Write a justification for a capital purchase (1,000-1,200 words) to your vice president as to why the purchase would be a good investment for the hospital. Include a one-page executive summary for your proposal within your essay. The essay should include the following points:
Discuss the facility considerations involved in obtaining this new piece of equipment. Is it a replacement piece or a strategic capital purchase? Explain how it meets organizational priorities and capital investment goals.
Justify the purchase and why it is a good investment by evaluating the return on investment (ROI).
Explain the operating costs you took into consideration when making the purchase.
Explain if you will fund the purchase or finance it. What would be the funding sources or financial mechanism to support this purchase (for example, selling shares in your facility or voting on a bond)?
Portfolio assignments demonstrate specific knowledge points in designated courses. These assignments should be used for professional growth and career development. Keep these assignments in a professional portfolio.
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