Variance Analysis

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.

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Write a paper (1,000-1,200 words) that explains the following points:

1.Include what factors you should consider when writing your variance report to your vice president. Note: Your vice president expects her managers to write detailed variance reports that include all possibilities.

Gibbs' reflective cycle in nursing

2.Include the relationships between interpreting operational variance report budget goals and actual results of performance.

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3.Describe the variance issues to be addressed in accordance with Health Care Organizations (HCO) 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 GCU 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.

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