FISCAL AND RESOURCE UTILIZATION IN NURSING 3In a program, fiscal resources refer to the means for purchasing or obtaining otherresources required for the successful completion of a project. Usually, financial resources areprovided in the form of money. When the capital used to complete the project comes fromexternal resources, the term financing is used; however, the term funding is used when themanager uses the internal finances of the organization to meet the financial needs of theprogram (Gruen & Howarth, 2005). For any program to be successful, it needs money. Forthis reason, when developing a nursing program proposal, nursing leaders need to have arealistic idea of how much the program would cost. Therefore, for the program to becompleted successfully, it has to be funded adequately.Before commencing a program, nursing leaders must take into account all theresources that are required to get it done. According to Chiu et al. (2016), it is always a goodidea to prepare everything beforehand to avoid getting stuck halfway through the program.Apart from the financial resources, other available resources include technical resources,personnel, and equipment. Arguably, human resources are the most important resources ofany program because they are the ones who get things done. Therefore, it is necessary thatpolicymakers indicate professionals who will be needed to carry out the program tasks (Chiuet al., 2016). Time is also another valuable resource in a program. The timeline of theprogram should be well documented in the proposal. Projects also use tangible resources suchas equipment or machinery and technical infrastructure such as IT equipment. All of thesedifferent resources are important in getting the program moving in the right direction.It is always the hope of every program leader that the project runs on smoothly andwithout any hiccups. For this reason, nursing leaders need to develop strategic decisionsduring the development of nursing program proposals. A strategy according to Chiu et al.
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