Assignment 3: Program Budget and Financial Analysis
How can you assess the financial viability and merit of your program? What indications will inform you and others whether your financial strategies are likely to result in positive health outcomes for the population?
This week you continue to develop Assignment 3, applying the principles of cost-effectiveness, cost-utility, and cost-benefit to your program design process.
To prepare for this week’s section of Assignment 3:
- Review the information presented in the Learning Resources.
- Apply the use of cost-effectiveness, cost-utility, or cost-benefit to your program design to determine whether the monies put into your program will result in positive health outcomes for the population.
Write a 3- to 5-page paper* that address the following:
Budget (developed in Week 7)
- Develop a simple revenue and expense budget for 6 months from start-up and develop a break-even analysis.
- Articulate a justification for the revenue and expenses indicating where the funds are coming from to support the project and what resources the expenses are related to.
- Explain any variance from the budget that is not budget neutral.
Financial Analysis (developed this week)
- Articulate whether the monies put into the program will result in positive health outcomes for the population (resulting from your application of the use of cost-effectiveness, cost-utility, or cost-benefit to the program design process).
* Include tables or graphs in your paper to illustrate budget information.