Program budgeting and financial Analysis
Budget Now that you have established some of the pivotal elements of your program plan through previous Assignments, it is important to evaluate the costs and value of your intended intervention. This week you focus specifically on applying budgeting concepts to an analysis of your program. A budget can be viewed as a financial plan for carrying out a program’s goals and objectives. It can also be a useful tool during planning for revealing potential adjustments that may need to be made immediately or in the future. As William Feather once humorously remarked, “A budget tells us what we can’t afford, but it doesn’t keep us from buying it.” As you begin working on Assignment 3, think about how the information convened for this assignment would guide your aims and strategies for implementation of your program.
Program budgeting and financial Analysis
- Review the budgeting-related concepts presented in the Learning Resources, particularly Chapter 11 of Designing and Managing Programs.
- Conduct research as needed regarding budgeting. For example, see the information presented on the U.S. Small Business Administration website, which includes a section on preparing your finances. With this as a guide, develop a simple revenue and expense budget for 6 months from start-up of your program and develop a break-even analysis.
- Complete a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to.
- Explain any variance from the budget that is not budget neutral.
Financial Analysis:
Program budgeting and financial Analysis
How can you assess the financial viability and merit of your program? What indications will inform you and others whether your financial strategies are likely to result in positive health outcomes for the population? This week you continue to develop Assignment 3, applying the principles of cost-effectiveness, cost-utility, and cost-benefit to your program design process. To prepare for this week’s section of Assignment 3:- Review the information presented in the Learning Resources.
- Apply the use of cost-effectiveness, cost-utility, or cost-benefit to your program design to determine whether the monies put into your program will result in positive health outcomes for the population.
To complete: Program budgeting and financial Analysis
Write a 3- to 5-page paper* that address the following: Budget (developed in Week 7)- Develop a simple revenue and expense budget for 6 months from start-up and develop a break-even analysis.
- Articulate a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to.
- Explain any variance from the budget that is not budget neutral.
- Articulate whether the monies put into the program will result in positive health outcomes for the population (resulting from your application of the use of cost-effectiveness, cost-utility, or cost-benefit to the program design process).