Explain the cost savings and benefits over time

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Reference no: EM133522337

Homework: Matrix Analysis of Sustainability Initiative Environmental & Financial Contexts

Best practices for health care sustainability must be examined from both environmental and financial contexts. A matrix is a sound method for such an examination.

The top management of your organization has requested that you prepare a matrix analysis of both environmental and financial contexts for your proposed sustainability initiative.

Part 1: Matrix analysis

Organize and include the following in your matrix:

A. Estimated current costs involved in your sustainability initiative's processes (e.g., staffing, facility, operating, products, services)

B. Estimated cost to implement initiatives (e.g., new equipment, new contracts, or staff)

C. Cost projections after implementation

D. Social and environmental costs

E. Benefits

F. Cost savings, immediate or over time

G. Benefits over time (1 year, 5 years, 10 years, etc.)

H. Local, state, or national revenue sources for your initiative

Part 2: Matrix summary analysis

Prepare a 700 words summary of your matrix analysis. Include the following in your summary:

A. Restate your individual sustainability initiative.

B. Relate how your initiative might impact other sustainability initiatives within your organization.

C. Describe various environmental contexts that could impact your sustainability initiative.

D. Analyze and summarize the financial contexts and implications your sustainability initiative will have on your selected organization.

E. Explain the cost savings and benefits over time.

F. Recommend a local, state, or national revenue sources for your initiative and why you believe the source is appropriate.

Reference no: EM133522337

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