Budget Essays (Examples)

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Financial Operations in Nursing Administration

Words: 1547 Length: 5 Pages Document Type: Essay Paper #: 58509595

• What are the responsibilities of someone in your position (e.g., VP, CNO, Director, or Manager) in the development of the annual budget?
Nurse Manager
Having business acumen is fundamental to becoming a Chief Nursing Officer (CNO). In some healthcare institutions CNOs are charged with overseeing large aspects of the annual budget of that facility. It is the responsibility of the nurse manager to design the organization’s budget and set goals for the center they represent or at least their nursing unit (Rundio & Sigma Theta Tau International, 2016). This is usually done in close collaboration with finance department. After the development of the budget and after it has been updated, it is then forwarded to the administrative unit and thereafter to the directors for approval. The fiscal year begins following the approval of the budget process (Rundio & Sigma Theta Tau International, 2016). The hospital must deliver the planned…… [Read More]

References

Emerick, T., & Lewis, A. (2013). Cracking health costs: How to cut your company\\\\'s costs and provide employees better care. Hoboken, New Jersey: Wiley

Rundio, A., & Sigma Theta Tau International. (2016). the nurse manager\\\\'s guide to budgeting & finance. Indianapolis, IN: Sigma Theta Tau International.

Rundio, A., (2016). Budget development for nurse managers. Reflections on Nursing Leadership. Retrieved 3 December, from https://www.reflectionsonnursingleadership.org/features/more-features/budget- development-for-the-nurse-manager

Yong, P. L., Saunders, R. S., Olsen, L. A., & Institute of Medicine (U.S.). (2010). the healthcare imperative: Lowering costs and improving outcomes: workshop series summary. Washington, D.C: National Academies Press.


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implementing a project and overcoming objections

Words: 307 Length: 1 Pages Document Type: Essay Paper #: 90058140

Implementation of Project
The implementation of any project comes with risk, in particular where the project requires changes on some level. Some will oppose change because they do not understand the benefits, or because they perceive (rightly or wrongly) that the change will have a negative impact on them. Some implementation issues are related to the allocation of scarce resources – departments and projects compete for funding and labor, and this can create issues for implementing a project on time and on budget.
There are several key stakeholders who might be able to help overcome such challenges. An example would be the person in charge of determining budget for the department or company. Getting buy-in from this person – who is not necessarily in the finance department but would be the person who has the ability to set budget allocations – is critical because budget resources are often an impediment…… [Read More]