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

Budget Management Analysis - Research Paper ExampleThirdly, the research paper provide state the primary stakeholders of the hospital and their views towards redesigning of the facility and its associated work out. In the last section, the research paper will state the risks meand 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 facilitys 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 panache in meeting employees needs. Designing of a facility is usually aimed at ensuring that there is smooth flow of information, and motion material within an organizations space to e nable 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 much(prenominal) as safety within the facility, the ease of movement and talk, space utilization, material handling, and the impact on employees satisfaction and morale. ... he estimated budget for redesigning the facility is presented in the elude below Item Estimated cost($) Architectures fee 1500 Constructors fee 2000 Construction materials 3000 Purchase of new items 4000 Total 10,500 It is assumed that the facility to be redesigned is the customary 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 an d 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 bridge over 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 picture the hospital good returns on their investment. Management goals that wil l be supported by the expenditure It is of essence to note that the redesigning of the facility was implemented because of a counseling decision that was earlier made. Therefore, redesigning of the facility supports certain management goals that also have an impact of the financial