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LDR 615 Operational Budget Presentation

LDR 615 Operational Budget Presentation

Operational Budget Presentation

Assessment Description

The goal of this assignment is to create an operational budget presentation that identifies key budget components as well as potential capital purchases.

Scenario: You’ve been tasked with developing an operational budget for a 20-bed nursing unit and presenting it to your organization’s senior leaders.

Make a 10- to 12-slide presentation with detailed speaker notes on the budget.

1. Provide the key budget components, such as the costs of staff, activities, services, and supplies.

2. Identify and describe a relevant capital purchase that this unit may require, including the need, the return on investment, benefits, and so on.

Include at least three references, 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 APA Style Guide, which is located in the Student Success Center.

A rubric is used for this assignment. Please review the rubric before beginning the assignment to become acquainted with the expectations for successful completion.

This assignment must be submitted to LopesWrite. If you require assistance, there is a link to the LopesWrite technical support articles in Class Resources.

Topic 1 Operational Budget Presentation

Assignment 1 Suggestions

For the first assignment, please follow this guideline:

Chapters 4, 6 and 7 of the text (Economics and Financial Management for Nurses and Nurse Leaders) are good guides for this project.

 

1.Your first slide should outline what the other slides will cover.

2.Identify the type of unit (medical, surgical, neuro, telemetry). Then determine your average

daily census (ADC). For a 20-bed unit, it may be 16, 18, etc. Very few units are full all the time.

3.Next, determine your staffing ratios (1:3, 1:4, 1:5, etc.)

4.To determine a budget, you need to anticipate the number of FTEs you will need and then

multiply that by the average hourly wage.

5.To calculate how many nurses will be needed use the following formula:

If the nurses work 12 hours and you have an ADC of 16 and ratio of 1:4, you need 4 nurses for

day shift and 4 for nights=8 per day.

4X24 hours=96 hours of nursing needed per day x 365 days per year=35040/2080 (average

hours worked in a year-static number). This equals 16.8 FTEs of nurses you will need to staff the

unit. If the average salary is $55,000-you need $926,538 in productive staffing costs. These

associates with need vacation pay and other non-productive time, so you can round to about

$930,000. You can use rough numbers. A real budget will be more exact with spreadsheets, but

this is just an intro. to basic budgeting. If you want to be more advanced

6.You need to roughly estimate how much supplies such as IVs, tubing, linen, toiletries, and

dressings will cost based on the type of unit and number of patients served in a year. Again,

made and educated estimate.

7.Using the same formula, figure out CNAs, secretaries, and include 1 FTE for the manager.

8.Now you have your unit’s basic operational budget. You can add the cost of other services such

as wound care or EEG monitoring as a special service. Activities may include certification for 5

staff members or allowing 3 associates to attend a conference.

9.DO NOT forget to add a capital item (over $10,000) for the unit and describe why it is worth the expense.

10.Summarize everything in your last slide

Be succinct. You do not need to show all of the math, just overview the basic numbers in the notes and put final values in the slides.

LDR 615 Operational Budget Presentation

Topic 1 Operational Budget Presentation
Assignment 1 Suggestions
For the first assignment, please follow this guideline:
Chapters 4, 6 and 7 of the text are good guides for this project.

1.Your first slide should outline what the other slides will cover.
2.Identify the type of unit (medical, surgical, neuro, telemetry). Then determine your average
daily census (ADC). For a 20-bed unit, it may be 16, 18, etc. Very few units are full all the time.
3.Next, determine your staffing ratios (1:3, 1:4, 1:5, etc.)
4.To determine a budget, you need to anticipate the number of FTEs you will need and then
multiply that by the average hourly wage.
5.To calculate how many nurses will be needed use the following formula:
If the nurses work 12 hours and you have an ADC of 16 and ratio of 1:4, you need 4 nurses for
day shift and 4 for nights=8 per day.
4X24 hours=96 hours of nursing needed per day x 365 days per year=35040/2080 (average
hours worked in a year-static number). This equals 16.8 FTEs of nurses you will need to staff the
unit. If the average salary is $55,000-you need $926,538 in productive staffing costs. These
associates with need vacation pay and other non-productive time, so you can round to about
$930,000. You can use rough numbers. A real budget will be more exact with spreadsheets, but
this is just an intro. to basic budgeting. If you want to be more advanced
6.You need to roughly estimate how much supplies such as IVs, tubing, linen, toiletries, and
dressings will cost based on the type of unit and number of patients served in a year. Again,
made and educated estimate.

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7.Using the same formula, figure out CNAs, secretaries, and include 1 FTE for the manager.
8.Now you have your unit’s basic operational budget. You can add the cost of other services such
as wound care or EEG monitoring as a special service. Activities may include certification for 5
staff members or allowing 3 associates to attend a conference.
9.DO NOT forget to add a capital item (over $10,000) for the unit and describe why it is worth the
expense.
10.Summarize everything in your last slide
Be succinct. You do not need to show all of the math, just overview the basic numbers in the notes and put final values in the slides.

Also Check Out: After your monthly review of your unit\’s operational budget you find you are over your budget for medical supplies.

Rubric Operational Budget Presentation
Collapse All
Key Components of Budget Costs
24 points
Criteria Description
Key Components of Budget Costs
5. Excellent
24 points
The presentation includes a thorough description of the cost of staff, activities, services, and supplies.
4. Good
22.08 points
The presentation includes a comprehensive and thorough description of the cost of staff, activities, services, and supplies.
3. Satisfactory
21.12 points
The presentation includes a clear description of the cost of staff, activities, services, and supplies.
2. Less Than Satisfactory
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. Excellent
24 points
The presentation clearly and accurately identifies a well-researched, relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
4. Good
22.08 points
The presentation skillfully identifies a well-researched, relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
3. Satisfactory
21.12 points
The presentation identifies a relevant capital purchase that the unit may require, including the need, the return on investment, and benefits.
2. Less Than Satisfactory
19.2 points
The presentation does not clearly identify 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 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. Excellent
8 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.
4. Good
7.36 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.
3. Satisfactory
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. Less Than Satisfactory
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. Excellent
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. Good
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. Satisfactory
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. Less Than Satisfactory
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 (includes sentence construction, word choice, etc.)
8 points
Criteria Description
Language Use and Audience Awareness (includes sentence construction, word choice, etc.)
5. Excellent
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. Good
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. Satisfactory
7.04 points
Language is appropriate to the targeted audience for the most part.
2. Less Than Satisfactory
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 (includes spelling, punctuation, grammar, language use)
4 points
Criteria Description
Mechanics of Writing (includes spelling, punctuation, grammar, language use)
5. Excellent
4 points
Writer is clearly in control of standard, written, academic English.
4. Good
3.68 points
Slides are largely free of mechanical errors, although a few may be present.
3. Satisfactory
3.52 points
Frequent and repetitive mechanical errors distract the reader.
2. Less Than Satisfactory
3.2 points
Some mechanical errors or typos are present, but they are not overly distracting to 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. Excellent
4 points
Sources are completely and correctly documented, as appropriate to assignment and style, and format is free of error.
4. Good
3.68 points
Sources are documented, as appropriate to assignment and style, and format is mostly correct.
3. Satisfactory
3.52 points
Sources are documented, as appropriate to assignment and style, although some formatting errors may be present.
2. Less Than Satisfactory
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

 

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