Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For your business plan brief performance assessment, you will complete a cost-benefit analysis to help determine the feasibility of starting a new service line. Cost-benefit

For your business plan brief performance assessment, you will complete a cost-benefit analysis to help determine the feasibility of starting a new service line. Cost-benefit analysis (CBA) is a comparison of interventions and their consequences which includes both costs and resulting benefits (health outcomes and others). This is done by identifying the value (benefit) of why the nursing service line is needed. When you think about the cost vs benefit analysis, it is used to determine if the benefits outweigh the costs. Organization: large one-time costs, or recurring every 3-5 years (lifecycle), and how it will benefit the organization by increasing revenue, improving populations, etc. Day-to-Day Operations: day-to-day costs and benefits of running the nursing service line For this formative assessment, introduce an idea for a new service. For the organization category, identify at least three costs and three benefits that will positively or negatively impact the implementation of this new service. For the day-to-day operations category, identify at least five costs and five benefits that will positively or negatively impact the implementation of this new service

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Operations Across The Supply Chain

Authors: Morgan Swink, Steven Melnyk, Janet L. Hartley, M. Bixby Cooper

4th Edition

1260547639, 978-1260547634

More Books

Students also viewed these General Management questions