Key Concepts of Forecasting

Key Concepts of Forecasting
Key Concepts of Forecasting
Purpose
The purposes of this assignment are to (a) identify and articulate key concepts of forecasting and budgeting strategies for your cardiac unit at Saint Louis Medical Center (SLMC), which includes evaluating variance analyses as they apply to nursing budgets within healthcare organizations; and (b) formulate a revenue and expense budget for a nursing unit within a healthcare organization and communicate the information in a clear, succinct, and scholarly manner.
Outcomes
CO 1: Create a business plan based on evidence-based best practices that promotes high quality, safe, patient-centered care. (PO 1, 5)
CO 2: Demonstrate an understanding of holistic care principles and caring healthcare environments through the application of evidence-based financial principles. (PO 1, 2, 5)
Requirements:
This paper will be graded on quality of paper information, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.
Create this assignment using Microsoft Word, which is the required format for all Chamberlain documents. You can tell that the document is saved as an MS Word document because it will end in.docx.
Submit the paper to the appropriate CCN Dropbox by 11:59 p.m. MT on Sunday of the week due. Any questions about this paper may be discussed in the weekly Q & A Discussion topic.
The length of the paper is to be no greater than three pages, excluding title page and reference page. Extra pages will not be read by the instructor and will not count toward your grade.
APA format (6th edition) is required in this assignment, including a title page and reference page. Use APA level 1 headings for the organizational structure of this assignment. Remember that the introduction does not carry a heading that labels it as a level heading in APA format. The first part of your paper is assumed to be the introduction. See the APA manual for details. See the resource in Doc Sharing called Guidelines for Writing Professional Papers. Use the suggested format and headings to organize your assignment:
Include an introduction (do not label it as a heading in APA format)
Key concepts of forecasting budget
Supporting evidence
Budget strategies
Conclusion
Preparing the paper
Note: Use the resources in Doc Sharing related to SLMC to assist in completion of this assignment; Week 3 Forecasting Background and SLMC information as needed.
Clear introduction of your forecasting assignment is in the introduction paragraph, including a sentence that states the purpose of your paper.
Clearly articulate key concepts of your forecasting budget for the cardiac unit at SLMC.
Include of a minimum of three sources of scholarly, empirical evidence that supports your budget strategies for the cardiac unit at SLMC. See resources under Doc Sharing related to SLMC.
Identify budget strategies to keep your forecast for the cardiac unit at SLMC within budget.
Provide concluding statements that should summarize your overall forecasting assignment content.
The paper will be three pages maximum, excluding title and reference page(s).
Note: If you go over the paper length, the information will not be graded by the instructor.
Title and reference page(s) must be in APA format (6th edition).
Use 12-point Times New Roman font and one-inch margins on all sides of the paper.
Rubric
Week 3: Forecasting Rubric
Week 3: Forecasting Rubric
Criteria
Ratings
Pts
This criterion is linked to a Learning Outcome Introduction
Introduction clearly introduces your forecasting assignment and purpose of assignment.
30.0 pts
Introduction clearly introduces your forecast and purpose of assignment.
26.0 pts
Introduction introduces your forecast with minor lack of clarity or elements.
24.0 pts
Introduction of forecast lacks occasional important element or specificity.
11.0 pts
Introduction of forecast has multiple instances of inaccuracies
0.0 pts
Introduction is not present.
30.0 pts
This criterion is linked to a Learning Outcome Forecasting Budget Concepts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is clearly articulated.
45.0 pts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is clearly articulated with no inaccuracy.
40.0 pts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is clearly articulated with rare inaccuracy.
36.0 pts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is clearly articulated but lacks occasional important elements or specificity.
17.0 pts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is clearly articulated but has multiple instances of inaccuracies.
0.0 pts
Identification of key concepts of your forecasting budget for the cardiac unit at SLMC is not present.
45.0 pts
This criterion is linked to a Learning Outcome Evidence
Minimum of three scholarly, empirical evidence sources supporting your budget strategies for the cardiac care unit at SLMC.
30.0 pts
At least three empirical, scholarly evidence sources supporting your budget strategies for the cardiac care unit at SLMC are included.
26.0 pts
Empirical, scholarly evidence sources supporting your budget strategies for the cardiac care unit at SLMC are included with rare inaccuracy or only two sources are included.
24.0 pts
Empirical, scholarly evidence sources supporting your budget strategies for the cardiac care unit at SLMC lack an occasional important element or specificity or less than two sources are included.
11.0 pts
Empirical, scholarly evidence sources supporting your budget strategy for the cardiac care unit at SLMC have multiple instances of inaccuracies.
0.0 pts
Empirical, scholarly evidence sources supporting your budget strategy are not present.
30.0 pts
This criterion is linked to a Learning Outcome Budget Strategies
Identify budget strategies to keep your forecast for the cardiac unit at SLMC within budget.
40.0 pts
Clearly identifies budget strategies to keep your forecast for the cardiac unit at SLMC within budget.
35.0 pts
Identifies budget strategies to keep your forecast for the cardiac unit at SLMC within budget, with missing elements.
32.0 pts
Identifies budget strategies with a moderate impact to keep your forecast for the cardiac unit at SLMC within budget.
15.0 pts
Identifies budget strategies with limited impact to keep your forecast for the cardiac unit at SLMC within budget.
0.0 pts
Budget strategies are not identified.
40.0 pts
This criterion is linked to a Learning Outcome Conclusion
Concluding statements summarizing content are present.
30.0 pts
Concluding statements summarizing content are present and accurate.
26.0 pts
Concluding statements summarizing content are present with rare inaccuracy or missing elements.
24.0 pts
Concluding statements summarizing content lack an occasional important element or specificity.
11.0 pts
Concluding statements summarizing content have multiple instances of inaccuracies.
0.0 pts
Concluding statements summarizing content are missing.
30.0 pts
This criterion is linked to a Learning Outcome Text, title page, and references are consistent with APA format
Text, title page, and references are consistent with APA format.
10.0 pts
Text, title page, and references are consistent with APA format.
9.0 pts
Text, title page, and references are consistent with APA format with 1-2 exceptions.
8.0 pts
There are 3-4 APA format errors in the text, title page, and/or reference page(s).
4.0 pts
There are 5 APA format errors in the text, title page, and/or reference page(s).
0.0 pts
There are 6 or more APA format errors in the text, title page, and reference page(s).
10.0 pts
This criterion is linked to a Learning Outcome Ideas and information from other sources are cited correctly
Ideas and information from other sources are cited correctly.
10.0 pts
Ideas and information from other sources are cited correctly.
9.0 pts
Ideas and information from other sources are cited correctly with one exception.
8.0 pts
Ideas and information from other sources are cited with two errors.
4.0 pts
Ideas and information from other sources are cited with 3 or more errors.
0.0 pts
Ideas and information from other sources are not cited.
10.0 pts
This criterion is linked to a Learning Outcome Rules of grammar, word usage, and punctuation are followed
Rules of grammar, word usage, and punctuation are followed.
5.0 pts
Rules of grammar, word usage, and punctuation are followed.
4.0 pts
Rules of grammar, word usage, and punctuation are followed with 1-2 exceptions.
3.0 pts
Rules of grammar, spelling, word usage, and punctuation are consistent with formal written work with 3-4 exceptions.
2.0 pts
Rules of grammar, spelling, word usage, and punctuation are consistent with formal written work with 5 exceptions.
0.0 pts
Rules of grammar, spelling, words usage, and punctuation are followed with more than 6 exceptions.
5.0

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