To prepare:
- Review the information in this week’s Resources dealing with variance analysis, how it is calculated, and how it can be used in decision making, including the video Variance Analysis.
- Use the Variance Discussion Case document, provided in the Resources, to calculate budget variances for the case presented. (document attached below)
The assingment: Post a description of your insight into the budget variances in the scenario. In your opinion, what can be done, in general, to manage budget variances? Propose some best practices and/or strategies for budget control, both in general and as to how it relates to your proposed healthcare product or service solution. please include at least THREE references
