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NURSING LEADERSHIP > CHAPTER 5 > Flashcards

CHAPTER 5 Flashcards

1
Q

What is planning in nursing management?

A

continuous process of assessing and
establishing goals and objectives and implementing
and evaluating and controlling them.

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2
Q

What is the purpose of planning in nursing
management?

A

-to increase the chance of success by focusing on
results.
-to force analytic thinking
and evaluation of alternatives, therefore improving
decisions, and
-to orient people to action, instead of
reaction.

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3
Q

What are the types of plans in nursing
management?

A

strategic plan, operating plan, and continuous or rolling plan

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4
Q

What is the principle of planning in nursing management?

A

based on the vision, mission, philosophy, and clearly defined objectives of the organization, is
a continuous process, and should be pervasive within the entire organization covering the different departments, services, and the different levels of
management.

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5
Q

What are the characteristics of a good plan?

A

A well-developed plan should be precise, guided by
policies and procedures, indicate priorities, develop
flexible and realistic actions, include a logical
sequence of activities, utilize practical methods, and
pervade the whole organization.

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5
Q

What is the importance of a positive work environment in planning?

A

promotes good
working relationships and leads towards the
achievement of identified goals.

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6
Q

What is the importance of a time-bound plan?

A

ensures that the plan is
completed within a specific timeframe and helps to
keep the plan on track.

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6
Q

What are the elements of planning?

A

-forecasting the
future
-Setting the Vision, Mission, Philosophy, Goals and Objectives
-Developing a scheduling programs/projects/activities, set the time frame

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7
Q

What is the first element of planning according to
the provided text?

A

forecast the
future.

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7
Q

What is forecasting in the context of planning?

A

Forecasting is looking into the future and deciding in advance where the agency would like to be and what is to be done in order to get there.

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8
Q

What is the importance of documenting a plan?

A

Documenting a plan ensures proper dissemination
to all concerned for implementation and evaluation.

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8
Q

What is the fourth characteristic of a good plan
according to the provided text?

A

it should be realistic and focus on its expected outcome.

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8
Q

Forecasting is looking into the future and deciding in
advance where the agency would like to be and
what is to be done in order to get there.

A

vision statement

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9
Q

What is a mission statement?

A

A mission statement is a pre-established and often
self-imposed objective or purpose.

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10
Q

What is a philosophy statement?

A

statement of beliefs
and values that directs one’s practice, giving direction towards attainment of a certain goal.

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10
Q

What is an objective?

A

desired short-term
condition or achievement, with measurable end
result to be accomplished by specific terms or
individual with a time limit.

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11
Q

What is a goal?

A

desired aim or condition towards which
one is willing to work

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11
Q

What is the first principle of time management?

A

The first principle of time management is planning
for contingencies, which involves thinking of other
options.

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11
Q

What is multitasking?

A

Multitasking is when several tasks are done in less
time.

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12
Q

What is time management in the context of planning?

A

allocating of one’s time
through setting goals, assigning priorities,
identifying and eliminating wasted time, and using
managerial techniques.

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12
Q

What is nursing budget?

A

allocation of resources for
nursing programs and the delivery of patient care.

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12
Q

What is budgeting?

A

systematic financial translation of a
plan and a tool for planning, monitoring, and
controlling cost and meeting expenses.

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13
Q

What is a revenue budget?

A

the income the management
expects to generate during the planning period.

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13
Q

What is the purpose of a hospital budget?

A

to meet future
service expectations for clients and provide patient
care at minimum cost.

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14
Q

What is an expense budget?

A

Expected activity in operational financial terms in a
given period of time.

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14
Q

What is an expense budget?

A

expected activity in
operational financial planning.

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14
Q

What is a budget?

A

The income the management expects to generate
during the planning period.

14
Q

What is a cash budget?

A

Money received, cash receipt and disbursement
during the planning period.

15
Q

What is a capital budget?

A

Program acquisition, disposal and improvements in
the institutions physical capacity.

16
Q

What is an operating budget?

A

A budget that portrays a company’s expenses,
expected costs, and estimated income, considering
the quarterly or the annual performance.

16
Q

What is a cash budget used for?

A

Estimation of the cash flows of a business over a
specific period of time.

17
Q

What is a personnel budget?

A

A budget for nursing personnel that is based on
quantitative workload measurements such as a
patient acuity system.

17
Q

What is included in an employee-related expenses
budget?

A

Salary and bonuses.

17
Q

What is a supplies and equipment budget?

A

A budget that includes expenses related to
equipment and supplies.

17
Q

What does a personnel budget include?

A

All employee-related expenses, including salary and
bonuses.

18
Q

What is equipment in a business often referred to
as?

A

Tangible property.

19
Q

What is the purpose of a capital budget?

A

To allocate money for the acquisition or
maintenance of fixed assets such as land, buildings,
and equipment.

20
Q

What does a capital budget project?

A

The planned costs of major purchases and
investments.

21
Q

What is the first use of a budget?

A

Planning for the future.

22
Q

What role does a budget serve in monitoring
resource use and measuring a manager’s
performance?

A

An important role.

23
Q

What must be in place for a budget to be an
effective motivational tool for managers?

A

Some type of reward for those who exceed
expectations in planning.

24
Q

What is a nursing budget?

A

A nursing budget is a systematic plan that is an
informed best estimate by nurse administrators of
revenues and nursing expenses.

25
Q

What are the three purposes of a nursing budget?

A
  • to plan the objectives, programs, and activities of nursing services and the fiscal resources needed to
    accomplish them.
    -to motivate nursing workers through analysis of actual experience.
    -to serve as a standard to evaluate the performance of nurse administrators and managers and to increase
    awareness of costs.
26
Q

What are the stages of budget formulation?

A

Formulation stage
Review and Enactment Stage
Execution Stage

27
Q

What is the purpose of the review and enactment
stage of budgeting?

A

to review and approve the budget
before it is implemented.

28
Q

What are the three steps involved in formulation stage?

A

Develop objectives and management plans, gather
all financial, historical, and statistical data, and
analyze data.

29
Q

What are the six steps involved in the Review and
Enactment Stage of budgeting?

A

Prepare unit budget, present unit budgets for
approval, revise and combine into organizational
budget, present to budget council, revise and
present to governing board, revise and distribute to
cost-centered manager.

30
Q

What are the two steps involved in the Execution
Stage of budgeting?

A

Direct and evaluate expenses and receipts, revise
budget if indicated.

30
Q

What are Fixed Costs?

A

costs or expenses that are not
affected by any decrease or increase in the number
of units produced or sold.

31
Q

What are Variable Costs?

A

production costs that change in
proportion to the amount of goods that are produced.

31
Q

What are Sunk Costs?

A

fixed expenses that cannot be
recovered even if a program is cancelled.

31
Q

What are Direct Costs?

A

costs of providing the product
or service and are often considered to be the most
significant costs.

31
Q

What are policies in healthcare?

A

standing plans used repeatedly, or
guides or basic rules that govern action at all levels
in the organization.

32
Q

What are direct costs in healthcare?

A

costs of providing the product or
service and are often considered to be those
directly related to patient care, such as personnel
costs and the variable cost of supplies.

32
Q

What is the importance of developing a time table in
a strategic plan?

A

helps to ensure that each
objective is accomplished within a specified
timeframe.

32
Q

What are standards in healthcare?

A

Standards are the minimal level of achievement
acceptable to meet the set objectives.

32
Q

What are indirect costs in healthcare?

A

expenses that cannot be traced
back to a single cost object or cost source during
the manufacturing process.

33
Q

What are procedures in healthcare?

A

specific guides to action.

33
Q
A
33
Q

What are the stages of planning in healthcare?

A

The stages of planning in healthcare are the
development of the purpose or mission -vision
statement, the creed or philosophy, goals, and
objectives, and the assessment of strengths
(opportunities and threats in achieving the goal.

33
Q

What are the components of a strategic plan?

A

The components of a strategic plan include a vision
statement, the creed or philosophy, goals, and
objectives.

34
Q

What is the purpose of assessing strengths in a
strategic plan?

A

The purpose of assessing strengths is to identify
opportunities and threats in achieving the goal and
objective of the organization.

34
Q

What is the first step in formulating a strategic plan?

A

The first step in formulating a strategic plan is to
create a realistic and general statement of goals.

34
Q

What is the next step after formulating goals in a
strategic plan?

A

The next step is to identify strategies to achieve the
specified goals.

35
Q

What is the purpose of providing guidelines for
developing operational and functional plans in a
strategic plan?

A

The purpose of providing guidelines is to ensure
that the operational and functional plans align with
the overall strategic plan.

36
Q

What is the final step in a strategic plan?

A

The final step is to put the plans into action and
implement them.

36
Q

Why is formative evaluation important in a strategic
plan?

A

Formative evaluation provides reports before,
during, and after the plan is implemented to ensure
that it is on track and to make any necessary
adjustments.

NURSING LEADERSHIP (2 decks)

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