capital equipment cost justification

22Jan 2022 by

In this assignment, you will identify a major piece of equipment, addition of technology, or physical change to the environment  needed to improve patient care. You will compose a paper and complete a sample budget sheet to submit for this assignment. Include the following items in your paper:
Executive summary (estimated 1 page; helpful hint – this is easiest to write as the last item)

Concisely explain the purpose or scope of the proposal.
Identify all equipment and personnel involved. Consider the stakeholders who are directly and indirectly impacted by the approval of this project.
Describe the return on investment the company can expect in financial and/or non-financial aspects.

Background

What issue are we solving?

Identify the main  issue or opportunity the proposal is addressing using data where possible (e.g., delays, decreased productivity, increased waste).
Describe the impact this issue has on patient care.
State how your proposed solution will address the issue or opportunity and how it aligns with the organization’s strategic priorities.

What do we need to complete the project?

What are the technical specifications needed to implement the solution?
Why is this the most cost-effective solution—short term, and long run?
Describe your research process that led  you to this particular solution.

What can we expect during and after project?

Summarize the timeline and personnel involvement for rollout.
Characterize how patient care will be affected during rollout.
Illustrate patient care after solution is in place.

Ideal Outcome

How and when will the company experience the benefits of the project?
What tangibles will the company gain from this proposal?
Describe potential implications of a successful project for other areas of patient care.

Potential Risks

Characterize the likelihood for the worst-case scenario.
Set real, accurate expectations for any downtime or disruption.
Show an emergency backup plan preventing downtime or disruption should it occur.

Alternatives

What are other solutions that you considered?
How is the proposed solution better?

Your paper without the spreadsheet should be 4 pages plus the  title page. References are not required.
Once you have completed your paper, download and complete the  for your piece of proposed equipment. Be sure to input information into all columns of the Parts and Equipment section, the Labor Costs section, and the total.
Be sure to submit both your paper and budget sheet files for this assignment.
(USLO 3.2)

Rubric

Capital Equipment Cost Justification Rubric

Capital Equipment Cost Justification Rubric

Criteria
Ratings
Pts

This criterion is linked to a Learning OutcomeExecutive Summary
(1) Neatly explain the purpose or scope of the proposal.(2) Identify the equipment and personnel involved.(3) Characterize the return on investment the company can expect from the project.

20 pts
Exceptional
Paper thoroughly addresses all three criteria for the executive summary.

15 pts
Effective
Paper somewhat thoroughly addresses all three criteria for the executive summary. Or paper only addresses two of the three criteria for the executive summary.

10 pts
Developing
Paper’s executive summary lacks depth and detail in its coverage of the three criteria for the executive summary. Or paper only addresses one of the three criteria for the executive summary.

0 pts
Unacceptable
Paper does not include an executive summary. Or the executive summary does not address the three required criteria. Or assignment was not submitted.

20 pts

This criterion is linked to a Learning OutcomeBackground
(1) Discuss what we are solving or pursuing.(2) Discuss what we need to complete the project.(3) Discuss what we can expect during and after project.

20 pts
Exceptional
Paper thoroughly discusses all three criteria for the background section.

15 pts
Effective
Paper somewhat thoroughly discusses all three criteria for the background section. Or paper only discusses two of the three criteria for the background section.

10 pts
Developing
Paper lacks depth and detail in its coverage of the three criteria for the background section. Or paper only addresses one of the three criteria for the background section.

0 pts
Unacceptable
Paper does not include a background section. Or the background section does not address the three required criteria. Or assignment was not submitted.

20 pts

This criterion is linked to a Learning OutcomeIdeal Outcome
(1) Discuss how and when the company will experience the benefits of the project.(2) Discuss the tangibles the company will gain from this proposal.(3) Discuss the takeaways from the project.

10 pts
Exceptional
Paper thoroughly discusses all three criteria for the ideal outcome section.

7 pts
Effective
Paper somewhat thoroughly discusses all three criteria for the ideal outcome section. Or paper only discusses two of the three criteria for the ideal outcome section.

4 pts
Developing
Paper lacks depth and detail in its coverage of the three criteria for the ideal outcome section. Or paper only addresses one of the three criteria for the ideal outcome section.

0 pts
Unacceptable
Paper does not include an ideal outcome section. Or the ideal outcome section does not address the three required criteria. Or assignment was not submitted.

10 pts

This criterion is linked to a Learning OutcomePotential Risks
(1) Characterize the likelihood for the worst-case scenario.(2) Set real, accurate expectations for any downtime or disruption.(3) Show an emergency backup plan preventing downtime or disruption should it occur.

10 pts
Exceptional
Paper thoroughly addresses all three criteria for the potential risks section.

7 pts
Effective
Paper somewhat thoroughly addresses all three criteria for the potential risks section. Or paper only discusses two of the three criteria for the potential risks section.

4 pts
Developing
Paper lacks depth and detail in its coverage of the three criteria for the potential risks section. Or paper only addresses one of the three criteria for the potential risks section.

0 pts
Unacceptable
Paper does not include a potential risks section. Or the potential risks section does not address the three required criteria. Or assignment was not submitted.

10 pts

This criterion is linked to a Learning OutcomeAlternatives
(1) Discuss other solutions that you considered.(2) Discuss how the proposed solution is better.

10 pts
Exceptional
Paper thoroughly discusses both criteria for the alternatives section.

6 pts
Effective
Paper somewhat thoroughly discusses both criteria for the alternatives section. Or paper only discusses one of the two criteria for the alternatives section.

0 pts
Unacceptable
Paper does not include an alternatives section. Or the alternatives section does not address the two required criteria. Or assignment was not submitted.

10 pts

This criterion is linked to a Learning OutcomeSample Budget Sheet

10 pts
Exceptional
Sample budget sheet is complete with relevant and accurate data.

6 pts
Effective
Sample budget sheet is mostly complete with relevant and accurate data.

0 pts
Unacceptable
Sample budget sheet is not complete with relevant and accurate data. Or assignment was not submitted.

10 pts

This criterion is linked to a Learning OutcomeGrammar & Mechanics

10 pts
Exceptional
There are 2 or fewer errors related to spelling, grammar, mechanics, word usage, and punctuation.

7 pts
Effective
There are 3-4 errors related to spelling, grammar, mechanics, word usage, and punctuation.

5 pts
Developing
There are 5-6 errors related to spelling, grammar, mechanics, word usage, and punctuation.

0 pts
Unacceptable
There are 7 or more errors related to spelling, grammar, mechanics, word usage, and punctuation. Or assignment was not submitted.

10 pts

This criterion is linked to a Learning OutcomeAPA
Paper Formatting and Title Page

5 pts
Exceptional
There are no errors related to the required APA criteria.

3 pts
Effective
There are 1-2 errors related to the required APA criteria.

2 pts
Developing
There are 3-4 errors related to the required APA criteria.

0 pts
Unacceptable
There are 5 or more errors related to the required APA criteria. Or assignment was not submitted.

5 pts

This criterion is linked to a Learning OutcomePaper Length

5 pts
Exceptional
Submission meets the 4-page length requirement excluding the title page.

0 pts
Unacceptable
Submission does not adhere to the 4-page length requirement excluding the title page. Or assignment was not submitted.u