Cost Management

COST MANAGEMENTByA Presented in Partial FulfillmentOf the Requirements ofProject Management CapstoneNovember 2005Address :City , read , ZipPhoneE-mailInstructor :I .Practical Application of Cost ManagementEverything starts from the planning summons . proviso is the most important gradation of business practices approximatelywhat the world . Without right-hand(a) and careful planning , enterprises are accredited to lead nowhere but disaster in the capacious run . whence , planning is obviously a step where we must launch all of our effort , knowledge , study , and experience . The attach to in this term is not totally a declamatory corporation but alike a doctor who cater health renovation or a freelance technician who endure technical service to maintain an denude conditioner , for exampleConcerning the woo ov ersight in a clinic , herewith , I provide around breath on how to sign on hostile elaborate so that the clinic will become cost-effective . The causa that I will discuss is on Dr . Stephanie ashen , the oldtimer executive of uptown Clinic , a community mental health agencyPrior to the bring upion , I will discuss about the importee of cost in an industry , including a clinic as followingGiven a circumstantial HYPERLINK http /www .economicswebinstitute .org /glossary /product .htm service production be are usually classified correspond to their responsiveness to distinguishable levels of production attainedFixed be are plain not responsive to production levels . For instance , the cost of renting an office is a fixed cost , since usually the entreat fixes it for a certain period of time (say one yearVariable be grow with higher(prenominal) levels of production (proportionally or notIII .SuggestionsReading the lists of previous expenses that uptown Clinic made , I suggest that uptown Clinic should reduce! or adds several items as followingNo .

Items Previous year )Suggested cipher / vanquish case Suggested Bud tolerate /best case1 Professional meetings /dues 14 ,000 10 ,000 2 ,0002 advertising and promotion 9 ,000 20 ,000 20 ,0003 Salaries (two social workers 46 ,000 35 ,000 30 ,0004 Consulting 10 ,000 5 ,000 2 ,0005 devil Social Workers 70 ,000 40 ,000 26 ,0006 administrator 60 ,000 35 ,000 21 ,000br Reduced budget for upcoming years- 64 ,000 - 94 ,000 In the table supra , I suggest that Dr . Stephanie pureness , the point Administrator of Uptown Clinic , should reduce just about salaries for two social workers and administrators that I install to be farthermost greater they deserveIn addition , I also recommend to cut-off costs for consulting since as a developing clinics , Dr . Stephanie White has known rise up how to run the clinics well so thither is no get hold of to conduct extensive consulting sessionIn addition to reduce some costs , I also suggest that Dr . Stephanie White , the Chief Administrator of Uptown Clinic , should increase the budget for publicize and promotion . This is because the clinic need to increase revenueTherefore , by cutting some costs to a higher place , I believe that the Dr . Stephanie White , the Chief Administrator of Uptown Clinic , could still provide better operate to customersBibliographyHansen , Don...If you want to get a full essay, order it on our website: BestEssayCheap.com

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