1. Explain why it is important to regularly review and evaluate existing strategic, business and operational plans when developing a business plan. 2. Why is it crucial to consult with key stakeholders when reviewing and developing a business plan? 3. Why is it important to constantly review market requirements for an organization's products and services? 4. How does including a comprehensive customer profile in a business plan help an organization? 5. What information can a customer pricing options involve? 6. What does researching pricing options involved? 7. Describe the crucial step of setting performance objectives and measures in a business plan. 8. Describe why a manager must take responsibility for ensuring that permits, licences and relevant legislation are addressed in a business plan. Give examples to illustrate. 9. Describe the process for preparing a business plan that ensures the content will be easily understood. 10. Describe why it is necessary to test performance measurement systems. BSBMGT617 Assessment Task 2 Project v1.0 Page 1 of 7 Crown Institute of Business and Technology Pty Ltd ABN 86 116 018 412 National Provider No: 91371 CRICOS Provider Code: 02870D North Sydney Campus: 116 Pacific Highway North Sydney NSW 2060 P 02 9955 0488 F 02 9955 3888 Sydney CBD Campus: Level 5, 303 Pitt St Sydney NSW 2000 P 02 8959 6340 F 02 9955 3888 11. Explain how a manager can ensure that reports on all key aspects of the business are available on time, and are user-friendly and balanced in terms of financial and non-financial performance. 12. Why is it crucial to report system failures, product failures and variances to the business plan as they occur? Provide an example of a product, service of system failure. 13. Describe methods to use to analyze performance reports against planned objectives. 14. Describe corrective