MSN6216 Unit 10 Discussion (dq1+dq2) Latest 2019 January

MSN6216 - Advanced Finance and Operations Management

Unit 10 Discussion

DQ1 Capital Budget Review and Feedback

For this discussion, post a copy of your capital budget documents to the discussion board for review and feedback from your colleagues.

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you prepare your comments and feedback on your colleague’s capital budget, consider the following questions:

If you were asked to approved your colleague’s budget, do you find the justification convincing?

Is the budget complete?

If not, what line items are missing?

How would you assess your colleague’s plan for managing the budget and addressing budget variances?

Is this capital expenditure a sound financial investment?

Why or why not?

Would you approve this budget?

Learning Components

This activity will help you achieve the following learning components:

Apply appropriate criteria to budget evaluation.

Analyze a capital budget.

Determine the benefits of a capital expenditure.

Determine the need for particular assets, equipment, services, or goods.

Proofread and edit written communications.

Apply the principles of effective composition.

DQ2 Self-Reflection

There is power in self-reflection at all levels of nursing. This week provides an opportunity for you to focus on how you have met each of the course competencies. Include examples of how the learning activities and assignments in this course helped you develop those competencies.

In addition, address the following questions:

What lessons learned from your experience designing an operating budget will you be able to apply in your professional practice?

What insights have you gained that will help you better manage a nursing staff, given the inevitable budget constraints and demand for increasing productivity?

What lessons learned from your experience designing a capital budget will you be able to apply in your professional practice?

How can you apply what you have learned in your professional practice with regard to best practices for determining equipment and services needs?

What insights into the strategic aspect of financial planning will be of use to you in your professional practice?

What questions remain unanswered for you about finance and operations management?

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

Were your colleagues’ experiences with this course similar to, or different from, yours?

Have you noticed any general themes or patterns emerge in your colleagues’ responses to the discussion questions?

What suggestions might you offer regarding additional resources or support related to finance and operations management?

Learning Components

This activity will help you achieve the following learning components:

Reflect on lessons learned and their impact on professional practice.

Apply the principles of effective composition.

Proofread and edit written communications.