Project Management Assignment Example | Topics and Well Written Essays - 3750 words

Project Management - Assignment Example The application allows the employees to register for the company-Sponsored recreational programs, which includes bowling, walking, jogging among others. In addition, this application allows the employees to register for company-sponsored classes and programs for management of weight stress and other health related complications. The service cost benefit of this application is the ability to track employees on the level of involvement in these activities. To ensure effective implementation of this application the company’s top management is advised to offer incentives for the employees to join these programs (Patel, 2008). The financial cost benefit of this application to the company can be calculated as follows Assume that the present cost of the industry average health care premium is X, this means that MYH, Inc pays 20% more of X , which is equivalent to 1.2X. However, upon implementation of the application the company is able to save AED 120/employee/ year for full time employees for four years. This follows that the total amount saved on the 20,000 full time employees is as the following calculation The ability of this application to track employee health care expenses and company health care costs and facilitating the data importation from the current systems that track employee expenses submitted by the insurance providers if fundamental as it facilitates clarity in the employees expenditure relative to the company ‘s care cost on the employees. This helps in establishing the exact loss or profit incurred at the end of the fiscal year. This is relative to the health care expenditure. The calculations is as illustrated below The concept of cross-selling is based on the premise that when the organizations offers additional goods and services to the organization’s customers get more value to suppliers and other organizational