with the Human ResourcesManager to coordinate systems and projects in order to achieve company-wide synergy.

Les Goodale, Human Resources Manager

  • Les is responsible for the productive capacity and welfare of people at MLR. With the Operations General Manager, Kim works to coordinate projects and management systems such as performance management, recruitment, and induction. Kim will need to ensure aspects of the recently launched WHS management system, such as risk assessment, management, consulting, reporting and continuous improvement, are coordinated with all subsequent activities.
  • Sam Lee, Manager Residential Realty

    Sam is responsible for the management of all aspects of residential realty. Sam manages the activities of residential agents.

    Pat Misfud, Manager Commercial Realty

    Pat is responsible for the management of all aspects commercial realty. Pat manages the activities of commercial agents.

    Peter Mitchell, Manager Investments

    Peter is responsible for the management of all aspects investment realty. Peter manages the activities of investment agents. Peter works with the Operations General Manager to ensure separation of investment from obligations to residential and commercial clients.

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    Assessment Task Simulated Business – Max Lionel Realty
    Last updated: Feb 2024

    Page 1

    on of investment from obligations to residential and commercial clients.

    Chapter 4 – Budget summary

    Max Lionel Realty 20132014budget by activities to be undertaken

    Chapter 5Operational plan

    Chapter 6 – Operational risk register

    Chapter7 – Work Health and Safety (WHS) Policy

    Max Lionel Realty WHS policy

    Max Lionel Realty recognises its responsibility to provide a healthy and safe working environment for employees, contractors, clients and visitors. Max Lionel Realty is committed to the continued wellbeing of its employees and to ensuring that all employees are safe from injury and health risks whilst undertaking work-related duties, including home-based work.

    Chapter 8 – Anti-discrimination policy

    Max Lionel Realty Anti-discriminationPolicy

    Chapter 9 – Procurement policy and procedures

    Max Lionel Realty procurement policy

    14 Principles governing the Max Lionel Realty procurement process

    1. Probity and ethical behaviour

    The principle of probity and ethical behaviour governs the conduct of all procurement activities. Employees who have authority to procure goods and services must comply with the standards of integrity, probity, professional conduct and ethical behaviour. Employees or directors must not seek to benefit from supplier practices that may be dishonest or unethical.

    2. Value for money

    Value for money is the core principle underpinning procurement. Contracted organisations must be cost effective and efficient in the use of resources whilst upholding the highest standards of probity and integrity. In general, a competitive process carried out in an open, objective and transparent manner can achieve the best value for money in procurement.

    3. Non-discrimination

    This procurement policy is non-discriminatory. All potential contracted suppliers should have the same opportunities to compete for business and must be treated equitably based on their suitability for the intended purpose.

    4. Risk management

    Risk management involves the systematic identification, analysis, treatment and, where possible, the implementation of appropriate riskmitigation strategies. It is integral to efficiency and effectiveness to proactively identify, evaluate, and manage risks arising out of procurement related activities. The risks associated with procurement activity must be managed in accordance with the organisation’s risk management policy.

    5. Responsible financial management

    The principle of responsible financial management must be applied to all procurement activities. Factors that must be considered include:

  • the availability of funds within an existing approved budget
  • staff approving the expenditure of funds strictly within their delegations
  • measures to contain costs of the procurement without compromising any procurement principles.
  • 6. Procurement planning

    In order to achieve value for money, each procurement process must be well planned and conducted in accordance with the principles contained in this document and comply with all of the organisation’s policies and relevant legal and regulatory requirements.

    When planning appropriate procurement processes consideration should be…

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    Assessment Task Simulated Business – Max Lionel Realty
    Last updated: Feb 2024

    Page 2

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