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).
Read “The Capital Budgeting Process of Healthcare Organizations: A Review of Surveys,” by Mukherjee, Lane, and Dunn, from Journal of Healthcare Management (2016).
Answer preview
The presentation explains a capital budget and operational budget.
The nurse unit is a profit center, and hence there is a need to enhance productivity and efficiency.
The operational budget cost is $1024000, and the highest cost is staffing.
The capital investment is a medical bed at $1000000, and the return on investment (ROI) is high.
[Slide 13 of 13]
Operational budget
