NUR 621 Operational Budget Presentation
Grand Canyon University NUR 621 Operational Budget Presentation-Step-By-Step Guide
This guide will demonstrate how to complete the Grand Canyon University NUR 621 Operational Budget Presentation assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for NUR 621 Operational Budget Presentation
Whether one passes or fails an academic assignment such as the Grand Canyon University NUR 621 Operational Budget Presentation depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for NUR 621 Operational Budget Presentation
The introduction for the Grand Canyon University NUR 621 Operational Budget Presentation is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for NUR 621 Operational Budget Presentation
After the introduction, move into the main part of the NUR 621 Operational Budget Presentation assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for NUR 621 Operational Budget Presentation
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for NUR 621 Operational Budget Presentation
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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NUR 621 Operational Budget Presentation
assignment to become acquainted with the requirements for successful completion.
assignment to become acquainted with the requirements for successful completion.
The goal of this assignment is to create an operational budget presentation that identifies key budget components and potential capital purchases.
Scenario: You have been tasked with developing an operational budget for a 20-bed nursing unit and presenting it to your organization’s senior leaders.
Make a presentation of 10-12 slides, including detailed speaker notes on the budget.
Provide the key budgeting components, such as the costs of staff, activities, services, and supplies.
Identify and describe a necessary capital purchase for this unit, including the need, the return on investment, the benefits, and so on. NUR 621 Operational Budget Presentation
Include at least three sources, including your textbook.
While APA style is not required for the body of this assignment, solid academic writing is expected, and source documentation should be presented using APA formatting guidelines, which can be found in the Student Success Center’s APA Style Guide.
A rubric is used for this assignment. Please review the rubric before beginning the assignment to become acquainted with the requirements for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
Operational Budget Presentation – Rubric
Collapse All Operational Budget Presentation – RubricCollapse All
Key Components of Budget Costs
24 points
Criteria Description
Key Components of Budget Costs
5. Target
24 points
The presentation includes a comprehensive and thorough description of the cost of staff, activities, services, and supplies.
4. Acceptable
22.08 points
The presentation includes a thorough description of the cost of staff, activities, services, and supplies.
3. Approaching
21.12 points
The presentation includes a clear description of the cost of staff, activities, services, and supplies.
2. Insufficient
19.2 points
The presentation does not include a complete description of the cost of staff, activities, services, and supplies.
1. Unsatisfactory
0 points
The presentation does not sufficiently describe the cost of staff, activities, services, and supplies.
Relevant Capital Purchase
24 points
Criteria Description
Relevant Capital Purchase
5. Target
24 points
The presentation skillfully identifies and describes a well-researched, relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
4. Acceptable
22.08 points
The presentation clearly and accurately identifies and describes a well-researched, relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
NUR 621 Operational Budget Presentation
3. Approaching
21.12 points
The presentation identifies and describes a relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
2. Insufficient
19.2 points
The presentation does not clearly identify and describe a relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
1. Unsatisfactory
0 points
The presentation does not sufficiently identify and describe a relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
Presentation of Content
8 points
Criteria Description
Presentation of Content
5. Target
8 points
The content is written clearly and concisely. Ideas universally progress and relate to each other. The project includes motivating questions and advanced organizers. The project gives the audience a clear sense of the main idea.
4. Acceptable
7.36 points
The content is written with a logical progression of ideas and supporting information exhibiting a unity, coherence, and cohesiveness. Includes persuasive information from reliable sources.
3. Approaching
7.04 points
The presentation slides are generally competent, but ideas may show some inconsistency in organization or in their relationships to each other.
2. Insufficient
6.4 points
The content is vague in conveying a point of view and does not create a strong sense of purpose. Includes some persuasive information.
1. Unsatisfactory
0 points
The content lacks a clear point of view and logical sequence of information. Includes little persuasive information. Sequencing of ideas is unclear.
Layout
8 points
Criteria Description
Layout
5. Target
8 points
The layout is visually pleasing and contributes to the overall message with appropriate use of headings, subheadings, and white space. Text is appropriate in length for the target audience and to the point. The background and colors enhance the readability of the text.
4. Acceptable
7.36 points
The layout background and text complement each other and enable the content to be easily read. The fonts are easy to read and point size varies appropriately for headings and text.
3. Approaching
7.04 points
The layout uses horizontal and vertical white space appropriately. Sometimes the fonts are easy to read, but in a few places the use of fonts, italics, bold, long paragraphs, color, or busy background detracts and does not enhance readability.
2. Insufficient
6.4 points
The layout shows some structure, but appears cluttered and busy or distracting with large gaps of white space or a distracting background. Overall readability is difficult due to lengthy paragraphs, too many different fonts, dark or busy background, overuse of bold, or lack of appropriate indentations of text.
1. Unsatisfactory
0 points
The layout is cluttered, confusing, and does not use spacing, headings, and subheadings to enhance the readability. The text is extremely difficult to read with long blocks of text, small point size for fonts, and inappropriate contrasting colors. Poor use of headings, subheadings, indentations, or bold formatting is evident.
Language Use and Audience Awareness
8 points
Criteria Description
Language Use and Audience Awareness (includes sentence construction, word choice, etc.)
5. Target
8 points
The writer uses a variety of sentence constructions, figures of speech, and word choice in distinctive and creative ways that are appropriate to purpose, discipline, and scope.
4. Acceptable
7.36 points
The writer is clearly aware of audience, uses a variety of appropriate vocabulary for the targeted audience, and uses figures of speech to communicate clearly.
3. Approaching
7.04 points
Language is appropriate to the targeted audience for the most part.
2. Insufficient
6.4 points
Some distracting inconsistencies in language choice (register) or word choice are present. The writer exhibits some lack of control in using figures of speech appropriately.
1. Unsatisfactory
0 points
Inappropriate word choice and lack of variety in language use are evident. Writer appears to be unaware of audience. Use of primer prose indicates writer either does not apply figures of speech or uses them inappropriately.
Mechanics of Writing
4 points
Criteria Description
Mechanics of Writing (includes spelling, punctuation, grammar, language use)
5. Target
4 points
Writer is clearly in control of standard, written, academic English.
4. Acceptable
3.68 points
Slides are largely free of mechanical errors, although a few may be present.
3. Approaching
3.52 points
Some mechanical errors or typos are present, but they are not overly distracting to the reader.
2. Insufficient
3.2 points
Frequent and repetitive mechanical errors distract the reader.
1. Unsatisfactory
0 points
Slide errors are pervasive enough that they impede communication of meaning.
Documentation of Sources
4 points
Criteria Description
Documentation of Sources (citations, footnotes, references, bibliography, etc., as appropriate to assignment and style)
5. Target
4 points
Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
4. Acceptable
3.68 points
Sources are documented, as appropriate to assignment and style, and format is mostly correct.
3. Approaching
3.52 points
Sources are documented, as appropriate to assignment and style, although some formatting errors may be present.
2. Insufficient
3.2 points
Documentation of sources is inconsistent or incorrect, as appropriate to assignment and style, with numerous formatting errors.
1. Unsatisfactory
0 points
Sources are not documented.
Total 80 points
NUR-621- Principal and Healthcare: Operational Budget Presentation
Introduction
A budget is a written formal financial statement of a hospital’s future operations plan; it is an annual management control tool.
Developing a budget is a collaborative effort including all departments, including nursing units – produce an effective plan for a certain facility (Contino, 2001).
There are various forms of financial budgets; in a hospital context, the most significant are —
Cash budget – reflect financial flow parameters in a hospital – permits administration to anticipate cash constraints in order to seek alternative sources. (Mukherjee, Al Rahahleh & Lane, 2016) , capital budget – a summary of future plans for acquiring plant facilities and equipment, and operating budget – a list of financial operations in a given year that includes income sources and planned expenditures.
The below slides detail the operational budget for a 20-bed nursing facility.
NUR 621 Operational Budget Presentation
Key Elements of Budget Expenses: Supplies
Can be categorized as;
Office supplies, training materials, and education supplies are examples of fixed supplies (Mukherjee, Al Rahahleh & Lane, 2016)
Flexible supplies – medical supplies
Expenditures on supplies are vary, however a budgeted approximation is supplied –
Expendables – 40,500 yearly
Flexible Supplies – 25,800 per year
Relevant Capital Investment: Advantages
Return on investment for relevant equipment is expressly indicated – increases the facility’s anticipated revenue (Rojas-Cordova et al., 2016)
The anticipated benefits of the equipment purchases will be tracked for three years, confirming its efficacy in the facility.
A month with a higher volume of patients can assist a hospital generate additional income from the usage of this equipment; around 4% of annual revenue is estimated to be gained from the use of this technology (Mukherjee, Al Rahahleh & Lane, 2016).
Purchasing refurbished equipment will save the facility up to 52 percent of the list price, if the equipment fulfills the institution’s specifications and is in good condition.
Conclusion
The formulation of a realistic budget for a facility is the cornerstone of efficiency – it encourages the efficient operation of activities.
Departments must be recognized so that they can guide the preparation of a realistic budget – a team approach to budget formation is essential for the running of a facility.
Planning and proper budget preparation are essential for a facility’s continued operation.
References
Contino, D. S. (2001). Budget education is long overdue. Nursing management, 32(8), 16-17.
Mukherjee, T., Al Rahahleh, N., & Lane, W. (2016). A survey of the capital budgeting processes of healthcare organizations. Healthcare Management Journal, 61(1), 58-76.
Caroline, A., A. Rojas-Cordova, A. Baghaei-Lakeh, H. Zhang, C. Wernz, H. Rahmandad, A. D. Slonim, & A. Rojas-Cordova (2016, January). Utilizing System Dynamics and Decision Analysis to Improve Hospitals’ Technology Investment Decisions The 49th Hawaii International Conference on System Sciences (HICSS) took place in 2016. (pp. 1517-1526). IEEE.