Among the most important financial factors to consider are the capital costs of implementing the project. The costs included, in this case, will be acquisition of materials and equipment and the compensation for the workforce involved in the implementation. Working capital is another factor, indicating the costs involved in maintaining a system or any other outcome of the project. Operating costs, which are the daily expenses, will also be considered. The source of financing will have to be analyzed as well as the sufficiency of the available finances. Lastly, the expected returns against the cost are other critical factors of concern in project implementation.
Change Management and Employee Engagement
One of the most precarious obstacles in change management is resistance to change, which highlights the critical role of employee engagement. Given the fact that the employees are directly affected by the change, it is imperative that they are engaged from the very beginning. For example, to implement a records management system within the health care facility where I worked, the management involved the employees from the acquisition of the system to the final installation. At no time did the employees object the change since they had the chance to ask questions and understand the entire process.
Assisted Living Versus Nursing Facility Care
Assisted living refers to the facilities that are designed to take care of the elderly who can no longer live on their own and enjoy their safety. Within the assisted living arrangements, the elderly require little or no assistance at all to continue with their daily lives. On the contrary, nursing homes are facilities where the elderly are given support to continue living based on their age or disease condition. In nursing homes, there are services offered by trained nursing who deliver the services to the residents.