Walden NURS6241 2022 January Week 6 Discussion Latest

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NURS6241 Strategic Planning in Healthcare Organizations

Week 6 Discussion

Budgeting and Timeline Tools

As you have been examining this week, budgeting and timeline tools are vital for determining necessary resources and planning for a proposed change. For your Strategic Plan, you use these types of tools to assess resources that may be required for the successful implementation of your Strategic Plan.

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To prepare:

Review the information on budgeting in this week’s Learning Resources. Which tools (e.g., Revenue Projection Model, Capital Budgeting Analysis, Depreciation Calculator, Profit and Loss Projection) would be most useful for developing your Strategic Plan?

Review the information on PERT and other timeline tools, in this week’s Learning Resources, including Dr. Huston’s presentation in the media program. Use PERT or another tool to analyze and represent the activities that will need to be completed to successfully plan and implement your proposed change. Be sure to note dependencies (e.g., a task/milestone that must be completed in order to trigger the next step), and realistically assess the minimum time needed to complete the entire project.

By Day 3

Describe the budgeting tool(s) you will use and the steps you plan to take in order to identify the financial resources necessary for your Strategic Plan issue. Explain your rationale for your selected tool(s) and plans.

Explain your plans for outlining the timeline for implementation of your proposed change. Explain which timeline tool(s) you will use and how they will represent the activities needed to successfully plan and implement your project.

Explain how your timeline can allow leeway for variance.

By Day 6

Respond to at least two of your colleagues on two different days by offering constructive feedback on their budgeting and timeline strategies.