Questions/Tasks:
1. Read the above information carefully.
o Identify/calculate the nursing hours per weekend as planned to run the service.
o Identify/calculate the number of nursing evening shifts payable each week.
3. Briefly explain why the briefing information speaks about the staffing cost to the organisation rather than salary or wage. Why is the cost to the organisation higher than the hourly salary or wage paid to staff?
4. Identify and categorise the incomes and costs from the briefing document.
5. Identify the contribution margin.
6. Calculate staffing costs for the 12-week program.
7. Identify the minimum number of nursing staff required.
o How many nurses would be required per week?
o What might be the value of employing/engaging part-time or casual nurses?
o If agency nurses were to be used instead, what effect would this have on costs? Why?
o What strategies could you use to manage surges in demand?
o What would be a reasonable sick leave rate?
8. Identify which type of prospective budget you plan to prepare and list the reasons why.
9. Construct a budget for the project.
10. Construct a cash flow projection.
11. Identify whether the program will operate at a surplus or a loss, and what financial issues the organisation should be alert to.
12. Identify how many tests overall must occur to break even.
13. On average, how many tests per week and per day and per nurse would this involve?
