Developing A Strategic Pl Budgeting And Timeline Tools

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Developing a Strategic Plan: Budgeting and Timeline Tools
The budget is a tool that quantifies activities in financial terms (Baker & Baker, 2014). Fiscal planning is an important activity in strategic planning. The nurse manger must have the knowledge and ability to forcast when developing a budget (Marquis & Huston, 2015). The manager must also take into consideration and plan for time resources. A GANTT chart or a program evaluation review technique can be utilized to assist in managing time resources (Laureate Education, 2013).
The purpose of this paper will outline the financial resources for the change project. A description of the budgeting tool and the challenges encountered during the budgeting process. A timeline for the implementation of the change project will ensue.
Financial Resources
The current budget looks at the first and second year of the project. The expenses for the first year are double of that in the second year. The reason for the difference is in the first year not only do the new grads need to attend the course, but all the current nurses in the hospital must attend the course. After the first year, only new hires and new grads will need to take the classroom session, while all current nurses will utilize the mandatory Computer Based Training (CBT) which will be 30 minutes in length. This CBT will test this knowledge of cultural competency and will provide updates as needed.
As the budgets are in place and this education course is new, the monies for this education will come from the generosity of The Foundation for the first year. The Foundation supports projects and programs within the hospital that will promote the health and well-being of the local residents (Affinity Health, 2016)...

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...icture of a schedule that assists to plan, coordinate, and track specific tasks in a project (Rouse, 2016). The Gantt Chart can direct a project and promote the growth and success of a project (Aghayan, et al., 2014). One downfall of a Gantt Chart is that is does not indicate task dependencies as does a PERT Chart. To counter this deficiency with the Gantt Chart, frequently the chart needs to be adjusted to reflect the actual status of the tasks in the project (Rouse, 2016).
Summary
Strategic planning includes fiscal planning and developing a timeline for projects. PERT and Gantt Charts assist in scheduling and managing simple to complex projects. Leveraging resources can aide in assureing there are sufficient financial resources for the project. As well, it is important to consider the workforce needed to fulfill the implementation and goals of the project.

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