Discuss the purpose and steps involved in creating a capital budget.
Review each step in the budget process: preparation, form completion, and revise/resubmit. Discuss the purpose of and steps involved in creating a capital budget. Explain the two parts of an operating budget: personnel budget and other expenses. Should nurses be involved in the budgetary process? If so, why and at which (or all) stages of the budgetary process? Discuss the challenges and benefits entailed by engaging a multigenerational workforce in nursing. What are some ways that metrics can specify the impact on nurse-sensitive indicators to further validate the significant role that nurses play in improving the health status of patients?