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Nurs Fpx 6216 Assessment 4. Preparing and Managing a Capital Budget

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Prepare a 4-5 page capital budget for a major capital acquisition

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September 4, 2024
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June, 2024
NURSFPX 6216 Assessment 4

, Description Of The Capital Acquisition

The capital acquisition plan for the step-down unit is to renovate the nurses’ lounge since

the satisfaction and morale of the nurses are low. This investment is based on findings that have

shown that work environment influences staff productivity and job satisfaction in a health

facility (Zhenjing et al., 2022). The unit manager plans to update the lounge to provide a more

comfortable and motivating environment so that the nurses can rest during their breaks and feel

valued as a team. The budget will be used for refurbishment expenses, which includes

construction, interior designs and furniture to enhance staff satisfaction and staff turnover rates.

The plan is predicated on the understanding that enhancement of the nurses’ lounge will

correspond with a rise in the satisfaction and morale of the nurses, resulting in increased

profitability (Thuy et al., 2020). It is also believed that enhancing the work environment will help

to decrease the turnover rates and attract new employees. In conclusion, the unit manager expects

this quality improvement investment to result in high long-term returns in terms of staff turnover,

patient care, and the performance of the unit.

Rationale For The Capital Acquisition

The rationale for the capital acquisition to renovate the nurses’ lounge lies in several

crucial issues affecting the step-down unit. Firstly, there has been high turnover of nursing staff

mainly due to low satisfaction and morale which has been revealed through interviews and

patients’ feedback. It is important to address these problems to maintain a stable work force in

order to continue providing good care. Research indicates that work environment has a causal

relationship with staff satisfaction and staff productivity that can lead to better patient outcomes

(Shaikh, 2023).

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