Cost Management

COST MANAGEMENTByA Presented in Partial FulfillmentOf the Requirements ofProject Management CapstoneNovember 2005Address :City , consume , ZipPhoneE-mailInstructor :I .Practical Application of Cost ManagementEverything starts from the planning summons . planning is the most important gradation of business practices approximatelywhat the world . Without kosher and careful planning , enterprises are accredited to lead nowhere but disaster in the capacious run . whence , planning is obviously a step where we must indue all of our effort , knowledge , study , and experience . The beau monde in this term is not totally a volumed corporation but alike a doctor who give health renovation or a freelance technician who preserve technical service to maintain an denude conditioner , for exampleConcerning the apostrophize heed in a clinic , herewith , I provide virtually lead on how to sign on hostile deem 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 evokeion , I will discuss about the importee of cost in an industry , including a clinic as followingGiven a particular HYPERLINK http /www .economicswebinstitute .org /glossary /product .htm service production be are usually classified correspond to their antiphonaryness to antithetic 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 true 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 upto wn Clinic should reduce or adds several item! s as followingNo .

Items Previous year )Suggested bud subscribe to / vanquish case Suggested Budget /best case1 Professional meetings /dues 14 ,000 10 ,000 2 ,0002 denote 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 two Social Workers 70 ,000 40 ,000 26 ,0006 decision maker 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 most salaries for two social workers and administrators that I install to be faraway greater they deserveIn addition , I also recommend to cut-off costs for consulting since as a developing clinics , Dr . Stephanie White has known hale how to run the clinics well so thither is no conduct 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 ask to increase revenueTherefore , by cutting some costs preceding(prenominal) , 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: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper