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try various strategies to minimize the effect of interruptions. Budgeting is performed by business, government, and individuals. In fact, nearly everyone budgets, even though he or she may not identify the process as such. Even if a budget exists only in an individual’s mind, it is nonetheless a budget. Anyone who has planned how to […]

Do you use a planner or other scheduling device? budget Indirect costs Nonsalary expenditure variances Operating budget Position control Profit Rate variances Revenue budget Salary (personnel) budget Variable budget Variable costs Variance Volume variances Zero-based budget CHAPTER 14 • BUDGETING AND MANAGING FISCAL RESOURCES 185 B udgeting is the process of planning and controlling future

What is keeping you from accomplishing your goals? 14 Budgeting and Managing Fiscal Resources The Budgeting Process Approaches to Budgeting INCREMENTAL BUDGET ZERO-BASED BUDGET FIXED OR VARIABLE BUDGETS The Operating Budget THE REVENUE BUDGET THE EXPENSE BUDGET Determining the Salary (Personnel) Budget BENEFITS SHIFT DIFFERENTIALS OVERTIME ON-CALL HOURS PREMIUMS SALARY INCREASES ADDITIONAL CONSIDERATIONS Managing the

What action steps can you take to realize your goals? Pearson Nursing Student Resources Find additional review materials at www.nursing.pearsonhighered.com Prepare for success with additional NCLEX®-style practice questions, interactive assignments and activities, Web links, animations and videos, and more! References Carrick, L., Carrick, L., & Yurkow, J. (2007). A nurse leader’s guide to managing priorities.

What are your major time wasters? Questions to Challenge You 1. What are your major time wasters? Keep a time log for one week. Compare how you thought you wasted time with what your time log revealed. 2. Write down your goals for the next week. What action steps can you take to realize your

Tools for Managing Time 1. Recognize that there will never be enough time to accomplish everything you want. 2. Use a time log to identify and reduce time wasters. 3. Use a planning system to list goals, their priorities, and schedule the workday. 4. Set aside uninterrupted time to complete important tasks. 5. Group routine

MANAGING TIME 183 What You Know Now • The first step in time management is to analyze how you use your time by keeping a time log. • Determine priorities and set goals to establish daily planning and scheduling. • Personal organization strategies help use time productively. • An interruption log helps identify patterns that

Respecting Time The key to using time-management techniques is to respect one’s own time as well as that of others. Using the above suggestions for time management communicates to those who interact with you that you expect them to respect your time. You, however, must reciprocate by respect- ing their time too. If you need

  Controlling Time in Meetings Meetings consume much of the manager’s time, and much of that time is wasted. To manage meetings follow these rules (Merritt, 2009): ● Do not meet simply because you always meet on Monday morning. If no meeting is needed, cancel it. ● Invite only key people to initial meetings. Others

Do not be a paper shuffler. “Handle a piece of paper only once” is a common adage, but impossible to follow if taken literally. Rather, each time you handle a piece of paper or e-mail message, take action to further process it. Paper shufflers are those who continually move things around on their desks or