29 Jul WHAT IS THE DOLLAR VALUE ON TIME SAVED?
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?
What areas will require on-going cost and how much?
What are the non-monetary costs, such as reputation and health?
Determine the benefits of the improvement plan.
What is the dollar value on time saved?
What is the value saved?
What is the input saved?
Address in your summary if doing nothing is an alternative as well.
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