TIM-500_Project_6

TIM-500_Project_6 - I have neither received nor given...

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“I have neither received nor given unsanctioned help in the completion of this assignment. I have not copied the ideas or work of others nor have I misrepresented myself or my work”, Joseph Murphy, Brian Wolosky, Joshua Fundis. Cost analysis is breaking down the costs of the Neurology department and each factor associated with it separately. It is done to review and evaluate each element of cost to determine reasonableness. It illustrates the feasibility of the project. The cost analysis for this department starts with the personnel wages, staff equipment costs, the necessary equipment costs, and the building costs whether by moving inside the current building or building new. The national median salary for a Neurologist in the United States is $203,884. In the lower 25 th percentile it the average is $172,974, but in the 75 th percentile the average is $242,348 (Average Neurologist, 2009). To retain a senior neurologist a yearly salary of $240,000 would be needed. It is slightly more than the national average but, this is because it requires more effort to open a Neurology department and the added incentive would help retain personnel. The three junior neurologists would be paid $170,000 per year, since they are not senior neurologist and still have to do training. The national median salary for a receptionist in the United States is $28,599. In the lower 25 th percentile it the average is $25,510, but in the 75 th percentile the average is $32,105 (Average Receptionist, 2009). The yearly salary for each of the three receptionists would be $30,000, again slightly higher than the national average because of the extra effort when opening a new department. The yearly wages for the seven member staff is $840,000.
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There are 5 weeks allocated to the staffing requirements section of the project plan. This is ample time to find the required personnel. This will not cause the project to be over the schedule. This will not be subcontracted and will be taken care of by the project team. Staff equipment is seven personnel computers and workstations for these computers.
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This note was uploaded on 04/11/2010 for the course TIM 500 taught by Professor Mccabe during the Spring '10 term at SUNY IT.

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TIM-500_Project_6 - I have neither received nor given...

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