NURS FPX 6216 Assessment 4 Preparing and Managing a Capital Budget
\This project will reduce the staff turnover rate, as the staff members will feel motivated and productive while working in a comfortable ambiance, and they will be delivering quality care services to the patients in return as well. Motivated employees tend to stay loyal to their organization (Petrova et al., 2020). Delivery of quality care services tends to attract patients to the organization and hence results in the organization’s benefits (Manzoor et al., 2019). A motivated employee tends to enhance employee satisfaction and productivity (Mugira, 2022). Motivated employees will help attain the organization’s outcomes through their quality services.
Knowledge Gaps
NURS FPX 6216 Assessment 4 Preparing and Managing a Capital Budget
The project aims to improve the aesthetics and ambiance of the hospital lounge area by doing a renovation, however, there are a few uncertainties associated with this project, as the organization is expecting that the employees will feel motivated and productive after bringing this new change in the environment of the hospital, but the outcome might be different, as the organization is not assured that the employee’s productivity will be enhanced after the completion of this project.
Conclusion
NURS FPX 6216 Assessment 4 Preparing and Managing a Capital Budget
The revenue projects consider the depreciation aspects of machinery, furniture, and other equipment in the lounge
Capital acquisition generally refers to how an organization acquires an asset for the business purpose including; building, expanding, and purchasing a business. The assets in the capital acquisition primarily include inventory, equipment, etc. The aim of acquiring capital is to expand the business, meanwhile focusing on generating overall profits. The capital acquisition is essential for the business to achieve success and growth. This project will reduce the staff turnover rate, as the staff members will feel motivated and productive while working in a comfortable ambiance, and they will be delivering quality care services to the patients in return as well. Motivated employees will help attain the organization’s outcomes through their quality services.