Correlational Research in psychology

Correlational Research in psychology

Correlational Research

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Correlational Research in psychology

Research in psychology relies on two primary categories of methodologies. One of the categories is correlational research, and the other one is experimental. Each of these two categories plays a significant role in research and is responsible for providing various aspects. Variables are the key differentiating aspects between the two categories in a research. Correlational research involves using statistics to determine the relationship between the involved variables (Schmidt, n.d.). Firstly, the research methodology involves identifying hypothesis and theories that two available variables are connected. In turn, this makes correlational study a quantitative research. The next step involves scrutinizing and grouping each of the variables with an aim of separating them. At this stage, researchers find as many details as possible about the subject under investigation. This is done using varying methods depending on the required information about a subject. Observation, for example, is a method that researchers apply in gathering information under correlational research. Taking surveys and handing out questionnaires are other methodologies that researchers apply in acquiring new information related to the subjects under scrutiny. Researchers also explore archived information about a subject with an aim of unraveling new information about the subject in a study.

Correlational research involves two variables that have a link. In this case, aggressiveness and performance are two variables that have a relationship. Aggressiveness is a variable that can relate to someone’s performance at work. In addition, it is an aspect in life that is easily triggered by different factors. These factors include life’s challenges where one has to be aggressive to overcome hurdles in life. Additionally, aggression can be triggered by goals in life. Just like hard work, aggression is a necessary ingredient required to attain great success in life (Waters, 2013). Therefore, aggression is easily brought out in a person by the urge to make a big achievement. As such, research of aggression can be based on a noticeable factor such as a life goal. Performance is something that workers strive to achieve at their places of work. They work with diligence as they look forward to impressing their employers and possibly attaining rewards. Performance is a factor that can be measured using different methods. For example, it is possible to quantify it by the number of products one processes within a defined period. The two variables presented in this case can be identified by making critical observations, which is one of the methodologies applied in correlational research.

Results obtained upon carrying out a study on one’s performance at work based on personal aggression can lead to several changes. The results can be used in various ways, but more importantly to improve the work place functionality. Often, employers aim at improving productivity at the place of work and they do that by checking their employees’ performance. Hence, the results attained from studying employees’ performance and aggression can be used to formulate means of improving productivity. Employers can coin triggers that can help employees achieve the required level of aggression. Such triggers include placing incentives, achievable deadlines, and workloads. Consequently, employees work with a mindset that they need to complete projects within the expected standards to attain the incentives set aside for them (Waters, 2013). Employers can use the results to know the areas in a workplace that need adjustments. However, some areas may be performing as expected while some may be in need of improvement.

References

Schmidt, R. S. (n.d.). Correlational research. Research methods. Retrieved on 20 September 2013 from http://capone.mtsu.edu/sschmidt/methods/correlational.html

Waters, J. (2013). Conducting correlational research. Capilano University. Retrieved on 20 September 2013 from http://www.capilanou.ca/psychology/student-resources/research-guidelines/Correlational-Research-Guidelines/

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Correlational Research

Correlational Research

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Correlational Research

Although correlational research has been used over time as one of the most important methods qualitative research, it is in most instances compounded by certain shortcomings that undermine the credibility and validity of the results that are attained. For this reason, researchers or investigators using this type of research need to exercise a high degree of cautiousness in a bid to enhance the credibility of their results. This is particularly so because in the psychological field, the relative researches have far reaching implications on the wellbeing f the society. Besides being employed in policy formulation and enforcement, the respective findings inform critical decision making. It is against this background that this paper explores important confounds in Tomasello’s Culture and Cognitive Development and Gauvain’s Cognitive Development in Social and Cultural Context. It then proceeds to determining whether the respective investigators have acknowledged the inherent inconsistencies in their researches. Finally, it describes a research design that could be useful for clarifying the results of the respective correlational research.

Typically, correlational research does not establish direct and distinctive social relationships between the factors under examination. It this respect, it becomes difficult to make credible inferences accordingly. In his study, Gauvain (1998) argues that culture plays an imperative role in cognitive development. The author attributes the organization and development of cognitive development to three main factors that include cultural values and activity goals, the material as well as symbolic tools that are useful for satisfying cultural values and goals and the higher level structures that are useful for instantiating the cultural values and goals of daily practices. The shortcoming of this study is its failure to appreciate the individual capacities that greatly influence cognitive development. In this respect, it is worth appreciating that culture is a very complex and dynamic social aspect that can not be explored from a single distinct point of view. This is further compounded by the fact that it is dynamic and influences the biological wellbeing of an individual.

Gauvain (1998) acknowledges that personal abilities and skills that emerge and are displayed in various social environments have not been accounted for. He suggests that future studies need to focus on this aspect in order to make the study complete. This is due to the fact that the individual is at the center stage of both the culture and cognitive development. An ideal research design in this regard could have focused on the employment of multiple regressions. This entails use of multiple factors to accredit the respective relationship.

Tomasello (2000) on the other hand explores the relationship between culture and cognitive development. Through culture, he indicates that humans are able to develop their cognitive ability and foster revolution. Children in this regard are presented as having the ability to learn through adults as opposed to from adults. Likewise, this study is limited by the cat that it does not put in consideration various social and biological factors that foster the cognitive development. This is regardless of the fact that the author underscores that in certain situations, the learning does not occur through imitation. Besides the biological evolution and cultural processes, it should be acknowledged that environmental factors also contribute significantly to the process of learning. In essence, cognitive development is a complex process that is necessitated by various factors that share intricate and augmenting relationships. Tomasello (2000) inconclusively and indirectly mentions this concern but does not directly address it at the end of the study. He makes the mistakes of concluding that there is indeed a relationship between cognitive development and the biological and relative cultural factors.

An ideal design in this regard needs to have addressed the issue of the common causal variable that is also referred to as the third variable. Basically, this constitutes a variable that is not a part of the research but which is instrumental in establishing a relationship between the outcome and predictors. In light of this study, this can be represented by the environmental factors that are imperative in this particular study. This would have gone a long way in bridging the inherent gaps and accrediting the study accordingly.

In sum, although correlational studies have been employed for a significant period of time, they have certain inconsistencies that have the ability to undermine the validity as well as credibility of the respective research. As it has come out from the preceding analysis, the two studies have certain inconsistencies that need to be addressed accordingly. The first study fails to provide a credible explanation for other cognitive representations that are exhibited by learners. He however acknowledges this shortcoming and recommends future studies to focus on this. An ideal design for it would have been employment of multiple regressions to explain his research topic. The second study fails to underscore the role of environmental factors that directly affect cognitive development. The author does not hover acknowledge this shortcoming. An ideal design in this respect would have considered the role of a third variable.

References

Gauvain, M. (1998). Cognitive development in social and cultural context. Current Directions in Psychological Science, 7, 188-192.

Tomasello, M. (2000). Culture and cognitive development. Current Directions in psychological Science, 9, 37-40.

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Corruption of Marriage in Nevada

Corruption of Marriage in Nevada

Didion, Joan. “Marrying Absurd”, 2005. Web. HYPERLINK “http://dl.ccc.cccd.edu/classes/internet/english100kn/MarryingAbsurd.pdf” http://dl.ccc.cccd.edu/classes/internet/english100kn/MarryingAbsurd.pdf (Accessed 5 December 2011)

Corruption of Marriage in Nevada

The institution of marriage is perhaps one of the most astounding in the development of individuals in the society and is usually marked with jubilations reminiscent of its importance. Holding a wedding casually is not only contrary to the expectation of the importance of this event but also an insult of the noble intentions of tying the knot. Citing the compromising environment in which marriage and weddings in Nevada apparently contradict social expectations, Joan Didion generates deep feelings worth worrying for this American State. The author applies imagery to depict the casualness and contempt with which the Nevada community accords important social events, which generates a perfect nexus with the actual developments regarding absurdity around marriage. Irony and contradictions conspicuously persist throughout the article as the author’s attempt to paint the moral decadence with regard to marriage strikes a perfect balance in the discourse. The author paints the entire wedding quagmire in Nevada using imagery from an environmental scan and the commercial hype in Las Vegas which is unfavorable for serious social events.

In light of the description of the physical environment that the author picks to create imagery on the marriage confusion, a contrasting image appears giving the main theme a deep sense of life. From the premise that a couple’s engagement immediately after a wedding is like a young life, a nurturing environment can be thought of. Making an extrapolation of the most supportive conditions of a young life, perhaps the most delicate care and environment would be appropriate for inclusion in the nurturing conditions. However, Nevada is located in a harsh physical environment with desert conditions that could make a young life to struggle for survival. In terms of the physical harshness, if not desiccated to death, an encounter with poisonous rattlesnakes and bruises from mesquite present the cruelty awaiting.

Accompanying evidence of the harsh conditions imagery of the actual desert-like life in Nevada, which probably make weddings a casual affair in this environment fits perfectly in the discourse. Las Vegas is cited majorly in many respects of this environment where sensible marriage would not exist. Presence of call girls in plenty in the town simulates a scandalous environment where casual unions are the order of the day (1). Presenting such an environment as a perfect choice for conducting a wedding is perhaps an insult at its best and scandalous at its worst. Gang life emerges in the discourse as a normal setting in which raving merry and gambling best thrive making Las Vegas as a preferred destination for fun seekers. Immediate gratification conspicuously obscures reasoning and patience which characterize honorable unions as weddings. Amyl nitrite poppers easily offered by stewards in this city paint a picture of a careless and addiction driven society that can only make things complicated for the married life. Such is the casualness in the physical setting that Nevada and Las Vegas in specific gives to marriage at the behest young unsuspecting couples who later find difficult to find control of the confusion.

Commercialization of fun in Las Vegas perhaps contributes to the indecent lack of distinction between marriage and fun. Apparently, commercialization of sex in Las Vegas is a little over the moralist’s perspective of a balanced society in terms of vices and values. Fun jinx hovers around Las Vegas and makes it above all standards of American definition of having fun in an outing. Every fun crazy and addicted spoilt and delinquent brat would find Las Vegas as a place to call home. Lack of sensual control in the city would force everyone to forgive the dwellers for confusing marriage with fun. The author reckons that Las Vegas lacks a sense of time since fun goes on every second of the days of the week around the year. In the context of this fun business frenzy, the confusion seems to wipe across any decency around noble ideas such as sex within marriage hence mockery of the wedding event in fun. The fun business around weddings in Las Vegas is evident in the wedding-intensive chapels in the city (2). Commercial plans for every wedding detail characterize the casual environment representing the contradiction. In such a commercial environment, moral decadence overshadows every holy shred of the institution of marriage, with scenes of underage couples and improper conduct from parents taking center stage at such weddings.

In conclusion, marriage absurdity in Nevada is particularly a casual encounter as the conditioned environment no longer recognizes it as so. A cold environment devoid of a moral backing corrupts marriage values from the community just as harsh climate in the nearby desert does. A casual treatment of serious tenets of life defies odds in Nevada, making delicate social organizations to suffer. It is therefore difficult for marriage to be a normal affair with a harsh environment and a highly commercialized social setting supported by fun addiction, due to the contradiction they give to marriage.

Work Cited

Didion, Joan. “Marrying Absurd”, 2005. Web. HYPERLINK “http://dl.ccc.cccd.edu/classes/internet/english100kn/MarryingAbsurd.pdf” http://dl.ccc.cccd.edu/classes/internet/english100kn/MarryingAbsurd.pdf (Accessed 5 December 2011)

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Cost and Budget Management

Cost and Budget Management

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Cost and Budget Management

The Central Artery/Tunnel (CA/T) project had an enormous problem with cost and value management. As a result, the project which took slightly over 20 years to complete, remains a monumental disaster that reminds tax-payers of the billions of dollars that have been wasted.

If an effective cost and value management strategy was employed from the onset of the project, it would have been completed successfully. One of the major problems the Big Dig project faced was an ever increasing budgetary quotation which soared from 2.5 billion dollars on its inception back in the year 1983 to 14.63 billion dollars in 2003, twenty years later. This resulted from a failure on the part of project management to forecast and plan adequately in terms of finances, personnel and any other resources in case of changes during the project implementation. The project management team ought to have considered the life-cycle of the project against cost so as to arrive at a life-cycle cost effective budget. Further, the project management team should have continually tested for the viability of this budget through employment of cost management to evaluate the functions of materials, the construction equipment involved as well as the processes involved so as to ascertain that the objectives are met at the lowest cost. The contractors should have been made accountable for their actions. This would have gone a long way in ensuring that they offered high quality work at reasonable costs. The audits however reveal contradictory information stating that there was no accountability demanded from the contractors who made mistakes.

Had the project management been keen in monitoring and controlling, which are key aspects of an effective cost and value project, the technical mishaps such as the collapsing of a section of the road would not have occurred in 2006. Through regular monitoring and evaluation, the progress of the project would be closely monitored to ensure that the project’s objectives were being met. Also, this would have enabled any correctional measures to be taken in order to avoid resultant dangers. However, it is clearly evident that this was not done because had it been done, the project management team would have detected the sub-standard concrete that the contractor used along with the poor quality of workmanship. It would have then taken corrective and preventive measures long before any detrimental effects such as death of a commuter were felt.

The principles of value management stipulate that a critical appraisal be done by the project management with a thorough analysis of all the project procedures so as to make decisions which reduce the number of wasteful processes and inefficiency while at the same time improving the benefits enjoyed by the customer. If this process was done, the numerous numbers of wasteful processes such as the repairs to the collapsed road section as a result of using sub-standard materials would have been avoided. This would have also enabled commuters a faster access to the road whose main aim was to ease traffic from the very beginning. The delays caused by the uncountable repairs deny the commuter the value he/she is supposed to be getting from the road due to extended shutdowns. The unfortunate delays caused throughout the project would have been avoided if proper planning, implementation, monitoring and evaluation were done.

In conclusion, cost and value management are key components of project management and should be accorded the importance that they hold. Even after completion of the Big Dig project, the many years delay coupled with the billions of tax payer’s money lost as a result of poor management have over-shadowed its value.

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Cost Benefit Analysis

Cost Benefit Analysis

Part 3

Cost Benefit Analysis

This is generally used to compute the aggregate evaluated expense being contrasted and the aggregate unsurprising advantages just to choose whether this undertaking is valuable for the organization of not. This technique is simple, versatile and easy to get it. This will help determine the flow of the cash flow in addition to its reliability in decision making. Yet you will discover numerous contentions against this. A group ought to first evaluate the all the objectives and necessities of the undertaking and afterward will assess all the needs of the conceivable disadvantages to choose climate the expense advantage examination is a helpful hypothesis of recourses and time (Boardman, 2010). This systems is generally used to choose that whether a change ought to be made or not. Just the expense advantage investigation is yielded utilizing the budgetary profits and expenses. Like for instance expense advantage investigation for building a street will be ascertained by taking the expense needed to manufacture and deduct this with the profit of financial which is as enhanced cost analysis of the cash flow (Liu, 2010). An alternate method for building the expense advantage models is by putting the fiscal esteem on the elusive profits and expenses.

Strengths for cost benefit analysis Cash Flow Innovation

Cost benefit analysis serves to pick the best conceivable proposal regarding the utilizations of stores, different assets and human help to give the organization a tremendous net benefit. Format for the expense advantage investigation helps you in auditing numerous distinctive activities and their suggestions and by changing over this data to the banquet for each cash entry (Pauker & Kassirer, 1975). This will likewise help in picking the best conceivable alternative. An expense advantage investigation spare a ton of trusts, important time and the anxiety, as it is exceptionally basic and straightforward.

Challenges of cost benefit analysis for the Cash Flow Innovation

Cost benefit analysis perceive all the profits and costs, and measured effectively. In any case as this is just done physically by the people, it for the most part dispenses with a few advantages and cost because of disappointment to anticipate these roundabout interfacing relations. When they apply the budgetary worth to the elusive things prompts a mistaken expense advantage investigation, and this would prompt raise the level of danger and choice making gets to be useless. The aggregate subjectivity involved by evaluating, approximating and perceiving the different profits and expenses is additionally a downside of expense advantage examination in light of the fact that a few advantages and expense are non-budgetary. All the appraisals and forecast is basically focused around prospect and past encounters, which are generally out of line. So this additionally prompts deluding and wrong cost advantage investigation.

Risk Analysis

Event Tree Analysis

Event tree analysis (event tree analysis, ETA) otherwise called choice tree investigation, is an alternate vital technique for danger examination that will be used to determine the effective of the cash flow technology being implemented. It is the occasions of a given framework, the investigation of the occasions may cause an arrangement of results, and subsequently assesses the likelihood of the framework (Mann et al,. 2002). Occasion tree is given a beginning occasion all conceivable ways and method for advancement, each part of the occasion tree occasions (with the exception of the top episodes) are the execution of specific capacities of measures to avert mishaps, and all have twofold results (achievement or disappointment). While the occasion tree outlines the different episodes reasons for the mischance arrangement bunch. Through different transitional steps in the mischance arrangement gathering can arrange the multifaceted nature of the relationship between the beginning episode and the likelihood of systemic danger lessening estimation, and recognize the mishap grouping gathering. So we can compute the likelihood of each of the key succession of occasions happened.

Part 4

Action sales plan Business planning is crucial in giving a schema of what is to be attained and how, which is the first venture to make effective deals.

First Step:The initial phase in the deals region plan, before actually making the arrangement I will make myself a master on my organization and the item. To make deals I need to peruse and know everything about the organization and the item, at the end of the day I say I need to achieve the master level that no one knows any data about them more than me. I accept that my insight will be my essential instrument.

Second Step: A SWOT investigation (Strengths, Weaknesses, Opportunities and Threats) which will incorporate all parts of the region, e.g. deals and exercises, qualities and shortcomings of key customer connections, the opposition and conceivable new rivalries. All elements, both positive and negative ought to be considered. The SWOT investigation will encourage me to figure out the key components for future achievement in this domain (Sunstein, 2000).

Third Step:Right now I will begin to contact my clients to present myself. I will begin on the biggest customers in the new domain and the devoted clients to my item and my organization to continue the relationship and guarantee on our prevalence against our rivals. My arrangement right now will be 1-creating long haul offering arrangement with the biggest customers 2- I will attempt to create heads with those real customers to extend my base. * I accept that the initial three steps will be my need and center at the initial 30 to 45 days in my new position..

Fourth Step:At this stage I will put more concentrate on picking up more customers and piece of the overall industry. In the wake of checking on the gave data on Cash Flow Innovation I see my offering focuses will be compressed in: 1. financially savvy (It is 20% more financial than different brands with same quality). 2. High Safety profile for all ages with the sterile bundles and the distinctive sizes. 3. All around perceived with high caliber. My procedure will be regulate eye to eye presentations to all the potential customers in my region utilizing all the deals and showcasing materials to push our offering focuses and its essentialness to the clients with week after week catching up on the results. Month to month exercises (Speaker gatherings, lunch gatherings and healing center battles) will of an extraordinary profit. In the meantime I can utilize other advertising means with all my prospective customers like conveying letters and press discharges as a presentation for our organization and our items.

Fifth Step: Cash Flow Innovation has a quick draining control with high security profile, simple to utilize and a monetary value preferences. Taking into account these peculiarities I will recommend on the advertising administration beginning drug store crusade to acquaint Cash Flow Innovation with drug stores and crisis rooms as a medical aid item for mending of little shallow cuts.

Sixth Step:I will make month to month assessment to permit me to screen and track the deals, make conformities where vital and to figure out whether deals are keeping pace with the objectives.

I will be close to home taking care of the positions for promoting and deals force. For the procuring procedure we can enlist outside or interior. Inside we can begin with .this will develop the lesson of the works realizing that we deal with our own. The primary step is to create a successful technique for spreading the saying about openings. We can utilize email or we can post recognizes on announcement sheets in break rooms or distribute them in the worker pamphlet. The key is to verify that everybody knows where and how to discover the information. Next, review inside employment recognizes the same way you set up those for outside postings. Make sure to incorporate all data: a concise depiction of the position alongside the coveted level of rank, exceptional abilities, degrees and some other necessities. In the event that competitors don’t essentially require a degree or expert certificate, make certain to note this in the employment description. After we use up inside applicants, are enrolling specific ability or more elevated amount positions, or have settled on a cognizant choice to select remotely. A show of sources exists to look over including, yet not constrained to: daily paper and exchange production

References

Boardman, A. E. (2010). Cost-benefit analysis.

Liu, B. (2010). Uncertain risk analysis and uncertain reliability analysis. Journal of Uncertain Systems, 4(3), 163-170.

Pauker, S. G., & Kassirer, J. P. (1975). Therapeutic decision making: a cost-benefit analysis. New England Journal of Medicine, 293(5), 229-234.

Reynolds, A. J., Temple, J. A., Robertson, D. L., & Mann, E. A. (2002). Age 21 cost-benefit analysis of the Title I Chicago child-parent centers. Educational Evaluation and Policy Analysis, 24(4), 267-303.

Sunstein, C. R. (2000). Cognition and cost-benefit analysis. The Journal of Legal Studies, 29(S2), 1059-1103.

Vose, D. (2008). Risk analysis: a quantitative guide. John Wiley & Sons.

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Cost Curves and Economics

Cost Curves and Economics

Cost Curves and Economics

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Question 1

We use seven cost curves to make decisions in economics.

Total cost curve: Firms produce at the lowest possible total cost for the produced quantity.

Total cost (TC) = Fixed Costs (FC) + Variable Costs (VC)

Fixed Costs (FC) – These are costs that have to be met no matter the production level.

Variable costs (VC) – These change with output produced

Marginal Costs (MC) – This is the additional cost of producing of one extra unit.

MC = σTC

MC = dTC/dQ = d(FC+VC)/dQ = dVC/dQ

MC is the gradient of the VC or TC implying that the magnitude of change in cost depends on variable costs.

Marginal costs increase as production increases in a law called diminishing returns. This continues to a point where the production of one more unit is untenable since the cost is greater than the revenue

On the other hand, Average fixed costs will always decrease with an increase in production but since marginal cost of production eats into the gain, the firm might be losing out at the lowest AFC.

Average costs.

AC = TC/Q = (FC+VC)/Q = FC/Q + VC/Q = AFC + AVC

AFC decrease as production rises while AVC doesn’t.

AVC is dependent to the MC.

The MC intercepts both AFC and AVC at their minimum points. This is because if marginal cost goes below the average cost, the average cost must be decreasing. Whenever MC<AC, the AC will fall regardless of whether MC is rising or not.

When diminishing returns to scale kick in at Q1, marginal cost curve begins to rise while ATC begins to fall until we get to point Q2 where an increase in AVC is equal to the decrease in AFC. In the short run, the output Q2 is lowest point of the average total cost and the output Q2 is known as the ‘productive efficiency output’ (Black 2002).

Question 2

Figures 1 and 2 prove that no economic profit is possible for firms in a perfectly competitive market, any gain in profits a firm makes by alterations in the equilibrium price or quantity by a single firm will be offset by a loss in efficiency, price or quantity produced. The equilibrium in the long run will always remain at the point where MR = MC.

In choosing the best production mix, we are assuming that the firm’s management is rational in making the decisions they make and that consumers are also rational and will choose the product that best suits them at the best suitable prices.

Profit maximization occurs at the output level which corresponds with the equality point between marginal costs and marginal revenue given that a profit maximizing firm operates at a point where total revenue less total cost is highest. In the Long run the firm will have to explore different options.

Output Q1 with Average cost 1

Output Q2 with AC3

Output Q3 with AC3

Output Q4 with AC2

All the production combinations above the LRAC are attainable but not realistic, while all the combinations below it are unrealistic for a firm focused on profit maximisation.

At Q1 the firm is producing but at a level below potential, given the resource mix present. As the firm takes advantage of economies of scale and becomes more efficient, it will start enjoying increasing returns to scale. As firms expand, the economies of scale will come from factors such as more availability of cheap credit, more specialization of its labour, more discounts and bargaining power among others. The point Q2 is referred to as minimum efficient point, which is the point at which a firm has exhausted its economies of scale.

Over a certain range of output (Q2 – Q3), the Average cost could be constant but after some time, the benefits brought about by the economies of scale will start getting eroded. The erosion will arise from factors such as rising administrative costs, increased investments in capital goods such as space and equipment. The management will also start meeting challenges and this and other factors will cause the average cost to rise from here. The returns to scale will also start to decrease resulting to diseconomies of scale.

Question 3: The Perfect Market

A perfect market or perfect competition is hypothetically a market where competition is at its best. The neo-classical theory proffered that this is the market form that would yield the outcomes that would best suit all stakeholders; society, consumers and producers. The competitive market theory operates under certain assumptions.

References

Top of Form

Baumol, W & Blackman, S 2001, Perfect markets and easy virtue: business ethics and the invisible hand, Cambridge, Mass., USA, B. Blackwell.

Top of Form

Cassidy, J 2009, How markets fail: the logic of economic calamities, New York, Farrar, Straus and Giroux.

Black, J 2002, Perfect Markets and Economics today,Top of Form Cambridge, MA, MIT Press.

Miller, R 2001, Paving Wall Street: experimental economics and the quest for the perfect market, New York, Wiley.

Bottom of Form

Bottom of Form

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Cost Effectiveness Analysis of Flexible Optical Scopes for Tracheal Intubation

Cost Effectiveness Analysis of Flexible Optical Scopes for Tracheal Intubation

Cost Effectiveness Analysis of Flexible Optical Scopes for Tracheal Intubation

Introduction

The flexible optic scope is a primary method of performing intubations as a way of managing the difficult airway algorithms. The process is common among anesthesiologists. The method is only among other methods that could be initiated to serve the same purpose. The major differences among the various methods, which could be used, are costs effectiveness and reliability. This paper entails an analysis of the flexible optical scopes and the associated effectiveness in tracheal incubation. Flexible Optic Scopes in this case referred to both fiber-optic scopes and video scopes. The flexible fiber-optic form of intubation refers to an integral part of the Difficult Airways Algorithm but it has limited use mainly the non-emergent scenarios of difficult airways. The reason behind this limited use is its high costs of purchasing and maintenance. This type of incubation also requires the initiation of advanced training. While there exists two distinct forms of flexible scopes in terms of usability, the flexible health care facilities have been using for a long time (Tvede et al, 2012). For this research, the single use FOS is found to be the most cost-efficient.

An alternative to the flexible fiber-optic could be the Ambua Scope, which can be accessed easily within various scenarios in emergent clinics. It is also more cost effective compared to other techniques, which have failed due to other reasons besides high costs. Intubation with the use of the flexible optical scope is a great technique in the management of any predicted as well as unpredicted difficulty airway. While the total costs of making use of flexible scopes are entirely unknown, establishing a way to analyze the effectiveness of the technique would be a great idea. This is important especially considering that fiber optic scopes entail both video scopes and the fiber optic scopes. The introduction of flexible scopes, which are disposable, has initiated great change in healthcare and especially in the management of difficult airway according to Smith (2012). The cost effectiveness could however be inadequate for each of the two types of flexible optical scopes.

Background

Decision-making is hardly an easy process since requires significant attention, thoughts and wisdom according to Muennig (2007). This happens in all forms of organization although the health sector and its organizational setting require a bit more creativity in making decisions. Making decisions in the health sector is usually based on factual information rather than on assumptions. Other than the cost effectiveness of the flexible optical scopes, consideration of the health implications is a major consideration. The disposable flexible optical scope is fast gaining popularity among health practitioners (Tvede et al, 2012). The cost associated to the reusable flexible optical scope in performing intubation is however unknown. The real cost is influenced by various factors including its initial cost, its maintenance cost, the cleaning cost, and disinfector costs among other cost factors. In contrasts, the single use flexible optical scope does not need any repair activities or disinfection. It is purchased and used by physicians to perform intubation, with the exclusion of maintenance costs lowering its general costs.

An analysis of the various cost factors associated with the reusable fiber optical scope, would make it easier to recommend the single use fiber optical scope for use in hospital procedures. The definite choice is initiated by fact that the single use fiber optic scope does not need much servicing or cleaning even after use due to its disposable feature (Tvede et al, 2012). It is however vital to conduct a critical analysis of both fiber optic scopes to determine the most effective and efficient especially given that the actual cost implication of the reusable type has never been extracted in any existing or previous research. The background of this cost comparison idea is that the advancement of technological knowledge within the health sector is meant for the benefit of the patient (DeCusatis & DeCusatis, 2006). The technology can hardly be achieved without an aspect of cost considerations. This calls for the essence of scrutinizing all health care approaches to ensure that patients get quality care at an affordable cost (Smith, 2012). This is the central rationale behind carrying out a cost effective analysis for both the re-usable and the disposable flexible optical scans.

Deciding on the best fiber optic scope to use between the single use and the reusable type requires that health practitioners have to put much into consideration. Some considerations made include the aspect of the reusable FOS of having to be cleaned after every intubation. The cost implication associated with this case may not be direct but indirect, adding to the main cost of purchases. Indirect costs have been reported in the form of cases of diseases resulting from the process of decontamination. This aspect could be seen in the case of case of Creutzfeld Jakob disease, which was been diagnosed (Tvede et al, 2012). Technicians find the single use FOS as a significant step in addressing this challenge. This is provided in this case to signify the severity of the issue and the essence of carrying out a cost effective analysis on the two FOS to recommend on the way forward in selecting the most cost effective one.

Such reasoning could be shallow, a factor that would highly call for the use of cost analysis techniques to establish the best method of which to make use. Going by non-factual reasoning would lead people to engage in some critical thinking. This is because, although the use of the single use optical scope may appear cheaper at first but the indirect costs and the prolonged usage could prove it as being the most expensive type of flexible optical scope. Adaptation of new technologies may have own implications especially in the aspect of cost, which brings in ungrounded reasons for re-adapting earlier technologies due to their simplicity. New technologies usually consider cost implications, which could imply that the disposable optical scope has some cost advantages over the single use type. This argument is the ground for the cost effective analysis carried out in this paper.

The main challenge today is the adaptation to new technologies quickly without making any considerations such as the effects of adapting to them (Smith, 2012). It is true that most technological changes aim at improving on the present conditions, however, this does not mean that there is no need for exercising thoughts and considerations (Smith, 2012). In any case, there should be a thorough analysis of each form of intubation before a choice decision is made. This means that it is unnecessarily adequate to recommend one single FOS to manage all cases of predicted and unpredicted difficult airway. This is because each of the method may prove to be cost effective in different circumstances (Smith, 2012). For instance, physicians should consider the number of booked intubations before making the final decision oHin which FOS to use. This could ensure that the right equipment is used at the right time with the observation of cost effectiveness.

Literature review

Studies have been conducted on various scopes to investigate the cost advantages and effectiveness of each of the two types of flexible optical scopes. Numerous studies have been conducted in various parts of the world to carry out cost effective analyses on the two FOS. In one of the studies, this paper examines the detail aspects in the attempt to analyzing the cost effectiveness of both the disposable and the reusable flexible optical scopes. In countries like Denmark, similar analysis was carried out, in this case, in Copenhagen university hospital (Tvede et al, 2012). The study established that in the hospital, where the study was conducted, use Classical FOS containing optical fibers with an eyepiece at the proximal end were in use until during recent years. The study further revealed that sometimes a separate video camera would be attached to the eyepiece. However, during recent years several video, fiber, or hybrid scopes have become available (Tvede et al, 2012). This has led to the hospital offering disposable flexible video scopes to its anesthetists. According to the study, the recent introduction of the disposable FOS has called for a cost analysis (Tvede et al, 2012). The initiation of a cost-analysis process was to find the cost advantage of the disposable flexible optical scope in order to allow a cheap or affordable adaptability. From the study results, some people are strongly requesting a healthy economic study, which deals with the subject. This confirms that the single use flexible optical scopes are rapidly gaining influence in health settings.

From the study, it comes out that the total cost associated with flexible optical scope intubation has hardly been published any time before. Again, the costs of repairing equipments used in bronchoscopes have once been calculated, but the study focused on repair costs only in a pulmonology setting (Tvede et al, 2012). They measured and calculated actual total costs per intubation. This was done using a combination of traditional fiber and video scopes. The cost incurred was compared to the cost of using a single use flexible video scope. To understand the study, it is necessary to comprehend the method used. This is vital as the study is used in the paper to determine the cost effectiveness of the two FOS.

The cost of intubation using reusable FOSs was identified and calculated. One of the people underrating the study was a health economist. The duty of the economist was to ensure that the methodology of the study addressed the purpose (Tvede et al, 2012). The study was taking place at a multidisciplinary university affiliated anesthesia department. It provides about 80000 operations per year. This is especially within burns and plastics, oral and maxillofacial, eye, trauma, ear-nose, orthopedic and throat surgery. The number of actual intubations was extracted from the relevant database. The study also provides that the department have about 12 FOS at its disposal (Tvede et al, 2012). This means that the number of FOS is high enough to address multiple cases at once. According to the study, anesthesia activities in the department are spread in about four different areas. These places are situated at different floors. It is further revealed that the disinfectant-washer is placed on one floor (Tvede et al, 2012). This is to say that all the entire FOSs have to be brought to one floor for cleaning and disinfecting after every intubation.

In order to calculate total costs incurred, when using FOS, the procedure was observed from the start to the end. The process of data collection that involved observing the procedures took place for a period of two months (Tvede et al, 2012). At the beginning of the period, the observations were made by authors and team members. Information regarding the purchase of the available FOS and equipments that are directly related to the functioning of the FOS was gotten from the technical department of the hospital. Another relevant piece of information is the expected life of scopes and racks. Information regarding the cost of repairs was obtained from the hospital’s maintenance recordings of the hospital’s medical technical department (Tvede et al, 2012). During the collection of this information, it was revealed that a hospital medical technician used half of her working time servicing endoscopic equipment belonging to the hospital. The 12 FOS given to this department (multidisciplinary anesthesia) constitute of about 5% of the hospitals equipment (Tvede et al, 2012).

The cost of buying and operating the department’s washer-disinfector for the FOS was obtained from the manufacturer (Tvede et al, 2012). The cost of the space needed to be used in washing and disinfecting the endoscopes is estimated from the cost of an average square meter in a hospital setting in the city of Copenhagen. The cost of additional necessary, which is used for the procedure, was given to the researchers by the procurement department (Tvede et al, 2012). The various costs are listed to help the reader gain a clear understanding of the factors that are considered when establishing a cost effective analysis.

The calculated cost per every intubation encompasses all elements or aspects linked to the procedure except the time used by the physicians (anesthesiologists) to perform m the actual intubation. This is because this factor varies a lot. For instance, each doctor may have a different skill level. Doctors with high skills tend to perform the intubation faster than doctors with low skills. Teaching situations could also influence the length of an intubation (Tvede et al, 2012). These levels are disregarded when determining the cost analysis, as they cannot be adjusted to be used in the analysis.

In the study cost per intubation, reusable was said to be the total cost of all miscellaneous elements divided by the sum of intubations performed annually. After all the calculations were done, it was discovered that the cost of using reusable flexible optical scope was £ 177.7 per intubation (Tvede et al, 2012). The cost of using the disposable video scope was £204.4 (Tvede et al, 2012). These figures reveal that using reusable FOS is more cost effective than using disposable FOS. However, when other factors were considered, the results changed. For instance, a subgroup analysis indicated that the cost of intubation of a person using a reusable scope with a video monitor was £204.5 (Tvede et al, 2012). This reveals that looking at a specific set of factors may not yield the proper results. It is essential to integrate as many factors as possible when determining cost effectiveness (Smith, 2012). This helps one to get informed views from different point of views. This is helpful as one is able to choose the cost-effective approach based on the prevailing circumstances.

Decisional Model

The main aim of this decision model is to aid in making informed choices on the flexible optical scopes. This would a better way of settling into a conclusion about the most cost efficient flexible optical scope in contrast to the attitudes of many people to make choices out of tradition or habit according to Muennig (2007). In many cases, such people hardly undertake a systematic approach to decision making (Muennig, 2007). In this case, it is essential to adopt a systematic approach to decision making. This is because, if one is not careful, decision-making can be influenced by a variety of factors such as emotions that affect decision making negatively (Smith, 2012). Still, lack of information and proper skills leads to bad decisions. Because of the reasons provided and many others, this article adopts a professional model to help in making the right decision while choosing the most cost effective FOSs.

Figure1: A Decision Analysis Model

From the decision analysis model, it can be evident that the single use FOS is more cost efficient than the reusable FOS. The cost of the single use FOS is relatively lower than the cost of the reusable FOS. To get into the final solution in the decision making process, various steps are conducted before reaching a feasible conclusion. The various stages are designed to help decision makers approach issues comprehensively and systematically. The decision makers have to start from a point and there is also an ending point after the entire process of decision-making. In the identification of the problem or situation, the decision makers need to have a clear objective such as the cost effectiveness they would like to achieve from the use of a specific method. The major decision in this case is making the right choice out of the flexible optical method that would lead to cost effectiveness. From the two choices available, the decision makers would be able to identify possible alternatives. Identification of alternatives would require that the better of the two methods be chosen. The identification of alternatives is done using specific strategies. The alternatives have to have to indicate the possibility of reaching good decisions. From the available strategies, they would then decompose and model the problem, which is cost effectiveness in this case. The best alternative is then chosen. The choice of the best alternative is done carefully and with respect to the established objectives. In this case, the single use FOS could be chosen over the reusable alternative because it is much cheaper, the repair and maintenance costs are lower, there are low or no chances of disinfection cost, and the repair to procedure cost is lower than that of the reusable FOS. In this case, the repair to procedure ratio is 1:39 for the single use FOS compared to

Estimating probabilities

To estimate probabilities, there is the need to have some information on both the usage of reusable and disposable FOS. In the case of the reusable FAO, one has to collect data regarding the buying price, the maintenance cost, for a given period of time. Other costs to consider in this case include the cost of the washing-disinfectant and other costs related to the use of the device. On the other hand, the cost associated with the disposable FOS is the purchasing cost and the labor cost (Tvede et al, 2012). Other costs are either negligible or do not exist for this kind of FOS. After establishing this information, calculations would be carried out and adjusted to reflect different periods of time (Tvede et al, 2012). The information obtained after the calculations is useful in comparing and establishing the best approach to use in different occasions. The data collected is presented in the table below:

Table 1: Cost Differences between the Reusable and the Single-Use FOS

Costs Reusable Single Use

Purchase cost 557 300

Repair cost 53.46 53.48

Disinfection and preparation cost 33.16 0

Intubation Cost 119.75 120

Total Cost for Each type 763.37 473.48

The probability that the management would choose to use the single use FOS or the reusable FOS depends on the respective costs. The management chooses the option characterized by higher cost effectiveness. In this case, the probability of choosing one kind of the FOS could be established from the relative total costs for each FOS type. From the sensitivity analysis section, the total cost estimate for the reusable FOS is $763.37 while that of the single use FOS is $473.48. The total cost of using the two types of FOS is $1236.85. This implies that the fraction representing the total cost of the reusable FOS would be 763.37/1236.85, which comes to 0.6171888264542992. On the other hand, the cost fraction for the single use FOS is 473.48/1236.85, which becomes 0.3828111735457008. In this case the cost effectiveness would be higher for the smaller fraction while. Therefore, the probability that the management would make use of the single use FOS over the reusable FOS is 763.37/1236.85, which is equal to 0.617. The probability that the management would continue with the use of the reusable FOS is 473.48/1236.85, which is presented as 0.38.

Cost estimates

The cost estimates for the two FOS types depict significant differences, which signify great reasons why the two types of FOS have different effectiveness. The cost purchasing a single reusable FOS is about $557. This implies that for 6 units, the cost of purchase is $3342. The cost of purchasing the single use FOS is $300, an implication that the latter is cheaper. With respect to other cost implications, the reusable FOS is more costly than the single use FOS. The repair cost for one unit is estimated to be $53.46 while the repair cost for the single use is almost equal amounting to $53.48. While the disinfection and preparation cost for the reusable FOS is estimated to be $33.16, the single user has not disinfection or preparation cost. It has however, a slightly higher or almost equal intubation cost, $120, over 119.75 for the reusable FOS. The total cost is much higher for the reusable FOS since it stands at $763.37 against $473.48 for the single use FOS.

Sensitivity analysis

The sensitivity analysis involves the consideration the factors that may influence the alternative selected. It involves the establishment of the way the uncertainty in the selection between the reusable FOS and the single use FOS would be apportioned. This would differentiate the source uncertainties in the use of the two forms of FOS. The costs can be compared in a table as shown in the table presentation below:

Costs Reusable ($) Single Use($)

Purchase cost 557 300

Repair cost 53.46 53.48

Disinfection and preparation cost 33.16 0

Intubation Cost 119.75 120

Total Cost for Each type 763.37 473.48

From the table, the cost for a single unit for each unit is $763.37 for the reusable FOS and $473.48 for the single use FOS. The difference is $289.89, which would increase as the number of units increase. This means that if the organization uses 10 units of the reusable FOS instead of the single use FOS, it would incur and extra cost of $2898.9.

Summary

As discussed in the paper, cost effectiveness of any of the FOS ‘depend on a variety of factors that are directly related to cost. On the other hand when conducting few flexible optical nerves, a disposable flexible optical scope is cost effective. The best choice depends on the prevailing factors. It is advisable for health practitioners to use the decision analysis model provided in the article to come up with the best option in terms of cost effectiveness. In addition to this consideration, it is also necessary to bear in mind that other factors must also be considered. For this case, it can be concluded that the single use is the best since it has a higher level of cost effectiveness.

References

DeCusatis, C., & DeCusatis, C. J. S. (2006). Fiber optic essentials. Amsterdam: Elsevier/Academic Press.

Muennig, P. (2007). Cost-Effectiveness Analysis in Health: A Practical Approach. Hoboken: John Wiley & Sons.

Smith, A. D. (2012). Smith’s textbook of endourology. Chichester, U.K: Wiley.

HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Tvede%20MF%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Tvede MF, HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Kristensen%20MS%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Kristensen MS, HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed?term=Nyhus-Andreasen%20M%5BAuthor%5D&cauthor=true&cauthor_uid=22338623” Nyhus-Andreasen M. (2012). A cost analysis of reusable and disposable flexible optical scopes for intubation.. Pub med.gov. Retrieved from HYPERLINK “http://www.ncbi.nlm.nih.gov/pubmed/22338623” http://www.ncbi.nlm.nih.gov/pubmed/22338623

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Cost-Benefits Analysis Matrix

Cost-Benefits Analysis Matrix

Project Management

Name

Institution

Table of Contents

TOC o “1-3” h z u HYPERLINK l “_Toc387902625” Cost-Benefits Analysis Matrix PAGEREF _Toc387902625 h 3

HYPERLINK l “_Toc387902626” Risks of Integrating a New Payroll System PAGEREF _Toc387902626 h 4

HYPERLINK l “_Toc387902627” Gantt Charts PAGEREF _Toc387902627 h 5

HYPERLINK l “_Toc387902628” Performance Evaluation and Reviewing Technique (PERT) PAGEREF _Toc387902628 h 6

HYPERLINK l “_Toc387902629” Critical Path Method (CPM) PAGEREF _Toc387902629 h 6

HYPERLINK l “_Toc387902630” Feedback PAGEREF _Toc387902630 h 7

HYPERLINK l “_Toc387902631” Types of Behavioral Problems PAGEREF _Toc387902631 h 8

HYPERLINK l “_Toc387902632” References PAGEREF _Toc387902632 h 9

Project Management

Cost-Benefits Analysis MatrixAn organization that is planning to replace its internal payroll system with an outsourcing service has to consider the costs and benefits of outsourcing. Outsourcing is an effective way of dealing with internal problems and making the processes of organizations simple and efficient. While planning to implement a new system requires the managers to identify the costs involved. Replacing the old internal payroll system with a new outsourced payroll system will help in enhancing the productivity and performance of employees. It will help in analyzing the performance of employees continuously so that they are praised according to their performance. The employees will be able to focus on productive tasks so that they can accomplish their goals and targets (Santos, 1999).

Implementing a new system will have an impact on the costs and performance of the organization. The cost benefit analysis helps in determining that whether the costs are being used efficiently to gain advantage through it or not. A new payroll system will help organizations in achieving competitive advantage over its competitors. It will reduce the cost of using internal systems, which require both time and efforts. Outsourcing is often considered as a way of saving costs by hiring professionals. The companies can avoid penalties and legal complaints if they are using an efficient payroll system, which will protect the reputation and image of the business. Technology advancements help organizations in enhancing their processes and reducing their costs up to a significant extent.

Cost analysis matrix

Goals and objectives of the organization

Alternative plans of achieving the goals. There is need for data gathering.

Calculating benefits of each alternatives and choosing the best alternative

Making the diagram representing the matrix through an x and y axis.

Risks of Integrating a New Payroll SystemEvery business requires an effective and efficient payroll system, which can help in easily processing employee compensation. The payroll systems continuously evolve with the advancement of technology. These days, technology is updating technology tools and systems, which are helping organizations in performing various tasks. The systems help in the process of recording, reporting, and processing the working hours of employees, which helps in making the payroll process efficient. Businesses keep on integrating new and advanced payroll systems, which can help in making their compensation process easier and efficient (Santos, 1999).

There are certain risks involved in integrating a new payroll system, and it is necessary that the management analyze and evaluate these risks. The risks involve the lack of knowledge and awareness of the new system, which exerts pressure on the human resource management.. Implementing advanced technology requires the company to bear higher costs, which affects their budgets. Integrating new payroll systems requires proper training, which can help in effectively handling the payroll process and issues. If the training is not provided to employees and HR managers, they will not be able to manage the system efficiently (Anand, Gardner & Morris, 2007).

The risks in the payroll will be minimised through data integrity. Having data concerning the employees that is not compromised to reduce the possibility of having ghost workers in the the payroll. Data integrity also enables a manager to know the specific work which an employee is performing in the organization.

Outsourcing to payroll service bureaus is another method that ensures that the new payroll has the required dat. Through outsourcing there is need for a proper in-house preparation to ensure that all the required activities are put into consideration. The in-house preparation must be conducted in time to avoid messing with the payroll through rushing over issues. Proper outsourcing will reduce the problem of accountability of the payroll system. It will enable the payroll to be able to beat the strict deadlines that may result to improper payments.

Gantt ChartsGantt Charts are widely being used by organizations all over the world to manage their projects efficiently and effectively (Raz & Barnes, 2003). There are various advantages and disadvantages of Gantt Charts that help in understanding its use and implications.

The advantages of Gantt Charts are listed below in this paper:

It helps in making a clear picture of the plan of a project, which helps in understanding its complexity. The diagrams and charts help in understanding the process in a better way.

Gantt Charts help in planning the process in a timely manner by organizing the thoughts in the best possible manner.

It helps in demonstrating the tasks of the project and the required resources for each task. It helps in evaluating that whether the organization has all the required resources for accomplishing the goal of any project or not.

The Gantt Charts can easily be shared among the project management team and employees of the organization. It helps the employees in continuously keeping track of all the tasks involved in the project and how much time is required by each of the tasks.

There are some disadvantages of Gantt Charts, which should be known by the management of organizations. Some of these disadvantages are discussed below:

For larger projects, Gantt Charts can often become complex. There would be a large number of tasks involved and each task will require time and other resources. The project manager will be required to make employees understand the Gantt Charts so that they can understand their work.

Gantt Charts requires constant updates, and continuously updating the charts require both time and efforts. While working on a project, many things change continuously and making everything available on the Gantt Charts require continuous updates.

Example of a Gantt chart

NO. ACTIVITIES Task

1. Week 1 2. Week 2 3. Week 3 4. Week 4 5. Week 5 6. Week 6 Performance Evaluation and Reviewing Technique (PERT)PERT is a statistical tool, which helps in evaluating and reviewing all the tasks involved in completing a project. It is an effective project management tool, which helps the management in tracking each activity involved in the project. By comparing the PERT charts and Gantt Charts, it can be said that Gantt Charts are more useful for smaller projects as compared to the larger ones. Gantt Charts provide optimum opportunity to highlight each task of the project specifically. Gantt Charts also present an overview of all the resources that would be used in completing a project. PERT charts just provide an outline of all the tasks that are interconnected in a project (Raz & Barnes, 2003).

Critical Path Method (CPM)CPM is another important statistical tool, which is widely used for managing projects in different organizations. The CPM helps in calculating the time required for each and every activity or task involved in the project. It helps in aligning all the functions involved in the project management. By comparing CPM with Gantt Charts, it can be said that Gantt Charts are more helpful in proving a chart of all the activities along with all the resources and time required (Raz & Barnes, 2003).

Feedback

When a new system is being implemented in the organization, it is necessary to make sure that the users of the system do not face any problem. The system is designed to help its users in efficiently and effectively managing their role and responsibilities (Anand, Gardner & Morris, 2007). When a new payroll system is being implemented in an organization, it is necessary for the project managers to take continuous feedback from the HR managers. The new payroll system will be used by the HR managers to carry out the process of compensation and salaries. So, it is necessary that the project managers take feedback from the HR managers. The feedback will help in the following ways:

Suggestions, advices and ideas will help in bringing positive and relevant changes in the project.

Feedback will help the project managers and HR managers in designing an efficient and effective system that can make their project successful.

The feedback will also help in making sure that the HR managers and employees adapt the new system, which will help in making the integration process easier.

It is the responsibility of the project management team to take continuous feedback from the managers and employees. Once the feedback is taken, the project team has to filter out the irrelevant information so that they can use the relevant feedback to bring positive changes. Analysis and evaluation of the feedback will help in determining that what information is relevant and what is irrelevant. It will help in critically evaluating the useful information and making sure that an effective system is designed and implemented (Anand, Gardner & Morris, 2007).

A feedback loop is important in getting all the required data. The feedback loop is after the action. The action in this point is the payroll of the employees and the nature in which the payroll is administered to the employees.

Types of Behavioral Problems

Outsourcing the organization’s legacy payroll system is a major decision of the organization and will have a significant impact on the behavior of managers and employees. Many employees do not favor outsourcing the payroll system as it will share their personal information and data with the firms that are providing outsourcing services. Bringing change in any function or system of the organization requires acceptance from the managers and employees. A change has both positive and negative impact on employees, and it is necessary to evaluate the behavioral problems that might arise. The project team managers can evaluate the behavior problems to make sure that the outsourcing process is integrated successfully (Beer, 1997).

The behavior of employees and managers towards an outsourced payroll system won’t be favorable in all ways. They might not like the way they are being evaluated and judged by other firms. The HR managers might face problems in integrating the new payroll system into the organization because of the unfavorable response of employees. The project management team should continuously coordinate and communicate with the employees and HR managers so that they can get relevant feedback from them. The suggestions and feedback will help in focusing on the critical needs of employees and HR managers so that they can be catered successfully.

References

Anand, N., Gardner, K. and Morris, T. (2007). Knowledge based Innovation: Emergence and Embedding of new Practice areas in Management Consulting Firms. Academy of Management Review vol. 23, pp. 242-266. Retrieved from ( HYPERLINK “http://www.aom.pace.edu/amj/unassigned/anand.pdf” http://www.aom.pace.edu/amj/unassigned/anand.pdf).

Beer, M. (1997). The Transformation of the Human Resource Function: Resolving the Tension between a Traditional Administrative and a New Strategic Goal. Human Resource Management vol. 36 (1), pp. 49-53. Retrieved from ( HYPERLINK “http://www.e-campus.uvsq.fr/claroline/backends/download.php?url=L0JlZXJfdGFuc2Zvcm1hdGlvbl9SSC5wZGY%3D&cidReset=true&cidReq=ERH” http://www.e-campus.uvsq.fr/claroline/backends/download.php?url=L0JlZXJfdGFuc2Zvcm1hdGlvbl9SSC5wZGY%3D&cidReset=true&cidReq=ERH).

Raz, T. & Barnes, R. (2003). A Critical Look at Critical Chain Project Management. Project Management Journal, vol. 1 (1), 22-34. Retrieved from ( HYPERLINK “http://www.kupasazshomal.com/Editor/assets/magazine/Project%20Management%20Journal%20,December%202003.pdf#page=26” http://www.kupasazshomal.com/Editor/assets/magazine/Project%20Management%20Journal%20,December%202003.pdf#page=26).

Santos, B.D. (1999). Justifying investments in New Information Technologies. Journal of Management Information Systems, vol. 7 (4), pp. 71-90. Retrieved from ( HYPERLINK “http://www.mesharpe.com/MISVirtual/11Santos.pdf” http://www.mesharpe.com/MISVirtual/11Santos.pdf).

Posted in Uncategorized

Costs and Benefits of Hosting a Sports Event

Costs and Benefits of Hosting a Sports Event

Costs and Benefits of Hosting a Sports Event

Bringing a Major League Baseball A-League Team to an Area

Arranging for any event is usually a complex process for the planner with an intention of achieving a well balanced realization of the intended purposes. Any social event must be comprised of a number of targets in order for the planners to ensure that every aspect of the various areas involved is catered for in positive way. Gathering people for any form of social event is therefore an important social planning area that must comprehensively be considered. A good example can be captured in planning to host a Major League Baseball A-League team in a local setting to achieve certain social objectives. High profile athletes being involved in a sporting cum social event is an important gathering which involves certain considerations in terms of local government and the community at both the local and extended level. Defining the scope of the event to such a level must incorporate the specific costs and benefits which impact directly on the wellbeing of the society.

Social events need a clear analysis of the actual social consequences against the quickly anticipated social benefits after the gathering. Alternatively, economic deliberations must also be factored in an event to ensure that it is not only sustainable to host such gatherings but leave positive economic impacts for similar future engagements as well. Such considerations are performed during the overall impact assessment for a social event which involves an expansive aspect of a particular society as the main research question of this discourse illustrates (Lyck, 2006). According to the author, mega events for sports or any other gathering that the society becomes involved in have economic and social impacts which must be assessed in advance for the appropriate determination of viability in the respective perspective intended. In a similar manner, by hosting a superstars-filled team from the Major League Baseball A-League, the local community as well as the extended communities will be involved in a massive way due to the high profile guests. It follows that the authorities at the local setting must be involved at various levels to ensure that it is within the expected regulations to avoid a social problem.

Literature touching ion the effectiveness of planning of events and the social detail involved therein is currently available in a wide spectrum of perspectives. Sport is a common channel through which the community can be involved positively for both individual and community development (TSE Consulting, 2007). The local authorities will be involved in the arranging of the sports event since it affects the sport and sport policy at both the local and national level. According to Gratton and Henry (2001), sports are an important policy tools that the local and central governments can employ to formulate useful changes in the society such as positive behavior campaigns among the youths. Such policy tools are well considered by the authorities to ensure that positive impacts are experienced on the economy as well as on the social front. The UN (2005) has recognized the impact of sport for the wellbeing of the societies due to promotion of peace and coexistence among the participants. It therefore implies that the success of the event at a local event hosting high profile athletes will involve several people thereby achieving great socialization success. Both the local and the extended communities will partake in the event in some form of engagement due to the services needed in the venue. Gratton and Henry (2001) reckon that the integration aspect is an important element of sport for people near and far that passionately following the event. However, the consequences of such events such as unrests during such gathering must be avoided in order to ensure that other benefits such as economic gains do not override safety in unruly gatherings.

Perhaps some of the missing aspects of such events are on how to quantify risks in order to eliminate negative impacts of social events in case they turn out to be tarnished. Literature is available on how to quantify positive aspects of social events such as sports at various contexts but specific attention on how risk can be assessed is conspicuously missing (TSE Consulting, 2007, p18). Apparently, research would be most welcome particularly in terms of risk quantification with regard to various stakeholders to such events such as the government and the local and extended communities.

Social planning and management of events would well be served with information detailing the magnitude of positive and negative impacts of events and gatherings at various community levels. It is particularly an important social policy and strategy input to have the appropriate assessment of the costs and benefits of hosting any event involving the masses. Avoiding social crises would not necessarily be the main purpose of carrying out an assessment of the consequences but assist in making future events more successful and influential. The modern sociologist would take a keen following on the development of such topics since the social process takes different shapes under different circumstances. Finding out how social processes become beneficial and less harmful to the society would be the most important aspect of the planning involved in arranging such events.

References

Gratton, C. & Henry, I. P. (2001) Sport in the City: the role of sport in economic and social regeneration. London, UK; Routledge

Lyck, L. (2006) “Mega Sports Events” Retrieved from: HYPERLINK “http://openarchive.cbs.dk/bitstream/handle/10398/6631/working%20paper%205%20-%20megasports%20event.pdf?sequence=1” http://openarchive.cbs.dk/bitstream/handle/10398/6631/working%20paper%205%20-%20megasports%20event.pdf?sequence=1

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Costs Associated with Chinas Three Gorges dam

Costs Associated with Chinas Three Gorges dam

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Costs Associated with Chinas Three Gorges dam

The Three Gorges Dam (TGD) in China is the largest integrated water project in the world. During its implementation and use, TGD created many environmental, social and economic impacts to the citizens of China. The commencement of the project was approved in 1992 with a cost estimate of 8.3 billion dollars. In general, the total cost for construction of TGD was enormous and financial experts have not yet produced the exact figures. First, the construction costs made on major parts of the project were estimated at a range of 25-60 billion dollars. The Chinese government faced many cost related issues associated with construction of the Dam. The government had to resettle people from the dam construction site, build for them new houses, and compensate them for their land. Second, a lot of country’s natural resources were depleted that could be used as sources of income for the citizens (Gleick 141-145).

On the other hand, the construction of Three Gorges Dam improved the financial status of the country. First, the thermal power generated could run many industries manufacturing various goods for export. In addition, dams and reservoirs constructed provided suitable fishing grounds that created job opportunities for locals. Moreover, the calm, deep waters provided wider shipping lanes and encouraged both local and international tourists. Second, Three Gorgers Dam the projected would be able to raise water levels at Yangtze River whereby, adjustments could be made depending on flood-control needs (Gleick 142). This would save the country the emergency costs associated with floods and loss of property by citizens. Finally, TGD would save the country the cost of importing coal that was initially used to run engines for power generation. Developing a hydro thermal power plant would limit the amount of carbon dioxide produced by coal plants that causes global warming (Hays 2011).

Work cited

Gleick, H. P. Three Gorges Dam Project, Yangtze River, China. Water Brief 3. 2009. Retrieved

from:

http://www.worldwater.org/data20082009/WB03.pdf

Hays, J. Three Gorges Dam: Benefits, Problems and Costs. 2011. Retrieved from:

http://factsanddetails.com/china.php?itemid=1046

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