Budget Management Analysis Research Paper Example | Topics and Well Written Essays - 1500 words

Budget Management Analysis - Research Paper Example Thirdly, the research paper will state the primary stakeholders of the hospital and their views towards redesigning of the facility and its associated budget. In the last section, the research paper will state the risks involved in pursuing the redesigning of the facility and the risks of not redesigning the hospital. Facility redesign According to the studies conducted by Sawyer (2009), facility is the space whereby employees of an organization carry out their respective duties while design refers to the layout or the architecture of the mentioned space. Sawyer (2009) further stated that facility’s design is an integral component of the operations of an organization because it determines the results of the production process and it goes a long way in meeting employees’ needs. Designing of a facility is usually aimed at ensuring that there is smooth flow of information, and work material within an organization’s space to enable operations to proceed smoothly. Saw yer (2009) stated that a good design of a facility is usually able to integrate employees’ needs, work materials, as well as machinery in a single and effective system. The designing and redesigning of a hospital facility usually takes into consideration various factors such as safety within the facility, the ease of movement and communication, space utilization, material handling, and the impact on employees’ satisfaction and morale. ... he estimated budget for redesigning the facility is presented in the table below: Item Estimated cost($) Architecture’s fee 1500 Constructor’s fee 2000 Construction materials 3000 Purchase of new items 4000 Total 10,500 It is assumed that the facility to be redesigned is the general ward that holds patients with less severe medical cases and therefore the facility does not entail numerous complexities. Moreover, the nurses’ lounge is also located in this general ward. The construction fee is only $2000 and it includes the cost of labor. The amount is considerable small because the work involved will be less, as it will just involve a makeover. The hospital will separately purchase the construction materials listed by the constructor in order to avoid an excess or exaggerated budget arising from the inflated prices by the constructor. The materials will include things such as paints, timber, nails, pipes, cables, and cement, among others. Redesigning the facility will also involve putting in place new items that support the new design, and hence the $4000 budget, which will cover for items such as curtains, beddings that match with the new wall paintings. Other items that will be purchased include new computers, furniture, and communication systems that will be installed at the nurses’ lounge. The total budget for the entire project will be $10,500, which is a considerable amount but it is likely to give the hospital good returns on their investment. Management goals that will be supported by the expenditure It is of essence to note that the redesigning of the facility was implemented because of a management decision that was earlier made. Therefore, redesigning of the facility supports certain management goals that also have an impact of the financial

SWOT Analysis of Organization Essay Example | Topics and Well Written Essays - 500 words

SWOT Analysis of Organization - Essay Example Opportunities are those external environmental conditions favorable towards the organization. This can help the organizational to achieve its objectives. Whereas, threats are also external factors which may act as a preventing measure against achieving organizational growth. SWOT analysis is a technique that helps in identifying key factors. It also helps the organization in developing plans to tackle such scenario in future. Apple, Inc. is one of the oldest companies in field of designing and manufacturing computers. In the present day, they also manufacture and design mobile phones, portable music players, and also related accessories. Apple, along with their manufacturing part also provides Macintosh operating system software, internet software, multimedia software, business application software and also wireless connectivity services. The motto of Apple is ‘Think Different’. It was founded in the year 1976. It’s headquarter is situated in Cupertino, California. Apple’s operation focuses mainly on software products, computer products and communication products. Its retail business generation is carried forward through 215 retail business stores and also their dedicated website. Apple always backs innovation and its strengths have been the creation of integrated products and along with the development of user friendly software. The high quality of the product makes a big positive difference for Apple. Unique design, stylish looks like iPod Nano, light weight materials are all diverse feature of Apple. Ease of use is also a bright feature of Apple. Aggressive campaigning and commercials are also part of Apple’s strengths. Apple has a competitive advantage by embedding a closed community. Apple has other strengths as well like strong and healthy balance sheets, integration of their entire solution, innovation like iPod, iPhone,