NUR711 WK 5 DISCUSSION: Operating Budget

NUR711 WK 5 DISCUSSION: Operating Budget

Operating Budget

Discussion

Purpose

The purpose of this discussion is to explore the role DNP-prepared nurse in creating a budget, effective financial planning, and determining the allocation of resources.

Instructions

Reflect upon your readings and professional experience and examine the role of the DNP-prepared department or organizational leader in navigating the following:

1. Planning and executing the operating budget
2. Controlling cost overruns and overtime
3. Explaining variances: i.e., Defending overtime hours associated with patient census or acuity fluctuations
4. Securing funds for staff’s ongoing competency training and professional development

Please click on the following link to review the DNP Discussion Guidelines on the Student Resource Center program page:

• Link (webpage): DNP Discussion GuidelinesLinks to an external site.

Program Competencies

This discussion enables the student to meet the following program competencies:

1. Integrates scientific underpinnings into everyday clinical practice. (POs 3, 5)

1. Uses analytic methods to translate critically appraised research and other evidence into clinical scholarship for innovative practice improvements. (POs 3, 5)

1. Appraises current information systems and technologies to improve healthcare. (POs 6, 7)

1. Analyzes healthcare policies to advocate for equitable healthcare and social justice to all populations and those at risk due to social determinants of health. (POs 2, 9)

1. Leads others in professional identity, advanced clinical judgment, systems thinking, resilience, and accountability in selecting, implementing, and evaluating clinical care. (POs 1, 4)

Course Outcomes

This discussion enables the student to meet the following course outcomes:

1. 1. Examine the role of the DNP-prepared nurse in leading financial planning and management across healthcare settings. (PCs 5, 8; POs 2, 4, 9)
   1. Develop strategies to lead project planning, implementation, management, and evaluation to promote high-value healthcare. (PCs 1, 3, 4; POs 3, 5, 7)