IHP 450 Final Project Milestone Two: Departmental Budget and Outline

IHP 450 Final Project Milestone Two: Departmental Budget and Outline Guidelines and Rubric
Prompt: Because you have done such a good job with the consulting assignments, your boss has asked you to lead the development of the department’s annual
operating budget for the healthcare facility you selected, (Joslin or Venice). She has also offered to review an outline of your capital budget proposal before you
submit it for consideration by the decision makers. There are two parts to this assignment that you will submit together:
Part One: Departmental Budget
First, create your annual departmental budget per your boss’ request. As part of your capital budget proposal, you will need to apply the cost of your capital
budget item, and all associated costs, to a specific department within the organization. You will also need to account for any additional revenue that may be
generated as a result of purchasing your capital budget item as well as any expenses that might be incurred. In the event you selected a capital item that impacts
the entire organization, apply the cost of your capital budget item to the entire organization.
Using the budget sample as an example, create your own departmental operating budget in the Operating Budget sheet. Please note that this is just an example
provided to help you get started. You do not have to use all of the budget items found in the budget sample if they do not apply to your department. You may
find that additional items are appropriate to include for your department beyond what is included in the sample. Use the Capital Budget sheet to calculate the
costs of your capital budget item.
As you create your department’s budget, consider items such as hiring new staff, training, technology, and any other related costs. Also account for the potential
revenue generated as a result of implementing the capital budget item as well as any potential expenses incurred by your department. These should be highlevel
estimates at this point. You’ll be doing some research on implementation of your capital budget item in Milestone Three that will help you refine your
estimates of potential revenue and expenses later on.
Part Two: Proposal Outline
Second, outline your proposal for your boss to review. With the goal of submitting a proposal that will help your organization and win that $2,500 bonus, you
will create a 1–3 page outline of your final project presentation that identifies the key points you will use to address critical elements of the final project,
providing sufficient detail to allow your boss to provide constructive feedback on your proposal. Your outline should incorporate, where applicable, the
knowledge, concepts, and principles that you have learned in Modules One through Five. Compare this assignment to the Final Project Rubric to see how it will
serve as a first draft for part of your final project. Review the example proposal outline to gain an idea of what the start of your outline may look like. The notes
and ideas you generate in this outline may inform the speaker notes, visuals, and text that you will include in your final project proposal presentation.
Guidelines for Submission: You will submit two deliverables for this assignment. Your departmental budget must be submitted as an Excel spreadsheet. Your
proposal outline must be submitted as a single document. It should be 1–3 pages in length with double spacing, 12-point Times New Roman font, one-inch
margins, and citations in APA style where applicable.
Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value
Departmental Budget:
Revenue
Creates projected budget that
accurately accounts for potential
departmental revenue
Creates projected budget that
accurately accounts for most
departmental revenue items but
is missing key elements
Does not project potential
departmental revenue items in
budget
8
Departmental Budget:
Expenses
Creates projected budget that
accurately accounts for all
departmental expenses
associated with capital budget
item
Creates projected budget that
accurately accounts for most
departmental expenses
associated with capital budget
item, but is missing key elements
Does not project potential
departmental expenses in budget
8
Introduction: Proposal
Items
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Introduction: Strategic
Goals
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Proposal:
Organizational
Resources
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Budget: Statements Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Budget: Expenses Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Budget: Reasoning Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Budget: Ratios Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Budget: Ratio
Calculations
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Impacts and
Justification: ShortTerm
Impact
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Impacts and
Justification: LongTerm
Impact
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Impacts and
Justification: Strategic
Planning
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Impacts and
Justification: Conflicts
Outline provides an appropriate
set of key points for this critical
element
Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing
No key points are provided for
this critical element
7
Earned Total 100%