Capital Budget Description

Capital Budget Description Prepare an 4–5 page capital budget for a major capital acquisition. In today’s health care environment, the focus on major purchases, as part of the capital budget, has emphasized the need for newer and better technology. Although the need to invest in capital equipment and technology has been ongoing, the nursing workforce must also have a safe and pleasant work environment. This assessment provides an opportunity for you develop a capital budget for a major facility improvement that will benefit patients, nurses, and the organization. By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria: -Describe a capital acquisition. -Prepare a capital budget. -Describe the process for calculating costs. -Justify the need for a capital acquisition. -Present a plan for budget management. -Explain how a capital acquisition will affect the financial health of the organization.