The senior management team has sent you their appreciation as well as feedback on your feasibility study for your proposed economic initiative. They believe your proposal has the potential to benefit the organization in both the short and long term. The final step in this process is to create a comprehensive implementation plan for your proposed initiative. This plan must include a budget of relevant expected material, labor, and capital costs for the first five years of the initiative (see Resources for some examples and guides on budget planning), as well as projected earnings from the initiative for the care setting. You must also include a plan and timeline for implementing the initiative, an analysis of how it may affect other aspects of the care setting, an explanation of how it will remain viable in the face of environmental changes, and adequate relevant supporting evidence.
You have been asked to include the following in your 6–10-page plan. Please keep in mind that the bullet points below correspond to grading criteria in the scoring guide. Make certain that your work addresses each of the bullets below. You should also read the scoring guide and the Guiding Questions: Implementation Plan for a New Economic Opportunity document, both of which are linked in the Resources, to better understand the performance levels that correspond to each grading criterion:
Create a budget for the anticipated costs and earnings or benefits of a proposed economic initiative over the first five years.
Propose a strategy for launching your economic initiative that will allow your care setting to successfully implement it in an ethical and culturally equitable manner, ensuring quality or service improvements.
Analyze how your proposed initiative, if implemented, will affect other aspects of your care setting and how negative effects can be mitigated.
Explain the strategies you’ve incorporated into your proposed economic initiative to ensure it remains a viable asset to your care setting in the face of changing environmental forces.
Throughout your plan, justify the relevance and value of the quantitative and qualitative economic, financial, and scholarly evidence you used to support your recommendations.
Communicate your business and implementation strategy in a logically structured and concise manner, using clear writing and proper grammar, punctuation, and spelling.
Support your plan and recommendations with relevant economic data and scholarly sources, properly formatting citations and references in accordance with current APA style.