IHP 450 Final Project Milestone Two Departmental Budget an.docx

IHP 450 Final Project Milestone Two: Departmental Budget and Outline Guidelines and Rubric


Prompt: Because you have done such a good job with the consulting assignments, your boss has asked you to lead the development of the department’s annual
operating budget for the healthcare facility you selected, (Joslin or Venice). She has also offered to review an outline of your capital budget proposal before you
submit it for consideration by the decision makers. There are two parts to this assignment that you will submit together:

Part One: Departmental Budget
First, create your annual departmental budget per your boss’ request. As part of your capital budget proposal, you will need to apply the cost of your capital
budget item, and all associated costs, to a specific department within the organization. You will also need to account for any additional revenue that may be
generated as a result of purchasing your capital budget item as well as any expenses that might be incurred. In the event you selected a capital item that impacts
the entire organization, apply the cost of your capital budget item to the entire organization.

Using the budget sample as an example, create your own departmental operating budget in the Operating Budget sheet. Please note that this is just an example
provided to help you get started. You do not have to use all of the budget items found in the budget sample if they do not apply to your department. You may
find that additional items are appropriate to include for your department beyond what is included in the sample. Use the Capital Budget sheet to calculate the
costs of your capital budget item.

As you create your department’s budget, consider items such as hiring new staff, training, technology, and any other related costs. Also account for the potential
revenue generated as a result of implementing the capital budget item as well as any potential expenses incurred by your department. These should be high-
level estimates at this point. You’ll be doing some research on implementation of your capital budget item in Milestone Three that will help you refine your
estimates of potential revenue and expenses later on.

Part Two: Proposal Outline
Second, outline your proposal for your boss to review. With the goal of submitting a proposal that will help your organization and win that $2,500 bonus, you
will create a 1–3 page outline of your final project presentation that identifies the key points you will use to address critical elements of the final project,
providing sufficient detail to allow your boss to provide constructive feedback on your proposal. Your outline should incorporate, where applicable, the
knowledge, concepts, and principles that you have learned in Modules One through Five. Compare this assignment to the Final Project Rubric to see how it will
serve as a first draft for part of your final project. Review the example proposal outline to gain an idea of what the start of you.

1. IHP 450 Final Project Milestone Two: Departmental Budget and
Outline Guidelines and Rubric


Prompt: Because you have done such a good job with the
consulting assignments, your boss has asked you to lead the
development of the department’s annual
operating budget for the healthcare facility you selected, (Joslin
or Venice). She has also offered to review an outline of your
capital budget proposal before you
submit it for consideration by the decision makers. There are
two parts to this assignment that you will submit together:

Part One: Departmental Budget
First, create your annual departmental budget per your boss’
request. As part of your capital budget proposal, you will need
to apply the cost of your capital
budget item, and all associated costs, to a specific department
within the organization. You will also need to account for any
additional revenue that may be
generated as a result of purchasing your capital budget item as
well as any expenses that might be incurred. In the event you
selected a capital item that impacts
the entire organization, apply the cost of your capital budget
item to the entire organization.

Using the budget sample as an example, create your own
departmental operating budget in the Operating Budget sheet.
Please note that this is just an example
provided to help you get started. You do not have to use all of
the budget items found in the budget sample if they do not

2. apply to your department. You may
find that additional items are appropriate to include for your
department beyond what is included in the sample. Use the
Capital Budget sheet to calculate the
costs of your capital budget item.

As you create your department’s budget, consider items such as
hiring new staff, training, technology, and any other related
costs. Also account for the potential
revenue generated as a result of implementing the capital budget
item as well as any potential expenses incurred by your
department. These should be high-
level estimates at this point. You’ll be doing some research on
implementation of your capital budget item in Milestone Three
that will help you refine your
estimates of potential revenue and expenses later on.

Part Two: Proposal Outline
Second, outline your proposal for your boss to review. With the
goal of submitting a proposal that will help your organization
and win that $2,500 bonus, you
will create a 1–3 page outline of your final project presentation
that identifies the key points you will use to address critical
elements of the final project,
providing sufficient detail to allow your boss to provide
constructive feedback on your proposal. Your outline should
incorporate, where applicable, the
knowledge, concepts, and principles that you have learned in
Modules One through Five. Compare this assignment to the
Final Project Rubric to see how it will
serve as a first draft for part of your final project. Review the
example proposal outline to gain an idea of what the start of
your outline may look like. The notes
and ideas you generate in this outline may inform the speaker
notes, visuals, and text that you will include in your final
project proposal presentation.

3. Guidelines for Submission: You will submit two deliverables
for this assignment. Your departmental budget must be
submitted as an Excel spreadsheet. Your
proposal outline must be submitted as a single document. It
should be 1–3 pages in length with double spacing, 12-point
Times New Roman font, one-inch
margins, and citations in APA style where applicable.






https://learn.snhu.edu/d2l/lor/viewer/view.d2l?ou=6606&loIdent
Id=21759
https://learn.snhu.edu/d2l/lor/viewer/view.d2l?ou=6606&loIdent
Id=21760



Critical Elements Proficient (100%) Needs Improvement (75%)
Not Evident (0%) Value

Departmental Budget:
Revenue

Creates projected budget that
accurately accounts for potential
departmental revenue

Creates projected budget that
accurately accounts for most
departmental revenue items but
is missing key elements

4. Does not project potential
departmental revenue items in
budget

8

Departmental Budget:
Expenses

Creates projected budget that
accurately accounts for all
departmental expenses
associated with capital budget
item

Creates projected budget that
accurately accounts for most
departmental expenses
associated with capital budget
item, but is missing key elements

Does not project potential
departmental expenses in budget



8

Introduction: Proposal
Items


Outline provides an appropriate
set of key points for this critical
element

5. Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Introduction: Strategic
Goals


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element

6. 7

Proposal:
Organizational

Resources


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Budget: Statements


Outline provides an appropriate
set of key points for this critical
element

7. Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Budget: Expenses


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element

8. 7

Budget: Reasoning


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7




Budget: Ratios


Outline provides an appropriate
set of key points for this critical
element

9. Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Budget: Ratio
Calculations


Outline provides an appropriate
set of key points for this critical
element


Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element

10. 7

Impacts and
Justification: Short-

Term Impact


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Impacts and
Justification: Long-

Term Impact


Outline provides an appropriate
set of key points for this critical

11. element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element



7

Impacts and
Justification: Strategic

Planning


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for

12. this critical element




7

Impacts and
Justification: Conflicts


Outline provides an appropriate
set of key points for this critical
element



Outline provides some key points
for this critical element but
others that will be important to
include in a successful
presentation are missing

No key points are provided for
this critical element




7

Earned Total 100%