Resource requirements may include f goods and

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Resource requirements may include: f Goods and services to be purchased and ordered f Human, physical and financial resources - both current and projected f Stock requirements and requisitions Based on your budget, teams will be allocated sufficient resources to meet their goals. At times, if control is not maintained on the allocation of resources, then team members’ ability to meet their end needs will be affected. To ensure that resources are correctly allocated, a detailed plan needs to be completed so that individual can complete their prescribed tasks in a timely manner. When determining actions, you must be able the following questions: To answer these questions you should question the team members and stakeholders who would be in a place where they would know the answers to each question. In dealing with operational concerns and the allocation of human resources, you should research any staff problems.
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4 WORKBOOK | © 2016 YOUNG RABBIT PTY LTD, AUSTRALIAN PACIFIC COLLEGE BSB51915 DIPLOMA OF LEADERSHIP AND MANAGEMENT | OPERATIONAL PLANNING_V2.4 For example: You may be required to demonstrate these answers on a spreadsheet. 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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