Nobody downloaded yet

Painful vs. Painless Cost Control - Essay Example

Comments (0) Cite this document
Summary
The present study would focus on painful versus painless cost control as a method where any health care organization could judge all the parameters before implementing any reformations; as health care cost control directly influences people…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Painful vs. Painless Cost Control
Read TextPreview

Extract of sample "Painful vs. Painless Cost Control"

Download file to see previous pages This research will begin with the statement that сost control acquires numerous dissimilar approaches and outlines, which rely on the fundamental basis for dropping everyday expenditure, outflow, costs and disbursements. In order to safeguard self as well as the business, small-business holders, specifically, seek for cost control quantifications that facilitate equally, progress and sustainable business challenges. Despite the zone of expenses, trades should arrange for scheming their prices, the jeopardy towards excruciating cost control.  Painless cost control serves as a substitute of cutting down the prices in a trouble-free, flawless manner. The divergence between painful and painless cost control is that painful diminutions harmfully influence processes on the other hand, painless cost control comprises the slightest pressure on the enterprise and its prospects. Spontaneous or impulsive decisiveness to slash prices are by no means astute, since these verdicts probably culminate into meager options, inferior quality of goods and services, such decisions may result in assigning the job to unskilled person who may finish the work in an unprofessional manner, such an attitude not only hampers the quality of the output but also results in generating negative implication on the image of the organization. Essentially, controlling costs necessitates extensive and significant examinations and preparations. Painless vs. painful cost control is highly challenging and onsets with the development of enduring stratagem and producing the efficient strides to attain the objectives of the organization. In health care, where direct dealing is with the health and well being of the people, cost control matters usually encompass thorough planning for their implementation or reformation (Painful Vs Painless Cost Control). Observation Observation enables the authorities to analyze discrepancies associated with the small business, as these strides cannot be ignored. Variance or discrepancies is directly related to the diversity between the business planned to expend vs. the concrete expenses of the company (Painful Vs Painless Cost Control). Health care sector is considered as the recession-proof (Manchikanti, Singh and Bosewell, 2010). For example, the requirement of assistance and nursing staff at the surgical ward is 30 which may vary with the consultation clinic. As the health care organization operates centrally, in terms of painless cost control, staff could be provided to both the departments with minimum wages or the wages of the new recruitment could be reduced so as to keep the budget of the reformation and recruitment low and also to get hands on work. This holds true in a situation where population is large and vacancies are less. On the contrary, in terms of painful cost control, there could be no new recruitment to save expenses of extra wages. However, under such a situation it becomes difficult for the existing staff to provide their services to meet the demand of the situation. When the number of patients is less the staff will be in a position to manage well but if the number of patients are more the staff will feel fatigue to meet all the demands of the patients and this may result in exhaustion of the existing staff, thereby quality of performance of the existing staff is affected. Cause For smooth running of the business organizations, it becomes essential to ascertain the causes of divergence between the estimated expenses and the actual expenses. In health sector, use of paper, charges a burden on the organization besides purchasing instruments which are necessary to provide the health care with the upgraded technology (Painful Vs Painless Cost Control). Patient's reports and files are required to be maintained and therefore when such health organizations construct their budgets, they rely on the total cost for paper. The health care organizations put the bid by means of bulk pricing, this results in getting lower costs per unit as compared to the cost ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Painful vs. Painless Cost Control Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/nursing/1454091-painful-vs-painless-cost-control
(Painful Vs. Painless Cost Control Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/nursing/1454091-painful-vs-painless-cost-control.
“Painful Vs. Painless Cost Control Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/nursing/1454091-painful-vs-painless-cost-control.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Painful vs. Painless Cost Control

Construction Cost Control & Management

.... The delays are likely to cause extra expenditure ostensibly due to increase in the cost of materials or labor, and all this should be accounted by the employer. To ensure that the claims are fully settled, the parties involved and the architect should hold monthly meetings which will ensure that they keep records of the work in progress. The meetings should be held continuously until the claims are settled fully. These records are used for a legal ruling and for smooth handling of claims (Eggleston, 1997). 3. The differences between traditional procurement and that of integrated supply chain The traditional procurement involved human to human interaction while integrated supply chain involves the use of information...
15 Pages(3750 words)Coursework

HS2- cost vs benefits

...? HS2-COST VS BENEFITS By Presented to Greatrisks are linked to High Speed 2 (HS2) although it is viewed as the latest long term government project. Its risk lies in the higher-than-forecast in costs and lower-than forecast in benefits. Its commercial viability is at stake and will a need increased subsidies. The tax payers are entitled to pay high proportions of financial risks not indicated by DfT in the Economic Case. The financial risks in HS2 are greater than that of HS1. HS2 route is not economically viable but only gold-plated to comply with certain political demands. The Government’s base of argument is on the projected forecasts that are unreal. The painful...
11 Pages(2750 words)Dissertation

Construction Cost Control & Management

... per 100 Labor cost Craft operative ? 16 per hour General operative ?12 per hour 2.0 Historical overview of SMM. Standard Methods of Measurement (SMM) are principles of measure that were first introduced in 1979 to enable a well established way of financial controls and management of building works (Fuss and Mcfadden,1978). The principle dictates that the parties to contract should clearly understand what is required or is excluded in the measurements in order to develop a bill of quantities. The measures in the bill of quantities should include a well detailed specification and tender drawings which should be flexible according to the type of contract in order to allow variations in applications and techniques (Emit, Stephen... ?An approach...
10 Pages(2500 words)Coursework

Cost Control

...be processed in computers and is also understandable as the people working in the cost control department have a very clear idea of these codes. Cost control matrix is another way of controlling cost which traces the overlapping areas between material and work cost accounts. Earned Value Method Earned Value Method is the most effective and the most widely used method in cost control these days. It draws a comparison between the budgeted cost and actual cost of the project and also the elapsed time of the project vs. the scheduled time of...
3 Pages(750 words)Essay

McDonald's Cost Control

...? Julian of Norwich Not much is known of the life of Julian of Norwich, but what is known reveals this woman to be one of the great religious mysticsof any age. She had the independence of mind and fortitude to describe her spiritual experiences in a manner that others found both inspiring and accessible. As such, she managed to influence people over many centuries. What is known of her life is truly impressive and the writing she has left behind shows her to be someone who was not willing to blindly accept other peoples' interpretation of God; she wanted to find out for herself who God really was. Julian lived in England in the 1300-1400s and evidently lived into old age. She was a kind of hermit attached to a church... Julian of Norwich Not ...
2 Pages(500 words)Essay

McDonald's Cost Control

...? McDonald’s Cost Control Module Semester McDonald’s Corporation is the largest fast food chain in the world. It is present in almost every country of the world. It has been experiencing rapid growth since its birth and posing a lot of managerial problems to be solved. The management of McDonald’s has never faced a problem which is too difficult for them or one they cannot solve. They are diligent people who know the job they are doing and they try to tackle all the problems keeping in mind their core-competencies and skills. One of the toughest jobs of a financial manager is cost control. Cost control is an old concept and large...
3 Pages(750 words)Assignment

Cost Control

...Cost Control Affiliation with more information about affiliation, research grants, conflict of interest and how to contact. CHAPTER 15 Cost Control EX15.2 flexible Budgeting: Rocky mountain Manufacturing produces a single product. The original budget for November was base on expected production of 35,000 units; actual production for November was 33,250 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget Actual Costing Direct materials …………………….. $551,250 is ...
5 Pages(1250 words)Essay

Cost control: Planning to Contain Project Cost

...Planning to Contain Project Cost Kitchen remodeling project is not as easy to manage under the allocated budget. There can be many cost over-runs that can ruin the whole project result. Just like any other company project, kitchen renovation also needs tools to contain project costs. Project control measures are some of the most useful tools that managers can have. They ensure that management concentrates on the quality and not worry all the time about cost over heads. Most of the cost control measures for kitchen remodeling are applied in the labor section as it is the work area where there is most flexibility to allow...
3 Pages(750 words)Research Paper

Project Cost Control

...Controlling the costs within the project serves as the pivot towards the overall success or failure of the project. Realizing its importance, all themajor multinational companies and corporations adopt strategies for the purpose of minimizing the costs. The first and foremost strategy that must be devised towards the cost control is to identify the areas and domains within the organization and project that lead to the incurring of costs. The definition of costs is also imperative as often activities are taken for granted which amount to costs in the actual terms. Costs are defined as...
2 Pages(500 words)Essay

Cost control analysis

...Cost control analysis report TABLE OF CONTENT (I)Executive summary………………………………………………………………………3 1.0 Introduction…………………………………………………………………………….4 1.1 Research problem………………………………………………………………4 1.2 Research question………………………………………………………………..5 1.3 Objectives of the research…………………………………………………………5 2.0 Research methodology ………………………………………………………………5 2.1 Target Population…………………………………………………………………6 2.2 Sample size ……………………………………………………………………....6 2.3 Data collection means……………………………………………………………6 2.4 Research ethics…………………………………………………………….….…6 3.0 Findings………………………………………………………………………………7 3.1 Form observation……………………………………………………….……..…7 3.2 From interview………………………………………………………………...…7 3.3 Possible...
11 Pages(2750 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Painful vs. Painless Cost Control for FREE!

Contact Us