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NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and Business Plans – ‘Oh My!’ $10.99   Add to cart

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NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and Business Plans – ‘Oh My!’

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NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and Business Plans – ‘Oh My!’ NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and Business Plans-“Oh my!” EXPERIENCE Prior to this course, I had minimal knowledge and skills in light of financial management and budgeting in imp...

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  • March 24, 2022
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  • 2021/2022
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  • Nurse jolly
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NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and
Business Plans – ‘Oh My!’

NR 533 Week 8 Touchpoint Reflection: Finance, Budgets, and Business Plans-“Oh my!”

EXPERIENCE

Prior to this course, I had minimal knowledge and skills in light of financial management and

budgeting in implementation of organizational change and business plan. Today, I can

confidently say that I have gained extensive knowledge in key areas of finance and budget

management. I have registered a number of strengths and weakness regarding business plan and

financial management and budgeting that I hope to improve in order to deliver an excellent

project proposal that will not only improve healthcare delivery but equally save the organization

more money.

REFLECTION: The Strengths and Weaknesses to the Business Plan for Final Proposal

The strengths acquired include the ability to establish and match the business plan to the

organizational philosophy, mission, vision and strategic plans. In addition, I have expertise in

strengths, weaknesses, opportunities, threats (SWOT) analysis which is very crucial in

developing, building and maintaining business plan. In addition, I have extensive knowledge and

skills in cost-benefit analysis (CBA). According to Alviniussen and Jankensgard (2015), CBA is

very essential in projecting the profitability of a change project. A further strength is organization

of finances available for the project development. My noted weakness in business plan is

revenue projections for plan. I will improve on my weakness by working tirelessly on advance

my expertise in revenue projections through intensive research and consultations.

REFLECTION: Areas of Strength and Weakness Related to Financial and Budgeting

Principles

Among the areas of strength is team work and consultation. I have excellent skills in splitting

and allocating various tasks involved in project proposal development. I doing this, I recognize


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