Budget Presentation
The purpose of this assignment is to create an operational budget presentation identifying key components of budgeting and possible capital purchases that may be required.
Scenario: You have been asked to create an operational budget for a 20-bed nursing unit and present it to the senior leaders of your organization.
Create a presentation of 12 slides, including comprehensive speaker notes that detail the budget.
- Provide the key components of budgeting, including the cost of staff, activities, services, and supplies.
- Identify and describe a relevant capital purchase this unit may require, including the need, the return on investment, benefits, etc.
Use at least three APA references within 5 years with nursing content, including your textbook
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
Read “Budget Training: It’s Overdue,” by Contino, from Nursing Management (2001).
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Read “The Capital Budgeting Process of Healthcare Organizations: A Review of Surveys,” by Mukherjee, Lane, and Dunn, from Journal of Healthcare Management (2016).
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Answer preview
This presentation highlights the financial management effort for the nursing unit for a one year period. Components of the operational budget are explained to determine how the operations will affect the nursing unit’s profitability(Pritchard, n.d.). The budget highlights the day to day expenses for years to be monitored and balanced by managers to enhance profitability in the unit and organization. The budget components also include the capital expenses and the associated financial metrics required for the unit’s success…
(10 slides)