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IHP 450 Milestone Three Short Paper Guidelines and Rubric

Prompt: After reviewing your proposal outline, your boss has strongly recommended that you identify options for implementing your capital proposal. Wanting to submit a successful proposal and earn a $2,500 bonus, you plan to do just that. Previously, you created a departmental budget that considered the costs and revenue associated with your capital budget item. For Milestone Three, you’ll go one step further and research the options for implementing your capital budget item(s). This research will culminate in a short paper identifying the capital item(s) you are proposing, describing:

I. Impacts and Justification A. Short-Term Impact: What short-term impact will this request have on the overall financial statements used for decision making and on financial

planning? B. Long-Term Impact: What long-term impact will this request have on the overall financial statements used for decision making and on financial

planning? C. Cost-Benefit: What is the percentage increase in financial need? How does this balance with the potential value added by your requests? What is

the cost-benefit of these requests? D. Strategic Planning: Provide an explanation for each budget request in your proposal, taking into consideration strategic plans. How do your

budget requests show strategic planning and forethought? E. Conflicts: Describe the strategic impact and any potential ways in which your recommendations might conflict with the overall strategic vision.

When discussing the benefits, indicate whether your proposal will affect each of the key healthcare operating indicators and why the proposal will or will not have that affect. Requirements of submission: Your paper must be submitted as a two- to three-page document with double spacing, 12-point Times New Roman font, one-inch margins, using APA for citations.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value Impacts and

Justification: Short- Term Impact

Logically determines the short- term impact of the proposal on the financial statements and organizational financial planning

Determines the short-term impact of the proposal on the financial statements and organizational financial planning, but with gaps in logic

Does not determine the short- term impact of the proposal on the financial statements and organizational financial planning

18

Impacts and Justification: Long-

Term Impact

Logically determines the long- term impact of the proposal on the financial statements and organizational financial planning

Determines the long-term impact of the proposal on the financial statements and organizational financial planning, but with gaps in logic

Does not determine the long- term impact of the proposal on the financial statements and organizational financial planning

18

Impacts and Justification: Cost-

Benefit

Determines the cost-benefit of the proposal based on detailed analysis of financial information and potential value added

Determines the cost-benefit of the proposal, but not based on analysis, or analysis of financial information and potential value added is not detailed

Does not determine the cost- benefit of the proposal

18

Impacts and Justification: Strategic

Planning

Reflects thoroughly upon and explains in detail how the budget proposal evidences strategic planning and forethought

Reflects upon and explains how the budget proposal evidences strategic planning and forethought, but reflection lacks comprehensive attention or explanation lacks detail

Does not reflect upon and explain how the budget proposal evidences strategic planning and forethought

18

Impacts and Justification: Conflicts

Accurately describes the strategic impact of the proposal and identifies logical, potential conflicts with the overall strategic vision of the organization

Describes the strategic impact of the proposal and identifies potential conflicts with the overall strategic vision of the organization, but with gaps in accuracy or logic

Does not describe the strategic impact of the proposal nor identify potential conflicts with the overall strategic vision of the organization

18

Articulation of Response

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Total 100%