Prof Name Course Name Student Name Capella University Assessment 4 Preparing and Managing a Capital Budget MSNwritingservices com Sept 26 2023 Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email Us Contact MSNwritingservices com Website MSNwritingservices com For Free MSN Sample MSNwritingservices com free Sample Planning and Implementing a Capital Financial Plan to Improve Nurse Satisfaction MSNwritingservices com Capital planning is essential for allocating resources to projects that have a lasting impact on both the work environment and patient outcomes In smaller healthcare settings staff morale is a key driver of productivity and care quality As a step down facility the plan is to establish a state of the art nurses lounge that offers comfort and relaxation The renovation will include new furniture personal lockers vending machines and hygiene supplies ensuring a safe and restful environment for nursing staff This assessment focuses on addressing nursing turnover in a 50 bed facility where low morale and a demanding work environment have become significant challenges The proposed solution involves developing a capital budget for staff training and refurbishing the nurses lounge aiming to boost retention and increase motivation As a nurse leader the objective is to create a welcoming and revitalizing space that enhances the well being of the nursing team and promotes long term retention Justification for the Capital Acquisition Capital Acquisition and Assumptions Nurse motivation is directly linked to healthcare quality and staff retention Creating a positive and welcoming work environment is crucial for maintaining high levels of productivity and enabling nurses to provide patient centered care The proposed lounge improvements aim to Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email Us Contact MSNwritingservices com Website MSNwritingservices com For Free MSN Sample MSNwritingservices com free Sample meet the physical mental and personal needs of nursing staff fostering relaxation reducing burnout and improving overall job satisfaction Establishing a Capital Budget Budget Management Plan Impact of Capital Acquisition on Financial Health Effective budget management will require collaboration between finance administration IT and maintenance departments Successful implementation will depend on coordinated efforts staff training and continuous monitoring of expenses Cost control measures will be implemented to avoid budget overruns ensuring the financial viability of the project The project is planned over an eight month period The budget will be developed by collecting data to understand the specific needs of the nursing team focusing on minimizing risks such as leadership influence or project delays Costs will be based on market research and vendor quotes with a projected payback period of one year driven by savings from reduced turnover and lower training costs Although the initial investment may create short term financial pressure the long term benefits include reduced turnover costs and greater organizational stability The project is expected to achieve a 50 return on investment within six to eight months with depreciation accounted for to ensure continued financial oversight MSNwritingservices com By focusing on capital investments that improve the work environment the facility can significantly enhance nurse satisfaction reduce turnover and improve the overall quality of care provided to patients Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email Us Contact MSNwritingservices com Website MSNwritingservices com For Free MSN Sample MSNwritingservices com free Sample References Awosoga O A Odole A C Onyeso O K Ojo J O Ekediegwu E C Nwosu I B Nord C Steinke C Varsanyi S Doan J 2023 Perceived strategies for reducing staff turnover and improving well being and retention among professional caregivers in Alberta s continuing care facilities A qualitative study Home Health Care Services Quarterly 42 3 193 215 https doi org 10 1080 01621424 2023 2166889 Bosch Badia M T Montllor Serrats J Tarrazon Rodon M A 2020 The capital budgeting of corporate social responsibility Sustainability 12 9 3542 https doi org 10 3390 su12093542 Karaferis D Aletras V Raikou M Niakas D 2022 Factors influencing motivation and work engagement of healthcare professionals Materia Socio Medica 34 3 216 224 https doi org 10 5455 msm 2022 34 216 224 Maassen S M van Oostveen C Vermeulen H Weggelaar A M 2021 Defining a positive work environment for hospital healthcare professionals A Delphi study PLoS ONE 16 2 e0247530 https doi org 10 1371 journal pone 0247530 Dash S Shakyawar S K Sharma M Kaushik S 2019 Big data in healthcare Management analysis and future prospects Journal of Big Data 6 1 54 https doi org 10 1186 s40537 019 0217 0 MSNwritingservices com Pedrosa A L Bitencourt L Fr es A C F Cazumb M L B Campos R G B de Brito S B C S Sim es e Silva A C 2020 Emotional behavioral and psychological impact of the covid 19 pandemic Frontiers in Psychology 11 https www frontiersin org articles 10 3389 fpsyg 2020 566212 Schmidt J Gambashidze N Manser T G T Klatthaar M Neugebauer F Hammer A 2021 Does interprofessional team training affect nurses and physicians perceptions of safety culture and communication practices Results of a pre post survey study BMC Health Services Research 21 1 341 https doi org 10 1186 s12913 021 06137 5 Mollah A S Rouf A Rana S M S 2021 A study on capital budgeting practices of some selected companies in Bangladesh PSU Research Review 7 2 137 151 https doi org 10 1108 PRR 10 2020 0035 Zhenjing G Chupradit S Ku K Y Nassani A A Haffar M 2022 Impact of employees workplace environment on employees performance A multi mediation model Frontiers in Public Health 10 890400 https doi org 10 3389 fpubh 2022 8 Do you need Help to complete your Capella Uni MSN FlexPath Class in 1 Billing Email Us Contact MSNwritingservices com Website MSNwritingservices com For Free MSN Sample MSNwritingservices com free Sample Appendix Table 1a Expense Categories and Required Amounts Categories Amount Required Labor Expense Expenses of Construction Lockers Bathrooms Cupboards Shelves Maintenance Charges AC Water Dispenser Vending Machine Maintenance Hygiene Management Charges Dispensers Sanitizers Scrubs Soaps etc IT Development Expense Installation of Biometrics Desktops and Other Machinery Infrastructural Changes