Quality Improvement Plan: Justifying Cost

Write a 700-word Cost-Benefit Analysis using the improvement plan you decided to adopt from the Wk 2 Quality Improvement: Action Plan assignment. Include the following areas in your analysis:
o Determine the cost of the improvement plan.
o What areas will require capital cost, and how much?
o What areas will require labor cost, and how much?
o What areas will require on-going cost, and how much?
o What are the non-monetary costs, such as reputation and health?
o Determine the benefits of the improvement plan.
o What is the dollar value on time saved?
o What is the value saved?
o What is the input saved?
o Address in your summary if doing nothing is an alternative as well.
o Make a recommendation and plan of action based on the results.

Sample Solution

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