1. What is a sensitivity analysis? 2. How would you use it in planning for future expansions?
4-5 paragraphs with references
1. What is a sensitivity analysis?
2. How would you use it in planning for future expansions?
3. What role does this kind of analysis play in your work environment and/or your home environment?
4. If you were trying to add a new service to your facility, what ratios would you use to determine if it would be profitable and how long until it would break even?
This is part one.
Here is the second part of the assignment.
10 slides not including title or references. Does not need speaker notes?
Your team of employees and you are working on a big project for the hospital's chief financial officer (CFO). Together, you will develop a system to justify the full-time employees of the laboratory department.
Address the following:
Decide how many hours during the week the department must be staffed to fully operate.
Calculate, using one of the FTE formulas to justify, how many full-time employees are necessary. Assume that the full-time employees will work five 8-hour shifts. The minimum amount of employees per shift is: 1 pathologist, 2 laboratory technologists, and 1 front office person.
Provide details as to the services the laboratory offers and the revenue it can generate for the hospital to help the CFO put this information into perspective.
Provide a cost analysis of the day-to-day operation expenses of the department.
Analyze cost using the cost classifications of direct versus indirect and flexible/variable/semi variable.
Combine the information into a PowerPoint slide presentation to present to the hospital CFO. Make the slides informational and also visually appealing.
Focus on the department your group has decided to address, and begin calculating the number of hours you feel the department needs to operate and how you would figure out how many full-time employees are necessary to achieve that level of operation. After doing so, start identifying costs that the department may incur as a result of normal operation and identify the revenue it is also capable of bring in. Write a brief summary of your findings
4-5 paragraphs with references
1. What is a sensitivity analysis?
2. How would you use it in planning for future expansions?
3. What role does this kind of analysis play in your work environment and/or your home environment?
4. If you were trying to add a new service to your facility, what ratios would you use to determine if it would be profitable and how long until it would break even?
This is part one.
Here is the second part of the assignment.
10 slides not including title or references. Does not need speaker notes?
Your team of employees and you are working on a big project for the hospital's chief financial officer (CFO). Together, you will develop a system to justify the full-time employees of the laboratory department.
Address the following:
Decide how many hours during the week the department must be staffed to fully operate.
Calculate, using one of the FTE formulas to justify, how many full-time employees are necessary. Assume that the full-time employees will work five 8-hour shifts. The minimum amount of employees per shift is: 1 pathologist, 2 laboratory technologists, and 1 front office person.
Provide details as to the services the laboratory offers and the revenue it can generate for the hospital to help the CFO put this information into perspective.
Provide a cost analysis of the day-to-day operation expenses of the department.
Analyze cost using the cost classifications of direct versus indirect and flexible/variable/semi variable.
Combine the information into a PowerPoint slide presentation to present to the hospital CFO. Make the slides informational and also visually appealing.
Focus on the department your group has decided to address, and begin calculating the number of hours you feel the department needs to operate and how you would figure out how many full-time employees are necessary to achieve that level of operation. After doing so, start identifying costs that the department may incur as a result of normal operation and identify the revenue it is also capable of bring in. Write a brief summary of your findings
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