This is a paper that is focusing on the student to write a 700-word Cost-Benefit Analysis using the improvement plan. The paper also provides additional information to use in the writing of the assignment paper. Below is the assessment description to follow:
Write a 700-word Cost-Benefit Analysis using the improvement plan
Write a 700-word Cost-Benefit Analysis using the improvement plan you decided to adopt from the Week 2 Quality Improvement: Action Plan assignment. Include the following areas in your analysis: Determine the cost of the improvement plan. What areas will require capital cost, and how much? What areas will require labor cost, and how much? Additionally, what areas will require on-going cost, and how much? What are the non-monetary costs, such as reputation and health?
Week 3 – Quality Improvement Plan: Justifying Cost Assignment Content Now that you have outlined an action plan around the area that needs improvement in your organization, you will need to determine the feasibility of the plan, which includes justifying the resources based on the cost-benefit analysis.
Determine the benefits of the improvement plan. What is the dollar value on time saved? What is the value saved? Also, what is the input save? Address in your summary if doing nothing is an alternative as well. Make a recommendation and plan of action based on the results.
Remember, ensure that the pages are exclusive of the cover and the reference pages. Also, ensure that you include all the references you use in finding research for this assignment paper. References should be at least three for the paper. All references, citation, and writing should follow the APA formatting and styling guidelines. Finally, ensure you focus on the assignment topic in detail.
Ensure that you follow the instructions provided keenly. Marking of the assignment is on how you do the task and how you submit the assignment too. In case of any question feel free to ask your instructor for more guidelines before doing the assignment.
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