HP 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 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.
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.
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
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
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
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
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
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
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
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 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 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
