Course Content
Reviewing existing policies
1.1 Identify existing policies in the organisation 1.2 Analyse existing policies according to organisational procedures 1.3 Evaluate improvement needs and opportunities 1.4 Consult with relevant stakeholders and confirm need for new policy development
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Establish the need for policy development
2.1 Identify internal and external factors likely to cause changes to organisation policy 2.2 Consult with relevant stakeholders and document impacts of factors identified 2.3 Analyse need for new policy against internal and external environment and existing policies 2.4 Identify and recommend to relevant stakeholders priority areas for policy development according to organisational procedures 2.5 Identify and analyse associated issues and risks likely to impact policy development 2.6 Implement risk management processes
Prepare for and develop policy
3.1 Identify type of information required to develop policy 3.2 Outline policy requirements according to organisational procedures 3.3 Develop an analytical framework for the development of policy 3.4 Source, analyse and apply relevant information to support policy development according to organisational policies and procedures 3.5 Develop, consult with and recommend to relevant stakeholders a range of policy options and assessment criteria 3.6 Obtain approvals from stakeholders according to the policy development plan and organisational policies and procedures 3.7 Draft policy according to consultations, feedback and organisational policies and procedures 3.8 Facilitate agreement to policy via organisational channels and relevant stakeholders
Release and review policy development processes and policy
4.1 Communicate with relevant stakeholders responsible for implementing new policy 4.2 Facilitate discussion and manage dissenting stakeholders 4.3 Release and promote the policy according to organisational requirements 4.4 Seek feedback and respond to relevant stakeholders for future improvements for policy development
BSBSTR503 Develop organisational policy
About Lesson

There are five steps to developing a policy that we describe in your learner guide. They are, identify the need for a policy, research and develop the policy, review and approval, communicate and implement and finally, monitor and review. We also touch on the concept of a policy cycle. This is typically applied to government policy makers, but it can be adapted for use within private organisations also.

In essence, both of these processes depict the creation or development of policies as a cyclic process. One where the need for change can be identified at any point, and lead to the start of the development process.

According to an article by the Australian government, ‘Policies, procedures and processes’ (business.gov.au, 2024), policies are an integral component of an organisation’s risk management and compliance strategy. Therefore, when you’re reviewing existing policies, you should be doing so through the lens of ‘risk’. e.g. What operations does the organisation conduct, and what potential risks might arise from these operations?

In doing so, you view policies more effectively. Instead of seeing them as a simple business requirement, you start to view them as a way of conducting business that provides clarity across the various operations and processes, and reduces the likelihood of harm caused by poor decision-making at all levels of the organisation.