In today’s health care environment, the focus on major purchases, as part of the capital budget, has emphasized the need for newer and better technology. Although the need to invest in capital equipment and technology has been ongoing, the nursing workforce must also have a safe and pleasant work environment.
Negotiating budgets and communicating financial needs to stakeholders are vital skills for nurse leaders. Given today’s numerous constraints on funding and a highly competitive environment, the ability to win support for your budget proposals hinges on being able to present a compelling argument based on well-documented needs, accurate financial information, and a justifiable business case.
Sound financial management is essential to the fiscal well-being of all health care organizations, and the nurse leader plays an important part. Consequently, the preparation and effective management of operating budgets is a critical skill for nurse leaders. The budget guides leaders in optimizing the use of resources, and because nurses are closest to … Read more
The budget process for a nonprofit organization is different than the governmental process. Discuss 2–3 obstacles that a nonprofit organization might encounter when developing a budget.
Your project sponsor pulls you aside and admits that she has no idea what earned value management (EVM) concepts, such as AC, BCWP, and EV, mean; she is only concerned that you deliver the project ahead of schedule and under budget. Using the information from your readings and other activities, develop a project to educate … Read more
Assume you are in charge of marketing a senior women’s professional golf tournament in your town. The organization’s goal is to maximize ticket sales to ensure the event is a financial success. Describe your target market. Hint: Identify one or more target markets likely to be interested in the event, likely to buy, large enough … Read more
Scenario One year ago, Metropolitan Memorial expanded its operations into a rural community located approximated a hundred miles from its main facility. The clinic offers a wide array of outpatient services. As the Senior Accountant, you are reviewing the clinic’s operating budget from the previous year. You have been asked by the hospital’s chief administrator to … Read more
Through your work in the assignments, you have now delivered the project to your customer ahead of schedule but slightly over budget. Now it is time to reflect on what went well and what didn’t go so well. What would you have done differently in terms of scope, resources, and schedule, and why?
his week’s assignment is to develop a budget for the project selected in Unit 2. Instructions: Prepare the budget in Excel using your project WBS. There are many free budget templates and resources; two have been attached to the assignment in the course. Use one of these resources rather than creating something new. Include two … Read more
Using the GCU Library, locate a journal article about budgeting. In the subject line of your post, include the name of the article that you read. Then, in your initial post, provide a link to the article and a summary followed by your reaction to the article. The summary should be approximately 250 words and … Read more