31
Suggested activities to reduce your knowledge gap in section 12
Basic Understanding : 0-10
Working up from the local budget in your area , track how expenditure is established and monitored across the company as a whole .
Moderate Understanding : 11-22
Research your company ’ s recent revenue history and look at future projections . Make a note of what percentage is earned through passenger usage ( if any ) and sector funding .
Good Understanding : 23-33
Create a simple pie chart allocating costs in your company . Identify which costs are fixed and which are variable and identify elements such as debts , leases , salaries and wages . Work out what percentage of total annual costs your part of your organisation are controlling .
More ways CIRO can help you
IRO Operators ' Handbook :
Read about Financial & Investment Planning chapter ( Chapter 12 ) in the IRO Operators ’ Handbook . See page 5 for details .
Courses :
» Operators ’ Handbook Financial & Investment planning online course
» Railway Organisations Business Context taught short course
See page 6 for details
CIRO TV :
» The changing role of the TOC MD
» Faster Rail – A solution for Australia
» TransPennine Route Upgrade
Access CIRO TV in your members ’ portal
Upgrading your membership :
Section 12 can be used to upgrade your membership to Member and Fellow levels . www . ciro . org