Assessment Description
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 10-12 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 references, including your textbook.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines.
Slide 1: Introduction
Introduce the topic of the operational budget for a 20-bed nursing unit and the purpose of the presentation
Provide an overview of the key components of budgeting that will be covered in the presentation
Slide 2: Staff Costs
Detail the cost of staff, including salary, benefits, and training
Explain how staff costs are calculated and how they are budgeted for
Provide examples of staff costs, such as nursing salaries, benefits, and training expenses
Slide 3: Activities and Services
Detail the cost of activities and services provided by the nursing unit, such as patient care, therapy services, and diagnostic testing
Explain how these costs are calculated and how they are budgeted for
Provide examples of activities and services costs, such as patient care costs, therapy services, and diagnostic testing expenses
Slide 4: Supplies
Detail the cost of supplies, including medical and non-medical supplies
Explain how these costs are calculated and how they are budgeted for
Provide examples of supply costs, such as medical and non-medical supply expenses
Slide 5: Capital Purchases
Identify and describe a relevant capital purchase this unit may require, such as new medical equipment or technology
Explain the need for the capital purchase, including the benefits it will provide
Provide the estimated cost of the purchase and explain the return on investment
Slide 6: Budgeting Process
Explain the budgeting process, including the steps involved and the timeline
Provide an overview of the budgeting process, including budget preparation, review, and approval
Slide 7: Budget Variance
Explain the concept of budget variance and how it is calculated
Provide examples of budget variance and its impact on the budget
Slide 8: Budget Monitoring
Explain the importance of budget monitoring and the role it plays in budgeting
Provide an overview of budget monitoring, including the process of monitoring and the tools used
Slide 9: Conclusion
Summarize the key components of budgeting covered in the presentation
Emphasize the importance of budgeting in the nursing unit and its role in ensuring the unit’s financial stability
Slide 10: References
List at least three references used in the presentation, including your textbook.
Speaker notes:
Speaker notes should provide additional information and context for each slide, including relevant statistics, data, and explanations.
Speaker notes should also include any important details that are not included in the slides.
The references should be formatted according to APA guidelines.
