Budget Management Analysis - Research Paper Example

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Budget Management Analysis

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. Sawyer (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. ...Show more

Summary

Facility Redesign (Institution’s Name) Introduction This paper highlights on an example of a capital purchases that a hospital can make. The capital purchase to be discussed is a facility design that is posed to cost the hospital more than $5000…
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Budget Management Analysis essay example
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