NURS FPX 6216 – Assessment 4 Preparing and Managing a Capital Budget Preparing and Managing a Capital Budget Capital acquisition

NURS FPX 6216 – Assessment 4 Preparing and Managing a Capital Budget

Creating and managing a capital budget by acquiring capital to expand a health care organization and its units or department is critical in positive growth. The process includes acquiring finances, analyzing assets, and creating a strategic plan to acquire resources and assets (Kengatharan, 2018). The purpose of this paper is to create a capital acquisition budget for renovating a nurses’ lounge in a 50-bed, step-down unit to reduce turnover rate and increase nurse satisfaction. The scope of renovation includes better opportunities for health care to retain employees, reduce burnout and stress, increase comfort, aesthetics, capacity, and amenities to increase quality care and patient satisfaction (Salmela et al., 2020). 

Look of renovated lounge

It is important to place and expand the lounge near the restroom, clear routing passages, and critical units to increase quick access (San Martin et al., 2020). The lounge will include a cafeteria, game room, aroma and other therapy room, power nap rooms with sound and light control, comfortable sofas and chairs, pleasing to eye wall scenery, television, and food station (Salmela et al., 2020). 

Timeline for the project, accuracy and complete description of the renovation

The process will not cross a six months deadline as it includes 3 months for expansion and construction of lounge, one month for interior designing, and one month for acquiring different materials including beds, chairs, and equipment, and 15 days to install, arrange, and redesign the place aesthetics if necessary. The budget will be followed to accurately implement the design including visual, aural, and other positive simulation designs (Nejati et al., 2016). The lounge should look as it is planned where the renovation should not affect the normal operations of other units (Salmela et al., 2020). For time-being different restroom and lounge area was created.