Project Management Performance Project management is the function of knowledge, skills, and techniques to implement projects effectively and proficiently. Project management is a strategic proficiency for organizations. This allows them to relate project results to business goals. This permits organizations to compete better in related markets (Project management institute, Inc., 2013). Part of an operation managers job is to find reduce costs while ensuring productivity levels throughout the organization remains efficient. Trinity General Hospital Trinity General Hospital is in need of a maintainable labor management solution. The foodservice operation contains six cashiers, three cooks, four prep technicians, and two supervisors. The …show more content…
Management can reduce inputs and increasing outputs. Operational managers must ensure that operations are growing more cost-effective and competent over time (Langabeer, 2008). Analyzing the employee hours and product costs over time can determine the best productive scenarios. Using methods to calculate if the number of hours employees work is in efficient for the best work quality without spending too much on staff will lead to the best results. In addition, the information of product costs can help determine if more cost-efficient products will work. A number of different scenarios may help reduce costs and give good service. Perhaps more part-time help may help, or cross-training may benefit productivity levels. The amount of staff and the cost of products combined with the amount of profit is important for operation managers to study to give the best service with the most profit. By measuring productivity operation managers can decide on a number of possibilities to help the hospital …show more content…
The formula is FC/(P -VC) 150,000/4-1=50,000. The fixed costs for the food is $150,000. The variable cost for each meal is $1 and the price for each meal is $4. As a result, 150,000 divided by four minus one equals 50,000. Trinity General Hospital’s foodservice department must serve 50,000 meals to breakeven. Any meals served after this point is profit (Accounting for managers, 2012). Information Influence on Operation Managers Operation managers can figure out how much staff is in need to give the best quality work and make a profit from the information given by Trinity General Hospitals foodservice department. The information can demonstrate how much staff is in need to turn out the best results. The information shows if product costs are efficient or if changes are necessary. Operations managers must have the tools, resources, and knowledge to analyze the productivity levels to make decision to enhance productivity.