The Use of Forecasting Term Paper Example | Topics and Well Written Essays - 500 words

The Use of Forecasting - marches Paper ExampleThere are a number of options that fag be utilise to suffice to this situation. Since it is clear the organization give overspend when buying the new computers, then actions plans ought to be implemented to cope d take in on other costs.One of the options that can be used in this situation relates to round forecasting (Baker and Baker, 2014). The organization can cut down on the number of staff in rescript to cut down on costs that would otherwise be spent in purchasing the computers. Since prep for the computers is ongoing, them planning should also be going on to cut down on the staff. This option has its own ramifications. Reduced number of staff will definitely elevate stress levels and burn out and this translates to scummy services. Poor services means that patients will also be dissatisfied. Dissatisfied patients in many cases will opt to seek care in other facilities hence leading to decreased revenue for the facility. spending forecasting as cited by the media can be used to identify the availability of resources (Laureate Education Inc, 2012).Identifying functional resources within the organization can help spot resource that can be take outed and be used for other purposes. The second option that can be used in this case scenario therefore is to pull resources meant for other purposes within the institution to cover for deficit outlined in the new expense report. This can also have negative effects on the quality of services and patient satisfaction. The pulled funds whitethorn have been think for quality improvement and hence pulling them will mean that they initially intended purpose will not be achieved. The third option would be to push the extra expenses to the adjoining budget such that the department operates on a deficit the coming year. This might also happen upon the delivery of services due to insufficient funds but the effects can be