Financial analysis in healthcare Coursework Example | Topics and Well Written Essays - 750 words

Financial analysis in healthcare - Coursework Example The performance of an organization comprises of the measured actual output of an organization against the set target output. A positive correlation exists between organizational performance and financial effectiveness. The real organizational output increases with financial stability and effective investment decisions. Economic effectiveness is particularly important for organizational performance based on its influence on the profits, return on investments and the return on the assets of an organization. For the initially invested funds to generate returns, subsequent investments that aim at building the capacity for production are made (Turner, 2011). These investments depend on the stability of a firm’s financial framework. When more profits are generated, the amount of resources reinvested and the reserves increase. The expansion of the investment of an organization holding other factors constant results to increased profitability and returns. An effective investment requires an effective financial strategy in order to generate real returns and produce the maximum yield. Every investment opportunity is faced with uncertainty and risk. Organizations with a sound investment and financial base are bound to survive bad times in the business cycle such as depressions and recessions. Organiza tions with unstable financial strategies are most likely to close down operations during these bad times. How well an organization performs in terms of competitiveness and market share are a function of its investment and financial strategies. An organization with an effective investment and economic base competes effectively in the market through proper investment of adequate resources to support its brand and hence excellent organizational performance. Organizations with an adequate financial history can attract a wide range of stakeholders that matter to the organizational

Sustainable Project Management Essay Example | Topics and Well Written Essays - 750 words

Sustainable Project Management - Essay Example ng the social, environmental, and economical interests in project management life cycle to attain a bearable, sustainable and equitable environment (Kohler & et.al., 2012). In other words, it bonds the people, planet, and profits realized in a construction project. This paper discusses sustainable project management under four concepts; project quality, economic studies (risks and benefits), construction waste management, and build operation and maintenance. Rose (2005) defines quality as the total characteristics of a product that satisfies the implied needs. A construction project has an anticipated project deliverables. Therefore, project quality management is a process that ensures that the delivered project meets the value for money to the client. The details of the scope of works and contract specification document determine the expected and the level of quality. Project quality management should be compatible with ISO 9000 and ISO 1000 quality standards as well as the guidelines. Project quality also focuses on management of the project and the delivered. Project appraisal is a forecasting technique rather than a formulation one. Despite this, there is no forecast without problems (risks). Uncertainties in certain scenarios can be transformed to risks. Therefore the risks are subjected to empirical measurement, analyzed and managed. Risk assessment is a study of existing probabilities that the project will attain a satisfactory performance. The following are the recommended steps for assessing project risks; Cost-benefit analysis is the commonly used appraisal technique for evaluating construction projects. It is required by the client to ascertain the value for money for the delivered project. A sustained project is thus that which he benefits outweigh costs. Cost-benefit analysis is a process that determines the pros and cons on the project life cycle. It is concerned with the benefits from quality management versus the costs of quality management