Cost Management

COST MANAGEMENTByA Presented in Partial FulfillmentOf the Requirements ofProject Management CapstoneNovember 2005Address :City , accept , ZipPhoneE-mailInstructor :I .Practical Application of Cost ManagementEverything starts from the planning summons . readiness is the most important gradation of business practices approximatelywhat the world . Without proper(a) and careful planning , enterprises are accredited to lead nowhere but disaster in the capacious run . because , planning is obviously a step where we must flummox all of our effort , knowledge , study , and experience . The ships company in this term is not totally a thumping corporation but alike a doctor who supply health renovation or a freelance technician who pass technical service to maintain an denude conditioner , for exampleConcerning the terms forethought in a clinic , herewith , I provide just about tincture on how to sign on hostile prefigure so that the clinic will become cost-effective . The causa that I will discuss is on Dr . Stephanie ashen , the oldtimer administrator of uptown Clinic , a community mental health agencyPrior to the aimion , I will discuss about the importee of cost in an industry , including a clinic as followingGiven a special(prenominal) HYPERLINK http /www .economicswebinstitute .org /glossary /product .htm service production be are usually classified correspond to their responsiveness to contrary levels of production attainedFixed cost 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 indisputable period of time (say one yearVariable be grow with high levels of production (proportionally or notIII .SuggestionsReading the lists of previous expenses that uptown Clinic mad e , I suggest that uptown Clinic should redu! ce or adds several items as followingNo .

Items Previous year )Suggested cypher / vanquish case Suggested Bud cut /best case1 Professional meetings /dues 14 ,000 10 ,000 2 ,0002 advertize 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 dickens Social Workers 70 ,000 40 ,000 26 ,0006 executive 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 round salaries for two social workers and administ rators that I install to be furthermost greater they deserveIn addition , I also recommend to cut-off costs for consulting since as a developing clinics , Dr . Stephanie White has known wholesome how to run the clinics well so thither is no quest 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 necessarily 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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