NR533 Wk7 -B Project Paper

Use this worksheet to record the data and information you collect over the period of the course you will use to complete the final assignment: Business Plan. Spending time each week relating the lessons and readings to your project and recording hard data as well as your assumptions/conclusions here will make it easier for you to be thorough on the assignment. Remember, every line of this business plan worksheet may not necessarily pertain to your project. When it doesn’t you need to indicate it as such by stating why it is not on the worksheet.

You will submit this worksheet as part of your final paper in the Appendices. However, this is looked as your notes and data sheet and will not be graded for format, spelling, sentence structure, etc. Use it freely….

Business Plan Worksheet

PROJECT DEVELOPER:

PROJECT TITLE:

PICOT QUESTION:

EXECUTIVE SUMMARY:

PROJECT DESCRIPTION:

IMPLICATIONS FOR ORGANIZATIONAL MISSION: (how does project align with and enhance the organization stated mission and strategic goals)

IMPLICATIONS FOR STAKEHOLDERS:

MARKET ANALYSIS: (market defined, impact of project on the market; forecasted contribution of project to market share, demographics, utilization rates, any competitors for the service, clinical/tech advances; anything that might affect demand)

Target population:

Market size:

Payer considerations:

Competitive factors:

Projected volumes

OPERATIONS: potential impact on clinical and service quality

Location of and space for service

Management structure

Staffing

Equipment

MARKETING PLAN:

At least two marketing strategies (external- and internal- building awareness; physician directed; targeted consumers

INSTITUTIONAL BRAND IMPACT:

FINANCIAL ANALYSIS:

Capital Costs

Operational Costs

Payer type/payer mix

Break – even analysis and Cost/benefit ratio

REQUIREMENTS FOR PROJECT:

Launch/implementation timeline

Facility requirements

Informatics requirements

Medical staff requirements

Staff requirements

Regulatory Hurdles

Payer contracting needs

FEASIBILITY:

Risk Assessment: SWOT analysis

Launch/Implementation challenges

Business Plan Assignment

Guidelines With Scoring Rubric

Purpose

The purpose of this assignment is to develop a business plan for a quality improvement project, program, or service related to an area of student interest within the selected healthcare organization. NR533 Wk7 -B Project Paper

Due Date: at the end of Week 7

Total Points Possible: 200

Requirements:

1. Address all components of the business plan as outlined in Preparing the Paper.

2. Refer to the Business Plan Worksheet, available for download on the Course Resources page, as needed to complete the assignment.

3. This paper will be graded on quality and completeness of information, accuracy of any required calculations, use of citations, use of standard English grammar, sentence structure, and organization based on the required components.

4. 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.

5. Use of Turn It In is used for this assignment and is part of the submsiion into the assignment portal, See the Turn It In guidelines within the Resources tab on the left.

6. Submit the final paper to the Files by Sunday 11:59 p.m. MT. Any questions about this paper may be discussed in the weekly Q & A forum under Discussions. Once your paper has been submitted to Files, you are not allowed to resubmit to that portal without express approval by the faculty.

7. The length of the paper is to be no greater than seven pages including the appendices, but excludes title page and reference page. Extra pages will not be read nor graded by the instructor. Content beyond the page limit will not be considered part of the paper. Your business plan worksheet should be included in the appendices section but is not counted as part of your page limit..

8. APA format (6th edition) is required in this assignment, including a title page and a reference page. Use headings for the sections of the paper according to APA format. Remember that the introduction does require a heading. See the APA manual for details of formatting. You may also refer to Guidelines for Writing Professional Papers found in Course Resources.

9. A complete paper will contain all components outlined under Preparing the Paper.

 

Preparing the paper

A business plan is a detailed plan for a proposed program, project, or service.

The following sections should be clearly present with headings and complete. Use the headings provided in the outline below. Remember, there is no heading used for the introduction section. NR533 Wk7 -B Project Paper

I. Introduction/Overview

a. Purpose of assignment

b. PICOT

c. Purpose of business plan

d. What will be included

II. Proposal

a. Cover letter

b. Executive Summary

III. Detailed Abstract

a. Two types analyses

b. Marketing and financial plans

IV. Appendices

a. Financial tables

b. Graphs/charts

V. Conclusion

a. What was covered in the plan

b. Strengths and weaknesses of the plan

c. Approach for approval

 

1. Clearly introduce your business-plan assignment in the Overview section. This should be no longer that one paragraph. Include purpose of your assignment, PICOT as basis for and purpose business plan; and what will be covered in the assignment.

2. Include a clearly articulated cover letter written in business letter format, active voice and exactly as it would be read by leadership. Include overview of issue, proposed solution, and action request. There should be no other content on this page except for the business letter.

3. Present a captivating executive summary that is interesting and captures the interest of leadership and draws them in to read further. Content includes (1) a description of the proposed project, program, or service, (2) why it is being proposed, and (3) what outcomes are most likely to occur as a result. NR533 Wk7 -B Project Paper

4. Detailed Abstract expands the three areas of the executive summary.

a. Expand description of project purpose

b. Issue/problem defined; supportive evidence for project

c. Expected outcomes and project timeline

d. Marketing/needs analyses and plans at least two strategies

e. Fit with mission of organization

f. Fit with current services

g. Financial plan including budgetary needs

h. Financial impact on stakeholders (organization, patients, unit of service, community)

i. Break-even analysis and cost/benefit analysis results with reference to actual budget and analysis in appendices

5. Appendices should include any financial tables, charts, or graphs, or other supporting documents referred to in the detailed abstract. The business plan worksheet should be included in the appendices.

6. Conclusion for the paper includes an overview of what was covered in the paper, strengths and weaknesses of the plan, and plan for seeking proposal approval.

7. The paper length will be seven pages maximum including the appendices and excluding title and reference page(s).

Note: If you go over the paper length, the additional information will not be read nor considered for part of you grade by the instructor.

8. Title and reference page(s) must be in APA format (6th edition).

9. Use 12-point Times New Roman font and one-inch margins on all sides of the paper.

10. Note: After submitting your assignment to Files, please upload your completed executive summary into the Week 8 designated Discussion to share with your peers.

Category	Points	Description
Overview	20	Purpose of assignment; purpose of business plan; PICOT clearly stated; what will be included in the paper
Proposal	30	Cover letter in business letter format engages reader with brief overview of issue and solution and engages reader to take action. Executive summary describes project, its purpose, outcomes, marketing, and financial summary.
Detailed Abstract	75	Expand description of project purpose, issue/problem defined; supportive evidence for project; expected outcomes and timeline; marketing/needs analyses and plans; fit with mission of organization; fit with current services; financial plan including budgetary needs; financial impact on stakeholders; break-even analysis and cost/benefit analysis results
Appendices	25	Business plan worksheet; budget; break-even analysis; other charts, tables, referred to in plan
Conclusion	25	Concluding statements that include what was covered in the assignment; strengths and weaknesses of the plan; and strategies for seeking approval
Paper formatting requirements	15	Text, title page, headings, and references are consistent with APA format; heading labels consistent with paper requirements; Ideas and information from other sources are cited correctly; page length within seven-page limit
Writing conventions	10	Rules of grammar, word usage, spelling, and punctuation are followed
Total	200	A quality assignment will meet or exceed all of the above requirements.

Chamberlain College of Nursing NR533 Financial Management in Healthcare Organizations

 

 

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Grading Rubric

Assignment Criteria	Exceptional Outstanding or highest level of performance	Above Average Very good or high level of performance	Average Minimum level of performance	Failing Poor performance
Content Possible Points = 200 Points
Introduction	20 Points	15 Points	10 Points	5 Points
	All components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper	Three of four components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper	Two of four components of introduction are clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper	Only one component of introduction is clearly and specifically articulated. 1. Purpose of assignment 2. Purpose of business plan 3. PICOT clearly stated 4. What will be included in the paper
Proposal Cover Letter and Executive Summary	10 Points	7 Points	4 Points	0 Points
	Cover Letter:   All components of cover letter are clearly and accurately presented.   1. Cover letter in business letter format 2. Brief overview of issue and solution 3. Engages reader to take action	Cover Letter:   Two of three components of cover letter are clearly and accurately presented.   1. Cover letter in business letter format 2. Brief overview of issue and solution 3. Engages reader to take action	Cover Letter:   One of three components of cover letter are clearly and accurately presented.   1. Cover letter in business letter format 2. Brief overview of issue and solution 3. Engages reader to take action	Cover Letter: No components of cover letter are clearly and accurately presented. 1. Cover letter in business letter format 2. Brief overview of issue and solution 3. Engages reader to take action
	20 Points	15 Points	10 Points	5 Points
	Executive Summary:   All components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.	Executive Summary:   Three of four components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.	Executive Summary:   Two of four components of executive summary are clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.	Executive Summary:   Only one component of executive summary is clearly and accurately presented. 1. Executive summary engages reader’s interest in project. 2. Provides summary of project a. purpose, b. outcomes, and c. marketing and financial summaries.
Detailed Abstract Full description of project proposal	75 Points	68 Points	60 Points	45 Points
	All components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results	8 to 9 components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results	6 to 7 components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results	5 or less components are clearly and completely articulated. 1. Expand description of project purpose 2. Issue/problem defined 3. Supportive evidence for project 4. Expected outcomes from project and timeline 5. Marketing/needs analyses and plans included 6. Fit with mission of organization 7. Fit with current services 8. Financial plan including budgetary needs 9. Financial impact on stakeholders 10. Break-even and Cost/benefit analysis results
Appendices	25 Points	15 Points	10 Points	5 Points
	All required supporting documents are included and accurately presented. Required: 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan	Three of four required supporting documents are included and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan	Two of four required supporting documents are present and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan	Only one of four required supporting documents is present and accurately presented. 1. Business plan worksheet 2. Budget 3. Break-even analysis 4. Other charts, tables, referred to in plan
Conclusion	25 Points	15 Points	10 Points	0 Points
	All required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval	Two of three required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval	One of three required components for conclusion are clearly and accurately presented. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval	All required components for conclusion are missing, inaccurate, or unclearly written. 1. Concluding statements that include what was covered in the assignment 2. Two strengths and two weaknesses of the plan are described 3. Strategy for obtaining project approval
Paper Format	15 Points	10 Points	5 Points	0 Points
	All formatting elements are present with two or less errors.   1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit	Formatting elements are mostly correct with three errors.   1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit	Formatting elements are mostly correct with four errors.   1. Text, title page, headings, and references 2. Headings label follow required outline 3. All ideas and information from other sources are cited correctly 4. Page length within seven-page limit	All formatting elements are present with five or more errors.   1. Text, title page, headings, and references; 2. Headings label follow required outline; 3. All ideas and information from other sources are cited correctly; 4. Page length within seven-page limit
Writing Conventions	10 Points	7 Points	5 Points	0 Points
	Rules of grammar, word usage, spelling, and punctuation are followed and contain two or less errors.	Rules of grammar, word usage, spelling, and punctuation are followed with three errors.	Rules of grammar, word usage, spelling, and punctuation are followed and contain with four errors.	Rules of grammar, word usage, spelling, and punctuation are followed with greater than five or more errors.
Total Points		_____/200 points

 

 

 

 

 

NR533 Business Plan Directions & Rubric.docx 12.10.18nhs

9

TYPE SHORT TITLE IN ALL CAPS 2

Title in Upper and Lower Case

Your Name

Chamberlain College of Nursing

Course Number: Course Name

Term Month and Year

 

TYPE SHORT TITLE IN ALL CAPS 1

TYPE SHORT TITLE IN ALL CAPS 7

Your name

Your address

 

Date

Name of receiver

Address of receiver

 

Dear Mr/Ms/Dr. name

 

In the business letter one paragraph would be an overview and solution

Another paragraph would engage the reader to take action

Sincerely,

 

 

Your name

 

 

Executive Summary

Provide a summary of the project which contains the following: Engage the reader’s interest.

· Purpose

· Outcomes

· Marketing and financial summaries

 

Title of your Paper in Upper and Lower Case (Centered, not Bold)

This section of the paper can only be 5 pages at the most so the 7 page limit is maintained.

Type your introduction. Although the first paragraph after the paper title is the introduction, no heading labeled Introduction is used. Refer to your assignment guidelines for the headings to be used for the body of the paper. See the APA file in Doc Sharing for additional resources. Included in the introduction is the following:

· Purpose of assignment

· Purpose of a business plan

· PICOT clearly stated

· What will be included in the paper

 

Level 1 Paper Heading (Bold and centered)

Begin to type the body of your paper here. Use as many paragraphs as needed to cover the content appropriately. 10 items should be covered in this section

Level 2 Heading (if required) (Bold and starts at left margin)

Type additional content here.

Next Level 2 Heading

Continue to add support for your purpose.

Next Level 1 Heading

Use as many headings as necessary to organize your paper. Short papers may only have first-level headings. Longer papers may require more organizational detail. See your APA manual for instructions on formatting multiple levels of headings.

Conclusion

Papers should end with a conclusion or summary. The assignment directions will specify which is required. It should be concise and contain little or no detail. No matter how much space is left on the page, the references always start on a separate page (insert a page break). NR533 Wk7 -B Project Paper

 

Appendices

Business plan worksheet

Budget

Breakeven analysis if there is one

Other chart table referred to in the plan

References (centered, not bold)

Type your references in alphabetical order here using hanging indents. See your APA Manual and the resources in your APA folder in Resources for reference formatting.

TYPE SHORT TITLE IN ALL CAPS 2

Title in Upper and Lower Case

Your Name

Chamberlain College of Nursing

Course Number: Course Name

Term Month and Year

 

TYPE SHORT TITLE IN ALL CAPS 1

 

TYPE SHORT TITLE IN ALL CAPS 7

 

 

Your name

Your address

 

Date

Name of receiver

Address of receiver

 

Dear Mr/Ms/Dr. name

 

In the business letter one paragraph would be an overview and solution

Another paragraph would engage the reader to take action

Sincerely,

 

 

 

Your name

 

 

Executive Summary

Provide a summary of the project which contains the following: Engage the reader’s interest.

· Purpose

· Outcomes

· Marketing and financial summaries

 

Title of your Paper in Upper and Lower Case (Centered, not Bold)

This section of the paper can only be 5 pages at the most so the 7 page limit is maintained.

Type your introduction. Although the first paragraph after the paper title is the introduction, no heading labeled Introduction is used. Refer to your assignment guidelines for the headings to be used for the body of the paper. See the APA file in Doc Sharing for additional resources. Included in the introduction is the following:

· Purpose of assignment

· Purpose of a business plan

· PICOT clearly stated

· What will be included in the paper

 

Level 1 Paper Heading (Bold and centered)

Begin to type the body of your paper here. Use as many paragraphs as needed to cover the content appropriately. 10 items should be covered in this section

Level 2 Heading (if required) (Bold and starts at left margin)

Type additional content here.

Next Level 2 Heading

Continue to add support for your purpose.

Next Level 1 Heading

Use as many headings as necessary to organize your paper. Short papers may only have first-level headings. Longer papers may require more organizational detail. See your APA manual for instructions on formatting multiple levels of headings.

Conclusion

Papers should end with a conclusion or summary. The assignment directions will specify which is required. It should be concise and contain little or no detail. No matter how much space is left on the page, the references always start on a separate page (insert a page break). NR533 Wk7 -B Project Paper

 

Appendices

Business plan worksheet

Budget

Breakeven analysis if there is one

Other chart table referred to in the plan

References (centered, not bold)

Type your references in alphabetical order here using hanging indents. See your APA Manual and the resources in your APA folder in Resources for reference formatting.

BUSINESS PLAN: EBD MODEL 1

 

BUSINESS PLAN: EBD MODEL 11

 

Business Plan: EBD Model

Yahima Montero

Chamberlain College of Nursing

Course Number: NR533

February, 2020

 

 

 

 

 

Business Plan: EBD Model

Evidence-Based Design (EBD) model promotes the building of an environment that is a powerful force in inpatient care since it brings efficiency. This assignment aims at enhancing learning skills, visions, and perspectives regarding the healthcare system as well as promoting communication, expression of thoughts, and ideas on the EBD model in the healthcare environment. This aim reflects the level of understanding of the effectiveness of improved decision-making and patient education through the use of the EBD model compared to conventional approaches in reducing pain among people with diabetes though enhanced professional interactions. This business plan on the EBD model on reducing pain gives a roadmap to the model’s implementation through running an organization with a cohesive vision. It includes the project’s financial plan, breaking-even analysis, cost-benefit analysis, development, and implementation budget.

 

 

Proposal

Cover Letter

Yahima Montero

18013 SW 153 pl Miami FL 33187

 

February 20, 2020.

Name of receiver

Address of a receiver

Dear Mr./Ms./Dr.

I am glad to enclose the institution’s business plan for the EBD model project. Inside, there is adequate information about the project, a thorough opportunities assessment in reducing pain through enhanced professional interactions. The current conventional approaches used are ineffective in pain reduction, thus a need to adopt the EBD model to improve the outcomes. The project creates a blueprint for a growing diabetes treatment outcome. NR533 Wk7 -B Project Paper

The project emphasizes making things work and work well to make a difference in reducing pain. It does not matter whether the model is solving an existing problem or filling a need, building a bridge, or establishing a new system that does a job better, more comfortable, and faster. After an in-depth analysis of the project, integrating it with the current care system, enable the institution to:

· Increase diabetes intervention awareness

· Streamline approaches of reducing a burden of pain

· Target new diabetes patients, including untapped local base

· Increase efficiency in treatment

The achievement of a successful project implementation requires the institution’s management to set out the standards with which the project process can comply (ergonomics, density, and norms for health). These set standards must display clear sociotechnical regulations and principles to keep the project development and implementation process on the right track.

I look forward to working together to facilitate the implementation of the project. I would like to hear your views and respond any questions you may have concerning the EBD model project.

Thank you for your time.

Sincerely,

Yahima Montero.

 

Executive Summary

EBD model is applied in healthcare design and beyond to provide evidence in multidisciplinary practice where the design solutions have measurable outcomes. The project outcome is the reduced burden of pain among people living with diabetes. The main expectation upon the implementation of the EBD model project is the reduction of the pressure mounting on nurses and doctors in reducing pain treating diabetes. Practitioners require the academy to learn more about EBD. Stakeholders will get an exposure to various intervention approaches within and beyond this project that depends on an evidence-based approach, know any of their progress towards EBD adoption. Practitioners can determine a personal viewpoint on EBD. The project will enable dieticians, doctors, nurses, and nurse educators to identify the problem, solve the issue, generate a solution, and test theory to adequately practice an EBD-approach that leads in solutions that enhance human behavior relationships and demonstrate the design’s value. Healthcare outcomes’ improvements drive the implementation of the project. Increasingly, most of the institution’s competitors are going for EBD models to increase efficiency. The project appeals to patients with diabetes desire for reasonable costs. The projection of the EBD model project is $275, 000. NR533 Wk7 -B Project Paper

 

 

 

Abstract

Description of the Project Purpose

EBD model contains a series of guides founded on a methodological framework that provides practical guidance and assessment of approaches to reducing the burden of pain among people living with diabetes. These guides target improved decision-making and diabetes patient education and take a practical, step-by-step technique that uses evidence-based examples. With the EBD model, the estimates of reducing the burden of pain are both comparable and reliable.

The Problem and Supportive Evidence

Ineffective approached in reducing the burden of pain have led to inefficiency in health outcomes. Due to incompetence, there is an increased number of diabetes patients’ readmission, substantial costs, and a lack of prioritization of actions. Cleveland Clinic Foundation’s Avon Hospital has used the EBD model in its new patient room to improve the patient experience (Jazayeri, 2019). Improvements cover areas of safety and shortening of the length of stay.

Expected Project’s Outcome and Timeline

With the full implementation of the project, dieticians, doctors, nurses, and nurse educators can identify the problem, solve the issue, generate a solution, and test theory to adequately practice an EBD-approach. This approach leads to efficient solutions that enhance patient behavior relationships and demonstrate the design’s value. It is a seven-month project whose completion is early September 2020. NR533 Wk7 -B Project Paper

Marketing or Needs Analyses and Plans

The project focuses on meeting the demand for reducing the burden of pain among people with diabetes. In the current healthcare market, EBD is growing beyond the industry, hence a need for making critical decisions based on a data-informed approach. The diabetes care market needs a model that focuses on evident principles to measure and monitor efficiency and meeting diabetes care demand. Previous methods such as convention have not met the requirement, hence creating a business gap and opportunity for development and implementation of the EBD model to fill the gap. The project team will define, find, interpret, create, hypothesize, collect, monitor, and measure the project (Adler, 2020). In defining step, there is the establishment and articulation of a vision that defines the direction and intentions, of the project. The finding involves the identification of gap knowledge and determination of already performed projects. The research of literature will include interpretation of whether the evidence is credible and can inform the model project as well as the project’s hypotheses. After the interpretation, create steps follows and encompasses the translation of relevant evidence into the project’s guidelines for guiding the decision-making process and the creation of preliminary design concepts. In hypothesizing, predictions of the expected relationship between variables is tested as well as pointing out the direction for gathering data and analysis (Larsson, 2020). After hypothesizing, evaluation of current processes at macro levels as well as defining the EBD model’s metrics follows. Then ensuring the project’s strategies are executed as specified in project documents and comply with the outlined plan. The last method is measuring in which project manager tracks changes and makes essential adjustments for achieving the overall project goal.

Project and an Organization’s Mission

The institution’s mission is to inspire hope and impact health by offering the best healthcare to patients; the EBD model works at integrating clinical practice, education, and research to realize this mission. The current institution’s services aim at reducing cardiovascular risk resulting from diabetes. Services include addressing blood pressure, lipid control, combating smoking, managing weight, and physical activity. NR533 Wk7 -B Project Paper

Financial Plan

The project covers these services for further improvements. The project needs $275,000 to finance the development and implementation steps. The raise of this amount involves one-year loan of $175,000 from SQD bank. A budget for contracting experts (2), consultants (1), paying staff (dieticians, nurse educators, nurses, doctors), and procuring essential equipment and tools for project development and implementation.

Financial Impact on Stakeholders

The organization will witness reduced revenues since most of the money funds the project processes, such as hiring experts and consultants. Patients will have lowered costs since the project aims at introducing efficiencies. Efficiency in healthcare reduces cost reduction since patients will no longer pay more for more extended stays. As a result of increased improved decision-making and patient education, better services mean patient visits go down as well as minimized emergency department admissions. So, the expenditure in the Unit of Service decreases (Currivan, Takeshita, Goebert, & Fleming, 2019). The community benefits from increased income since crucial stakeholders such as consultants and expertise come from the community members. Also, the community sells material, tools, and equipment for use in project development and implementation. NR533 Wk7 -B Project Paper

Break-even Analysis and Cost-Benefit Analysis

At some point, the project will have its total fixed and variable cost equal to total revenues (Richards, 2020). This point means the project will not bring either profits or losses in the organization; hence there is an easy determination of the required units to cover fixed and variable expenses resulting from the project. Project’s 10,000 units will bring a break-even point at $120,000. In a cost-benefit analysis, the project will have a sum of benefits totaling $290,00 with a sum of costs of $272,500.

Appendices

1. Break-even analysis graph of EBD model

2. Cost-Benefit analysis of EBD model

 

 

3. Budget

Initial Phase	Facilitator	Budgeted hours	Actual hours	Total budgeted ($)	Actual expenditures ($)
Research draft	Project Manager	18	25	1,500	1,650
Consultations	Project Manager	7	9	1,000	1,300
Project Proposal preparation	Department Head	48	51	30,000	33,500
Contract expertise	Project Manager			80,000	75,000
Unexpected Costs					2,000
Subtotal		112,500	113,450
Definition Phase
Consultation with end users	Project Manager	8	7	800	790
Catering for meetings				1,200	1,300
Unexpected costs					650
Subtotal		2,000	2,740
Development Phase
Travel costs				5,000	7,500
Material costs				3,500	4,000
Project management				1,000	1, 250
Elaborating schedules				850	900
Unexpected costs					240
Subtotal		10,350	13,890
Implementation Phase
Travel costs				1,500	1,400
Operations (dieticians, nurses, doctors, and nurse educators)				98,000	120,000
Project management					1,420
Unexpected costs					100
Subtotal		99,500	122,920
Grand total	$224,350	$253,000

 

4. Timeline

Week	1	2	3	4	5	6	7	8	9	10
Starting	Feb 20	Feb 27	March 5	April 12	March 19	June 10	July 21	August 4	September 1	September 7
Phase One		Project plan
			Plan review
Phase Two				Draft requirement
					Test plan
						Acceptance Test plan
Phase Three							Design specification
								Define project guidelines
									Plan review and approval

 

5. Business Plan Worksheet

PROJECT DEVELOPER:

PROJECT TITLE: EBD MODEL

PICOT QUESTION: In patients with Diabetes, is there reported improved decision-making and patient education when using the EBD model compared to conventional approaches in reducing the burden of pain through enhanced professional interactions?

EXECUTIVE SUMMARY:

PROJECT DESCRIPTION:

IMPLICATIONS FOR ORGANIZATIONAL MISSION: (how does the project align with and enhance the organization stated mission and strategic goals)

IMPLICATIONS FOR STAKEHOLDERS:

MARKET ANALYSIS: (market defined, the impact of the project on the market; the forecasted contribution of the project to market share, demographics, utilization rates, any competitors for the service, clinical/tech advances; anything that might affect demand)

Target population:

Market size:

Payer considerations:

Competitive factors:

Projected volumes

OPERATIONS: potential impact on clinical and service quality

Location of and space for service

Management structure

Staffing

Equipment

MARKETING PLAN:

At least two marketing strategies (external- and internal- building awareness; physician-directed; targeted consumers

INSTITUTIONAL BRAND IMPACT:

FINANCIAL ANALYSIS:

Capital Costs

Operational Costs

Payer type/payer mix

Break-even analysis and Cost/benefit ratio

REQUIREMENTS FOR PROJECT:

Launch/implementation timeline

Facility requirements

Informatics requirements

Medical staff requirements

Staff requirements

Regulatory Hurdles

Payer contracting needs

FEASIBILITY:

Risk Assessment: SWOT analysis

Launch/Implementation challenges

Conclusion

The plan covers the prevalent issue in reducing pain and explores the EBD model as a practical approach for improved decision-making and patient education compared to a conventional method. The project identifies the problem as inefficiency in reducing the burden of pain among patients with diabetes while offering the implementation of the model as a solution to improved healthcare outcomes. The plan identifies critical inputs for project development and implementation, such as consultants, experts, nurses, nurse educators, dieticians, and doctors, together with the budget for the entire project. The availability of dieticians, nurses, and doctors form the strengths of the plan. On the other hand, external consultants and experts for project development are crucial opportunities for the program. The plan for seeking project approval starts with a request letter for approval, then submission of pre-view to the management. Once the accepted pre-view is approved, the presentation of the final review follows. NR533 Wk7 -B Project Paper

 

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