Financial Management

• CO 2: Determine competencies for planning, monitoring, and evaluating resources that ensure safe, quality person-centered care. (PO 1)
• CO 3: Identify the impact of cultural and ethical awareness in management of resources at the unit level. (PO 3)

Assignment Overview

Review the fiscal implications of your proposed MSN project. Identify expenses associated with the project, any revenue which may be realized, and future cost savings which may be intended. Explore the variables which may impact the financial aspect of your project, and consider strategies to address variance which may occur.

After careful review of these elements, review Appendix I item #4 in the Johns Hopkins Action Planning Tool, located in the  and the MSN Project Financial Management Table. Create a 3 to 5 page paper, using a minimum of 4 peer-reviewed scholarly sources, current within 5 years, to support your work.

See rubric for specific, required content criteria within each section of the paper:

1. Provide an introduction to the paper.
2. Using an economy of words, provide a succinct overview of the MSN project. Include a statement of the purpose or problem to be addressed.
3. Discuss implications of the MSN project for advanced nursing practice, including: (a) how the impact of MSN project will promote efficiency or cost savings within the healthcare environment; and (b) how the project will contribute to a culture of safe, high-quality, person-centered care.
4. Provide a concise narrative summary addressing the financial expenses associated with the MSN Project, as well as any revenue (if applicable) which may be realized. Identify two specific variables which may influence the financial aspect of the project. Discuss at least one specific strategy to address each of the potential variables which is identified. Explain how each strategy will support efficient financial management of the project.
5. Provide a conclusion to the paper.
6. Using APA format, include the MSN Project Financial Management Table as an appendix to your paper.

Assignment Instructions

1. Abide by the Chamberlain College of Nursing Academic Integrity Policy.
2. Sources older than five years may not be used without the permission of the class professor.
3. Title page, pagination, subheadings, body of paper, citation of sources, and reference page must follow APA guidelines as found in the most current edition of the manual.
4. Rules of grammar, spelling, word usage, punctuation, sentence and paragraph structure are followed and consistent with formal, scholarly writing as noted in the most current edition of the APA Manual.
5. No more than one short direct quote (15 words or less) may be used in this assignment.
6. First person should not be used within this assignment.