MSNFP 6216 GCU Budget Negotiations and Communication Financial Needs to Stakeholders Assessment Write a 3–5 page executive summary that justifies the opera

MSNFP 6216 GCU Budget Negotiations and Communication Financial Needs to Stakeholders Assessment Write a 3–5 page executive summary that justifies the operating budget you prepared in Assessment 2.

Note: Complete the assessments in this course in the order in which they are presented.

SHOW LESS

Negotiating budgets and communicating financial needs to stakeholders are vital skills for nurse leaders. Given today’s numerous constraints on funding and a highly competitive environment, the ability to win support for your budget proposals hinges on being able to present a compelling argument based on well-documented needs, accurate financial information, and a justifiable business case.

This assessment provides an opportunity for you to examine the mission and goals of a health care organization, in order to justify a budget proposal. A persuasive argument requires thoughtful justification and rationale for the expenses required to support your proposal. A proposal that supports the organization’s mission and goals strengthens your argument and is much more likely to get you what you need.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:

Competency 1: Design an operating budget that incorporates variances or discretionary spending.
Outline a strategic plan that ensures profitability and fiscal success.
Competency 2: Develop a plan for managing the labor force, within the parameters of the budget and productivity.
Present a plan to meet staff productivity goals, while staying within budget parameters.
Competency 4: Determine the equipment and services needed to maintain seamless patient or client care.
Justify equipment and service costs.
Competency 5: Apply financial principles to a strategic plan for achieving organizational goals and fiscal success.
Analyze department, unit, or project alignment with an organization’s mission and goals.
Competency 6: Communicate effectively with diverse audiences, in an appropriate form and style, consistent with applicable organizational, professional, and scholarly standards.
Write clearly and concisely, using correct grammar and mechanics.
Integrate relevant and credible sources of evidence to support your assertions, correctly formatting citations and references using APA style.
Note: Complete the assessments in this course in the order in which they are presented.
PREPARATION
The financial department has reviewed your unit’s operating budget and has asked you to submit an executive summary that provides support for your budget proposal. Your challenge is to position your unit favorably within an environment of competing demands for limited funding.Note: Remember that you can submit all of, or a portion of, your draft to Smarthinking for feedback, before you submit the final version for this assessment. However, be mindful of the turnaround time of 24–48 hours for receiving feedback, if you plan on using this free service.
REQUIREMENTS
Note: The following requirements correspond to the grading criteria in the assessment scoring guide. Be sure that your executive summary addresses each point, at a minimum. You may also want to read the Guiding Questions: Budget Negotiations and Communication [DOCX], linked in the Resources under the Suggested Resources heading, to better understand how each criterion will be assessed.Write an executive summary of the operating budget you prepared in Assessment 2 that makes a compelling case for why funds should be allocated for your budget.
Outline a strategic plan that ensures profitability and fiscal success.
Present a plan to meet staff productivity goals, while staying within budget parameters.
Justify equipment and service costs.
Analyze department, unit, or project alignment with the organization’s mission and goals.
Write clearly and concisely, using correct grammar and mechanics.
Integrate relevant and credible sources of evidence to support your assertions, correctly formatting citations and references using current APA style.
ADDITIONAL REQUIREMENTS
Format your summary using APA style.
Use the APA Style Paper Template [DOCX], linked in the Resources under the Required Resources heading. An APA tutorial is also provided in the resources to help you in writing and formatting your summary. Be sure to include:
A title page and reference page. An abstract is not required.
A running head on all pages.
Appropriate section headings.
A minimum of five properly formatted citations and references.
Your summary should be 3–5 pages in length, not including the title page and reference page.