You are the nurse manager of a 35-bed hospital unit with 20 full-time equivalent (FTE) staff. You have been
given the task of getting the budget under control. Several people have recently left the unit, and you have
been working to fill those open positions. Your staff work scheduled overtime and many sign up to work extra
shifts. Your unit serves an older population, as well, and has incurred expenses associated with this group of
patients.
Note: Remember that you can submit all of, or a portion of, your draft to Smarthinking for feedback, before you
submit the final version for this assessment. However, be mindful of the turnaround time of 24–48 hours for
receiving feedback, if you plan on using this free service.
As you prepare to complete this assessment, you may want to think about other related issues to deepen your
understanding or broaden your viewpoint. You are encouraged to consider the questions below and discuss
them with a fellow learner, a work associate, an interested friend, or a member of your professional community.
Note that these questions are for your own development and exploration and do not need to be completed or
submitted as part of your assessment.
What major sections would you include in an operating budget?
What are your primary sources of budget information?
Would you include nice-to-have items in your budget? Why or why not?
What factors, such as organizational objectives, policies, and competition for funding, might affect the
development and management of an operating budget?
The following resources are required to complete the assessment
Sample Solution