Budget Development and Management in Nursing

Budget development and management are essential aspects of nurse leadership. Budgeting is one of the ways nurse leaders can use to create value and drive performance within their departments, making sure that all projects run smoothly. It involves allocating resources to projects and creating a spending plan that balances expenses with income. This also helps in navigating managerial processes and guiding decision-making. The budgeting process should involve the whole departmental team and should not be left as the sole responsibility of the leader. This paper discusses how a nurse manager can include the team in budget development and keep informed budget decisions.