develop a capital budget for a major facility improvement that will benefit patients, nurses, and the organization.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
• Competency 3: Develop a capital budget.
• Describe a capital acquisition.
• Prepare a capital budget.
• Describe the process for calculating costs.
• Competency 4: Determine the equipment and services needed to maintain seamless patient or client care.
• Justify the need for a capital acquisition.
• Competency 5: Apply financial principles to a strategic plan for achieving organizational goals and fiscal success.
• Present a plan for budget management.
• Explain how a capital acquisition will affect the financial health of the organization.
• Competency 6: Communicate effectively with diverse audiences, in an appropriate form and style, consistent with applicable organizational, professional, and scholarly standards.