budget-sec6B_6

budget-sec6B_6 - Capital Budgeting and Acquisition :...

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Capital Budgeting and Acquisition : William J. Ward, Jr., MBA 1 Section B Capital Budgeting and Acquisition, Part 2 2 Challenges for Decision Makers ± Added value ± Consistency ± Critical elements 3 ± Added value ± Consistency ± Critical elements ± Retrospective analysis ± Intuition and politics ± Organizational memory 4 Decision Maker Questions ± Does it ft the mission? ± Does it create new or expand existing market opportunities? ± Does it demonstrate improved quality? ± Does it fll a gap in the care continuum? 5 ± Does it ft the mission? ± Does it create new or expand existing market opportunities? ± Does it demonstrate improved quality? ± Does it fll a gap in the care continuum? ± Are Funds available? 6 Decision Support Committees ± Capital equipment committee ± Ad hoc advisory or oversight committees
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Unformatted text preview: Capital Budgeting and Acquisition : William J. Ward, Jr., MBA 2 7 Decision Support Committees Capital equipment committee Ad hoc advisory or oversight committees Multi-disciplinary Finance, clinical, and technical know how Politics and end runs Appropriate empowerment 8 Decision Maker Questions Prioritization of limited resources ROI balanced with achievement of strategic objectives Balancing clinical imperative and business reality 9 Please take a moment to evaluate this lecture. Your feedback is very important and will be used for future revisions. The Evaluation link is available on the lecture page. Lecture Evaluation...
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This note was uploaded on 01/25/2012 for the course PH 551.603 taught by Professor / during the Spring '12 term at Johns Hopkins.

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budget-sec6B_6 - Capital Budgeting and Acquisition :...

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