develop a budget workbook for your proposed healthcare product or service and provide a summary of your budget analysis and interpretation of results for your proposal.

Achievement vs. Mastery of the Competency

• Mastery of this Competency means that 80% or more of the rows have been assessed as Exceeds Expectations and no rows have been assessed as Does Not Meet Expectations.
• Achievement of this Competency means that all rows are assessed at Meets Expectations or above (but lower than the 80% threshold required for Mastery).

Assessment of Individual Rubric Rows

In order to achieve Meets Expectations for a particular row of the rubric, you must have adequately completed all criteria in that row. This means that you have addressed all required elements to the required level of quantity and/or quality.

In order to achieve Exceeds Expectations for a particular row of the rubric, you must have adequately completed all criteria in the row, and in addition, your response must reflect a depth and breadth of knowledge and expertise. Examples of this include—but are not limited to—the following:

• You provide additional, specific, and/or particularly relevant examples to illustrate points made.
• You seamlessly incorporate your original thoughts and diverse, credible, and relevant academic sources, when applicable, to express your viewpoint or develop a persuasive argument.
• You demonstrate a deeper understanding of the subject that draws from discipline-specific knowledge and theory and incorporates the viewpoints of a diverse set of business and management thought leaders.
• You draw additional connections between multiple, complex topics to support your explanations.
• You are able to apply your knowledge in unique, creative, and/or innovative ways.
• You thoroughly break down concepts into simpler parts and use your understanding of business to make connections.
• Your analysis is insightful and original.
• You design processes, products, and/or solutions that are creative, high-quality, and innovative.
• You consider diverse perspectives and relevant social, ethical, and business-related issues when proposing new ideas or formulating judgments.

• Open your Healthcare Budget Requestworkbook and navigate to the “Product/Service Budget” worksheet. Using the Healthcare Budget Request Workbook Step-by-Step Guide for guidance, review the section titled “FE003: Budget Development and Analysis” and then, complete the section titled “FE003 Assessment: Budget Development and Analysis” in which you will create a 5-year budget for the healthcare product or service you are proposing that records the associated projected expenses and revenues. Be sure to include startup and operating expenses in your budget, as well as nursing care expenses and revenues that connect with the healthcare product or service you are proposing. 
• Calculate the budget ratios as directed in the Healthcare Budget Request Workbook Step-by-Step Guide.
• Create the budget graph as directed in the Healthcare Budget Request Workbook Step-by-Step Guide.

Using the Healthcare Budget Request Template, create a brief (1- to 2-page) description of your budget and analysis that clearly describes the budget.

• Over the course of 5 years, is there an estimated surplus or deficit?
• What percentages of the budget are dedicated to various categories you have defined, such as startup costs, etc.?
• How does nursing care contribute to both the revenues and expenses for the proposed healthcare product or service?
• What does this budget mean for your organization?