Budget Management Essays (Examples)
Study Document
Project Management Plan To Upgrade Hospital Equipment
… manager, I intend to focus on identifying and replacing the outdated equipment, raising the required funds using appropriate strategies.
1.1 Purpose of Project management Plan
The purpose of the Hospital Equipment Upgrade (HEU) PMP is to identify all outdated equipment in the target hospital, develop a plan … the project as staff members have a central role in identifying all the equipment with the potential to improve patient outcome.
3. SCOPE management
To ensure this project does not overlap with other ongoing projects in the hospital, it will only address the following:
1. Identification of … with minimal disruption to normal hospital activity and testing to ensure they work as intended and achieve the desired outcome.
3.3 Change Control management
To address changes in project definition, scope or approach, all requested changes will have to pass through, and be approved by, both the … ……
References
References
Healthcare Business. (2013, May 15). Report: Hospitals waste billions using outdated technology. Retrieved from Health Care Business Tech: http://www.healthcarebusinesstech.com/outdated-technology-wastes-money/
Lee, J. (2016, April 14). Top five risks of using outdated technology. Retrieved from Meridian: http://www.whymeridian.com/blog/top-5-risks-of-using-outdated-technology
Moran, W. J. (2019). Hospital Fundraising Best Practices. Retrieved from The Moran Company: https://morancompany.com/hospital-fundraising-best-practices/
Parand, A., Dopson, S., A. R., & Vincent, C. (2014). The role of hospital managers in quality and patient safety: a systematic review. BMJ Open.
Pohjola, T., Suhonen, M., Mattila, K., & Meretoja, R. (2016). The work done in healthcare projects . Journal of Nursing.
Ponemon Institute. (2013). The Economic and Productivity Impact of IT Security on Healthcare. Imprivata.
Study Document
Purchasing And Supply Management
Purchasing and Supply management
Introduction
Why is purchasing and supply management so important to a firm’s success? Burt (2010) perhaps puts it best: “Historically, supply management has been considered important because of its impact on costs” (p. 9). In other words, a firm seeking to be competitive and profitable … impact on costs” (p. 9). In other words, a firm seeking to be competitive and profitable must have a good purchasing and supply management process in place—otherwise it risks watching its bottom line whittle away due to costs that it did not try its hardest to reduce. … to costs that it did not try its hardest to reduce. This paper will discuss the importance and value of purchasing and supply management by 1) looking at how the function relates to selecting a qualified supplier, 2) selecting the best strategies for negotiating prices, 3) creating … function relates to selecting……
References
References
BDC. (2019). 6 ways the purchasing department can improve your business. Retrieved from https://www.bdc.ca/en/articles-tools/operations/purchasing/pages/purchasing-department-objectives.aspx
Benton, W. C. (2013). Supply chain focused manufacturing planning and control. Nelson Education.
Burt, D. N. (2010). Supply Management, 8th Edition. Devry.
Harland, C., Brenchley, R., & Walker, H. (2003). Risk in supply networks. Journal of Purchasing and Supply management, 9(2), 51-62. Retrieved from http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.471.2910&rep=rep1&type=pdf
Holmlund, M. & Strandvik, T. (1999) Perception configuration in business relationship, Management Decision, 37(9), 686-696
MacNeil/Lehrer Productions (Producer). (1999). Your computer, your way: Dell and thedirect sales model [Video file]. Retrieved from https://libraryresources.columbiasouthern.edu/login
Monczka, R. & Handfield, R. (2016). Purchasing and supply chain management. Boston, MA: Cengage.
NC State University. (2003). Negotiating for success. Retrieved from https://scm.ncsu.edu/scm-articles/article/negotiating-for-success
Study Document
Recruiting And Managing Volunteers For Social Impact Organizations
… following: 1) key partners, 2) key activities, 3) key resources, 4) value proposition, 5) buy-in support, 6) deployment, 7) beneficiaries, 8) the mission budget or cost, and 9) the mission achievement factors.
For this social impact organization, the key partners are going to be local leaders and … into the field to put the mission and vision into practice. Beneficiaries would be the recipients of the organization’s social impact. The mission budget would consist of the amount of funds that can be safely allocated to operations. And the mission achievement factors would consist of the ……
References
References
The Economist. (2011). Wikipedia’s fundraising, free but not easy. Retrieved from http://www.economist.com/node/21536580
Eisner, D., Grimm Jr, R. T., Maynard, S., & Washburn, S. (2009). The new volunteer workforce. Stanford Social Innovation Review, 7(1), 32-37.
Georgetown University Alumni Career Services. (2016). Effective Volunteer Recruitment & Management Strategies for Non-Profits. Retrieved from https://www.youtube.com/watch?v=a6h4Pk47ymE#action=share
Hager, M.A., & Brudney, J.L. (2004). Volunteer management practices and retention of volunteers. Retrieved from http://www.urban.org/uploadedpdf/411005_volunteermanagement.pdf
Screwvala, T. (2018). How Volunteering can help Change the World. Retrieved from https://www.youtube.com/watch?v=uGtFvOSmZ8A#action=share
Smith, D. H. (1994). Determinants of voluntary association participation and volunteering: A literature review. Nonprofit and voluntary sector quarterly, 23(3), 243-263.
US Department of Health and Human Services. (2005). Successful Strategies for Recruiting, Training, and Utilizing Volunteers. Retrieved from https://www.samhsa.gov/sites/default/files/volunteer_handbook.pdf
Study Document
Enterprise Risk Management In Wells Fargo During The Pandemic
Enterprise Risk management in Wells Fargo during the Pandemic
Introduction
As Beasley (2020) points out, enterprise risk management (ERM) is especially needed during the COVID 19 pandemic because of the “number of different, but interrelated risks spread all across most organization” … with risk understood at the macro level. This paper will provide 1) a critical analysis, including a comparison and contrast of Enterprise Risk management (ERM) vs. traditional risk management; 2) a discussion of hazard, financial, operational and strategic risks; 3) a SWOT analysis of Wells Fargo; 4) an examination of the relationship … ways in which auditors can incorporate ERM into the company’s audits; 7) a discussion of the role of financial derivatives as both risk management and a speculative tool; and 8) a discussion of the ways three leading companies (one domestic and two international) implement Enterprise Risk management.
Critical Analysis and Comparison of ERM with Traditional……
References
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
Walt Disney
… it has to be directional. Once the direction is defined, the parenting strategy has to be defined: this is the “manner in which management coordinates activities, transfers resources, and cultivates capabilities among product lines and business units” (Wheelan, Hunger, Hoffman & Bamford, 2010, p. 5). The strategy ……
References
References
Wheelen, T. L., Hunger, J. D., Hoffman, A. N., & Bamford, C. E. (2010). Strategic management and business policy. Upper Saddle River, NJ: Prentice Hall.
Study Document
Childrens Amusement Park
… services and products. Fourth will be the marketing mix that the company will use to reach consumers. Fifth will be the financial and budget concerns. And last will be a discussion of how to improve, control and monitor progress.
Situation Analysis
SWOT
Strengths of the amusement park … Membership fees and the sale of low cost food and beverage products will be the main revenue streams for the business and all budget for staff, maintenance crew, cleaning crew, and management will come from these streams.
The following will be prices for admission/membership:
Annual Family Membership: $450
Annual Single Person Membership: $95
Single Day … be $1.5 million and will be raised from private investors who will own shares in the company.
Promotional costs will include:
Sponsorships: Annual budget of $150,000
Social media marketing: $60,000 for salaried social media marketer employee
Improvements, Monitor, Control
Improvements will be made as needed……
References
References
Andzulis, J. M., Panagopoulos, N. G., & Rapp, A. (2012). A review of social media and implications for the sales process. Journal of Personal Selling & Sales Management, 32(3), 305-316.
Appelbaum, S. H., Habashy, S., Malo, J. L., & Shafiq, H. (2012). Back to the future: revisiting Kotter's 1996 change model. Journal of Management Development, 31(8), 764-782.
Chyi, H. I. (2005). Willingness to pay for online news: An empirical study on the viability of the subscription model. Journal of Media Economics, 18(2), 131-142.
Douglas, E. (2019). Houston economy to grow bigger, slower than other Texas cities: analysis. Retrieved from https://www.houstonchronicle.com/business/economy/article/Houston-economy-to-grow-bigger-slower-than-other 13903941.php#targetText=The%20Austin%20metro%20area%2C%20which,pace%2C%20according%20to%20the%20projections.
Frederick, S., Novemsky, N., Wang, J., Dhar, R., & Nowlis, S. (2009). Opportunity cost neglect. Journal of Consumer Research, 36(4), 553-561.
Lin, C. F. (2002). Segmenting customer brand preference: demographic or psychographic. Journal of Product & Brand Management, 11(4), 249-268.
Mangold, W. G., & Faulds, D. J. (2009). Social media: The new hybrid element of the promotion mix. Business horizons, 52(4), 357-365.
Teece, D. J. (2010). Business models, business strategy and innovation. Long range planning, 43(2-3), 172-194.
Study Document
Agency Theory And The Limitations Of Representative Government
The Political Nature of the Federal budget Process
Introduction
The federal budget process is overseen by US Congressmen, who are fundamentally immersed in the political nature of government. As Elwood (2008) notes, members of Congress … obtaining the votes necessary for reelection; and 3) by obtaining expert advice on topics that are of personal importance to them. The federal budget process is particularly impactful on the first two and vice versa. For example, “the ability to funnel money into a congressional district or … for a legislator to remain in office” (Elwood, 2008, p. 3). This ability creates a conflict of interest among the politicians overseeing the budget process. On the one hand they are tasked with producing a budget resolution and allocating funds based on the duty to serve the collective good; on the other hand they have a vested self-interest in … in ways that will benefit them,……
References
References
Eisenhardt, K. M. (1989). Agency theory: An assessment and review. Academy of management review, 14(1), 57-74.
Elwood, T. W. (2008). Politics of the US Federal Budget Process. International quarterly of community health education, 28(1), 3-12.
Jennings, M. (2008). Business Ethics: Case Studies and Selected Readings. Cengage.
Machold, S., Ahmed, P.K., & Farquhar, S.S. (2007). Corporate Governance and Ethics: A Feminist Perspective. Journal of Business Ethics (2008) 81:665-678.
ProActive Solutions. (2020). Agency theory. Retrieved from http://knowledgegrab.com/learners-zone/study-support/performance-management-review/framework-introduction-to-hrm/agency-theory/
Study Document
Valiant
… is committed to the expansion of economic prospects and developments for LGBTQ individuals, and the select certifying entity for LGBTQ-owned businesses (NGLCC, 2019).
management Team and Company Structure
The company structure of Valiant Marketing will be hierarchical comprising of different rakings using the top-down approach:
Industry Analysis
……
References
References
NGLCC. (2019). About NGLCC. Retrieved from: https://www.nglcc.org/
Hill, C., & Jones, G. (2011). Essentials of strategic management. Nelson Education.
Hill, C. W., Jones, G. R., & Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning.
Study Document
Acquisition Process In Action At The Department Of Energy
… work that was required to demolish and dispose of the contaminated building materials that were involved. For example, the U.S. Office of Environmental management’s Standard review plan: Acquisition strategy review module (2010) describes the role of the Alpha 5 project team leader as including the responsibilities set … list of documents, briefings, interviews, and presentations needed to support the review;
· Forwards the final review plan to the FPD and Environmental management (EM) management for approval;
· Leads the on-site review;
· Ensures the review team members complete and document their portions of the review and characterizes … Federal and Contractor personnel on the draft report; and,
· Finally, forwards the final review report to the Federal Project Director and Environmental management for consideration in making the decision to authorize start of construction (Standard review plan, 2010, p. 2).
Although the precise acquisition process that … it is reasonable……
References
References
About DOE. (2020). U.S. Department of Energy. Retrieved from https://www.energy.gov/about-us ,
About Y-12. (2020). U.S. Department of Energy. Retrieved from https://www.y12.doe.gov/ about.
Birchfield, J. W. & Albrecht, L. (2012). Successful characterization strategies for the active high risk Y-12 National Security Complex 9201-5 (Alpha-5) Facility, Oak Ridge, TN - 12164. United States.
Recovery cleanup project at Y-12. (2010). U.S. Department of Energy. Retrieved from https://www.energy.gov/orem/articles/recovery-cleanup-project-y-12-leaves-alpha-5-empty-feeling .
Standard review plan: Acquisition strategy review module. (2010, March). Washington, DC: Office of Environmental Management.
Supplement analysis for the site-wide environmental impact statement for the Y-12 National Security Complex (DOE/EIS-0387-SA-02). (2018, May). U.S. Department of Energy. Retrieved from https://www.energy.gov/sites/prod/files/2018/05/f51/EIS-0387-SA02-2018_0.pdf .
Teamwork successfully brings down the Alpha 5 Annex. (2018). U.S. Department of Energy. Retrieved from
Study Document
Integrated Waveguide Technologies Preparing For A Public Offering
… account as a source of income for the investors but also have an information signaling effect. Therefore, a dividend distribution is informing the management of the earnings to allocate as dividends and contribute to sharing purchase investment decisions. Dividend distribution policy is informed by multiple factors such … the stock repurchases have an inverse relationship with the EPS. The dividend distribution policy ought to be stable to ensure investor confidence. Therefore, management faces the tradeoff of adopting a capital budget decision to lower dividends and use the resources for new investment, which potentially decreases the stock prices or the undertake borrowing to pay … to raise capital. Distribution of excess cash through stock repurchase enables the reduction of agency costs. The stock repurchase is conceived as a management signal to the investors that the stock is overvalued, implying that the stock prices will increase. A stock repurchase implies that……
References
References
Al-Malkawi, H.-A. N., Rafferty, M., & Pillai, R. (2010). Dividend Policy?: A Review of Literatures and Empirical Evidence. International Bulletin of Business Administration, 5(9), 38–45. https://doi.org/10.12816/0037572
Baker, H. K., & Weigand, R. (2015). Corporate dividend policy revisited. In Managerial Finance (Vol. 41, Issue 2, pp. 126–144). https://doi.org/10.1108/MF-03-2014-0077
Black, F., & Scholes, M. (2010). The effects of dividend yield and dividend policy on common stock prices and returns. In Journal of Financial Economics (Vol. 1, Issue 1, pp. 1–22). https://doi.org/10.1016/0304-405X(74)90006-3
Farre-Mensa, J., Michaely, R., & Schmalz, M. (2014). Payout Policy. Annual Review of Financial Economics, 6, 75–134.
Mohanasundari, M., & Vidhya, P. (2016). Dividend Policy and Its Impact on Firm Value: A Review of Theories and Empirical Evidence. Journal of Management Sciences and Technology, 3(3), 59–69.
Travlos, Trigeorgis, & Vafeas. (2001). No Title. Multinational Finance Journal, 5(2), 87–112.
Improve your studying and writing skills
We have over 150,000+ study documents to help you.
Sign Up for FREE
