Cost Management

COST MANAGEMENTByA Presented in Partial FulfillmentOf the Requirements ofProject Management CapstoneNovember 2005Address :City , carry , 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 proper and careful planning , enterprises are accredited to lead nowhere but disaster in the capacious run . Therefore , planning is obviously a step where we must put all of our effort , knowledge , study , and experience . The company in this term is not totally a big corporation but alike a doctor who provide health renovation or a freelance technician who deliver technical service to maintain an denude conditioner , for exampleConcerning the cost management in a clinic , herewith , I provide some suggestion on how to sign on hostile calculate 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 suggestion , I will discuss about the importee of cost in an industry , including a clinic as followingGiven a specific HYPERLINK http /www .economicswebinstitute .org /glossary /product .htm service production costs are usually classified correspond to their responsiveness to different levels of production attainedFixed costs 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 costs grow with higher 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 Budget / vanquish case Suggested Budget /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 Two 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 some salaries for two social workers and administrators that I install to be far greater they deserveIn addition , I also recommend to cut-off costs for consulting since as a developing clinics , Dr . Stephanie White has known well how to run the clinics well so thither is no need 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 needs to increase revenueTherefore , by cutting some costs above , 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

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