As a project manager, you have been asked to develop a ‘business plan’ for a newly built project for older people: Health Care Management Case Study, UOL, UK

As a project manager, you have been asked to develop a ‘business plan’ for a newly built project for older people in a local authority of your choice. Your project brief provides you with some financial data shown below:

• You have annual capital funds provided by your sponsors of £1.5 million.
• Your project has a capacity for 50 residents of which a third of these are for high support needs whilst the 2/3rd are for low/medium support needs.
• The weekly revenue for the higher support needs is twice the low/medium support residents.
• You have been asked to make appropriate financial assumptions, such as weekly charges, occupancy rates of between 75 – 85%, and any other investment that needed to be made.
• The project will be for an initial three years; hence you will provide a cash-flow, and projected income and expenditure as part of the business plan.