Chapter 5 Flashcards

(51 cards)

1
Q

Continuous process of assessing and establishing goals and obj. And implementing and evaluating and controlling them

A

Planning

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2
Q

Subject to change as new facts are known

A

Planning

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3
Q

Deciding in advance what to do, how to do a particular task, when to do it, and who is to do it

A

Planning

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4
Q

Types of plan

A

S- strategic plan
O- operating plan
C- continuous or rolling plan

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5
Q
  • Usually prepared by the upper levels of management.
  • BASIS FOR OPERATIONAL PLAN
A

Strategic plan

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6
Q
  • act. In specific departments of an org.
  • deals w/ tactics or techniques for accomplishing things
A

Operating plan

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7
Q

Mapping day-to-day act.

A

Continuous or rolling plan

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8
Q

Purposes of planning

A
  • increase chance of success by focusing in results
  • force analytic thinking and eval. Of alternatives, therefore improving decisions
  • orient people to act. Instead of reaction
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9
Q

Principles of planning

A
  • based on the vision, mission, philo, and clearly obj of org
  • continuous process
  • pervasive within the entire org covering the diff departments
  • utilizes all available resources
  • precise in its scope and nature, realistic and focused on its expected outcome
  • time bound
  • documented for proper dissemination
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10
Q

Characteristics of a good plan

A
  • precise, w/ clear obj, w/ desired results and methods for eval.
  • guide by policies or procedure
  • indicates priorities
  • dev. Actions that are flexible and realistic
  • include most practical methods
  • pervade while org.
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11
Q

Effectiveness of a plan:

A
  • enhanced by the environment in which the nursing personnel work
    • climate promotes good working rel. and leads toward achievement of identified goals
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12
Q

Elements of planning

A

F- forecasting
S- setting vision, mission, philosophy, goals, and objectives
D- developing and scheduling programs/projects/activities, set time frame
P- prepare budget and allocation resources
E- establish policies, procedure, and standards

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13
Q

Looking into the future and decide in advance where the agency would like to be done in order to get there

A

Forecasting

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14
Q

It outlines the org. Future role and fnx. It gives the agency something to strive for.

A

Vision

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15
Q

Pre-established and often self-imposed obj. Or purpose

A

Mission

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16
Q

Statement of beliefs and values that directs one practice. Gives direction towards attainment of a certain goal

A

Philosophy

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17
Q

Desired aims or condition towards which one is willing to work

A

Goal

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18
Q

Statement of a desired short-term condition or achievement, with measurable end result to be accomplish by specific terms or indiv. With time limit

A

Objectives

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19
Q

Planning formula: what, when, where, why, who, how, can

A

Kron’s formula

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20
Q

Allocating one’s time through setting goals, assigning priorities, identifying and eliminating wasted time and using managerial technique to reach goals effectively

A

Time management

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21
Q

Principles of time management

A
  • planning for contingencies- thinking of other options
  • lists of tasks- calendar of acts.
  • inventory- looking at the task done and not done
  • sequencing- prioritizing
  • setting and keeping deadlines- do not procrastinate
  • delegating- give a portion of the task to those who can do it
22
Q

When several tasks are done in less time

23
Q

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

A

Prepare budget and allocation resources

24
Q

Allocates resources for NURSING program and delivery of pt. Care

A

Nursing budget

25
Designed to meet future service expectation for pt., provide pt. Care at min. Cost
Hospital budget
26
A plan for future act. Such as revenue, expense, capital, and cash budget
Budget plan
27
Income and management expects to generate during the planning period
Revenue budget
28
Expected act. In operational financial terms in a given period of time
Expense budget
29
Program acquisition, disposal and improvements in the institutions physical capacity
Capital budget
30
Money received., cash receipt and disbursement during the planning period
Cash budget
31
Portrays a company’s expenses, expected costs, and estimated income, considering the quarterly or the annual performance
Operating budget
32
- estimation of cash flows of a business - weekly/monthly/quarterly/annually budget - actual operating budget in detail - day-to -day-to-day budget and represents money coming in and going out
Cash budget
33
-budgets for nursing personnels are based on quantitative workload measurements such as pt. Acuity sys.
Personnel budget
34
Classified as long-term asset
Equipment
35
Utilized over a longer period of time, it often depreciates Equipment is tangible property
Supplies and equipment budget
36
- budget allocating money for acquisition or maintenance of fixed assets such as land, buildings, and equipment. - major purchases and investments
Capital budget
37
Uses of budgets
- planning: preparation of budget, forecasting future resource - monitoring and motivation: monitoring use of resources, effectiveness of planning process, motivating tool for managers - communication: coordination and communication vehicle within an org.
38
Systematic plan that is an informed best estimate by nurse administrators of revenues and nursing expenses
Nursing budget
39
3 purposes of nursing budget
Plan, motivate, and serve
40
Budget stages
- formulation stage - review and enactment stage - execution stage
41
- dev. obj. And mnagement plans - gather all financial, historical, and statistical data - analyze data
Formulation stage
42
Direct and eval. Expenses and receipts Revise budget if indicated
Execution stage
43
Types of expenses or costs
F- fixed costs V- variable costs S- sunk costs D- direct costs I- indirect costs
44
Not related to volume Remain constant Rentals, loans, taxes
Fixed costs
45
Production costs Change in proportion Raw material, labor, production, commission, cards, freight
Variable costs
46
Fixed expenses cannot be recovered even prog. Is cancelled Advertising, research and dev., hiring employees, training/seminars
Sunk costs
47
Costs of providing the product or service and are often considered to be those directly related to pt. Care (ginamit ng pt.)
Direst costs
48
Expenses cannot be traced back Not directly related to pt. Care Legal expenses, admin salary, housekeeping, office exp se and building maintenance
Indirect costs
49
Standing plans used repeatedly, or guides or basic rules that govern action at all levels in the org.
Policies
50
Are specific guide to action
Procedures
51
Minimal level of achievement acceptable to meet the set objectives
Standards