PROJECTED INCOME SUMMARY YEAR 1 YEAR 2 YEAR 3 Sales Forecast Minus Cost of

Projected income summary year 1 year 2 year 3 sales

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PROJECTED INCOME SUMMARY YEAR 1 YEAR 2 YEAR 3 Sales Forecast Minus Cost of Goods Sold Equals Gross Profit Margin Subtract Total Operating Expenses Subtract Depreciation Equals Net Income Before Tax
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5 WORKBOOK | © 2016 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT | OPERATIONAL PLANNING_V2.4 Activity 1.1 Individually or in pairs, discuss the following questions: 1. What is the operational plan? Use an example of how to be a successful team in your answer. 2. What is the importance of the strategic plan to the operational plan?
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6 WORKBOOK | © 2016 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT | OPERATIONAL PLANNING_V2.4 1.2 – Develop and/or implement consultation processes as an integral part of the operational planning process Consultation is the process where you gather information from both internal and external personnel to ensure that you can make an informed decision. Consultation is a key principle in ensuring that your organisation has a sound planning and decision-making process. For consultation to be effective, you must start consulting early in the process. Consulting requires that all parties are honest, open and committed to the project. Consulting when performed this way will assist in enhancing relationships between all parties. If you use manipulation in the consultation process, the process will fail. The consultation method you use will vary depending on the goal and outcome and will range from mere discussion through to participatory decision-making. The method that you use should be based on the input from your key informants and stakeholders who understand how best to involve the personnel interested in a potential decision making process. In large organisations, the consultation process is established by management and the supervisors are responsible for implementing the processes and employees are responsible for actively participating in the consultative process. These processes may be more formalised than having informal sessions between parties. This may however be sufficient in smaller organisations. Make sure that you familiarise yourself with the processes and procedures in place in your organisation. You may even be required to consult with stakeholders in different ways. For example, a manager that moves around as part of their position may not be available very often. To ensure that he obtains your message, you may need to send him/her an email. Conversely, another manager in the same position may prefer that you call him/her so that he can consult with you on a personal level. An organisation may have a survey tool that is used during the consultation process to maintain a record of feedback that can be utilised to improve processes. The tool, may be in the form of a questionnaire or a survey that can identify problems with processes and/or procedures.
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