| Number of concept proposals = |
36 |
|
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (2 positions/entity) |
72 |
2 |
144 |
| Time to Prepare the Concept Proposal |
36 |
32 |
1152 |
| TOTAL HOURS |
|
|
1296 |
|
|
|
|
|
|
|
|
| Of the 36 concept proposals 60% will prepare submissions 36*0.60=22 |
|
|
|
| Number of submissions with prior concept proposals = |
|
22 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document (3 positions/entity) |
66 |
2 |
132 |
| Time to Prepare the Submission |
22 |
1500 |
33000 |
| Time Spent Modifying submission prior to Board Approval |
22 |
1000 |
22000 |
| Time to prepare correspondence between Board & Applicant |
22 |
10 |
220 |
| Preparation & Presentation to the Board |
22 |
40 |
880 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
22 |
1000 |
22000 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
22 |
40 |
880 |
| Maintenance of approved products that do not require Board action |
22 |
200 |
4400 |
| TOTAL HOURS |
|
|
83512 |
|
|
|
|
|
|
|
|
| Number of submissions without prior concept proposals = |
|
10 |
|
| Description |
Affected Entities |
Hours |
Total |
| Read Document ( 5 positions/entity) |
50 |
2 |
100 |
| Time to Prepare the Submission |
10 |
1500 |
15000 |
| Time Spent Modifying submission prior to Board Approval |
10 |
1000 |
10000 |
| Time to prepare correspondence between Board & Applicant |
10 |
10 |
100 |
| Preparation & Presentation to the Board |
10 |
40 |
400 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
10 |
1000 |
10000 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
10 |
40 |
400 |
| Maintenance of approved products that do not require Board action |
10 |
200 |
2000 |
| TOTAL HOURS |
|
|
38000 |
|
|
|
|
|
|
|
|
|
|
Total Hours |
122808 |
| Description |
Affected Entities |
Hours |
Total |
| Read Document |
188 |
2 |
376 |
| Time to Prepare the Concept Proposal |
36 |
32 |
1152 |
| Time to Prepare the Submission |
32 |
1500 |
48000 |
| Time Spent Modifying submission prior to Board Approval |
32 |
1000 |
32000 |
| Time to prepare correspondence between Board & Applicant |
32 |
10 |
320 |
| Preparation & Presentation to the Board |
32 |
40 |
1280 |
| Time applicant spends to respond to procedural, policy & data automation issues subsequent to Board approval |
32 |
1000 |
32000 |
| Negotiation of Memorandum of Understanding, including reinsurance arrangements & user fees |
32 |
40 |
1280 |
| Maintenance of approved products that do not require Board action |
32 |
200 |
6400 |
| TOTAL HOURS |
|
|
122808 |