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…
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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
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Despite the fact that most construction contractors and managers take part in project procurement and bidding processes, these processes are not considered part of the process of cost estimation, which is somewhat independent. The commonest approach to cost estimates used in the construction industry is the definitive estimate, which is prepared using contract documents containing full project designs, plans and specifications.
In general, construction cost control consists basically of monitoring actual performance against cost estimates and identifying the variances. The traditional cost control system are good in contract management but cannot be practiced during the execution of the project.
Unfortunately, for various reasons, many countries’ construction sectors lag behind in the use of cost control techniques such as the Cost Value Reconciliation (CVR) and Earned Value (EV), two rather common methods of cost control.
The proposed system up gradation will not only allow the access to emails through our internal LAN but also through the use of remote access. This will greatly increase the communication between our employees to keep themselves updated about various policies, day to day issues and other professional job assignments.
The single estimates related with the projects can be achieved through the use of different techniques. PERT is one such tool which can help achieve the single estimates for project by combining three different estimates together to get a best available estimates based on weighted average.
he schedule and cost measurement techniques are part of such group of techniques which are considered as the most essential as they determine the practicalities of the project.
There are various techniques with the help of which the schedule estimations and scheduling can be
In this report I will demonstrate the implementation of different project management techniques. Here my basic aim is to finish the project before the due date because interest rates for home mortgages will rise to the 7% to
The realization of revenue and recognition of cost are acknowledged on periodic basis (Bevilacqua, 1987). The percentage of completion accounting method allows project managers to report income on the project as the works progresses and being done. This method is
trategy 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
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