Variance Analysis

Assessment Traits

Requires Lopeswrite

Assessment Description

Assume that you are the manager of a hospital department that cares for patients, and you just received your monthly budget results that state your salaries were higher and your supply use was lower than budgeted.

Write a paper (800-1,000 words) that explains the following points:

1. Include what factors you should consider when writing your variance report to your vice president. Keep in mind that your vice president expects managers to write detailed variance reports that include all possibilities.
2. Compare the operational variance report budget goals and actual results of performance.
3. Describe the variance issues to be addressed in accordance with health care organizations (HCOs) that require justification if they are over or under the threshold for action.

Include two scholarly references in addition to your textbook.

Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.

Kindly see attached the Rubric to be reviewed for completion of the work.