Executive Summary
There exists a gap between the content that is taught to the nursing students in the various institutions and the practices they have on the patients at the various medical care centers in their practice (Lavin, Harper, & Barr, 2015). The goals of education in nursing are, therefore, currently not being met in the institutions, which has necessitated the internal and external performance of the nursing programs in the various parts of the world. Technological advancement has been an issue of concern when it comes to the low integration of modern technology to the nursing practice (Everett-Thomas et al., 2015). Notably, most of the nursing students seeking to apply the content they have been taught in class to real-world scenarios have lacked the technological exposure that creates an enabling environment for the integration. For such reasons, the high fidelity simulation singlehandedly comes in as a factor that enhances the nursing studies and practices (O'Connor & Andrews, 2015). High fidelity simulation has been found to have the features that increase the obstetric self-assurance for the nursing students, which has been linked with the various advantages such as their exposure to technology and their confidence in their nursing practices (Raman, 2015). The high fidelity simulation project is also expected to lead to the overall reduction in the medical errors that have degraded the nursing field for a long time in its history as well as in the current world.
Project Proposal
The high fidelity simulation project has been stated to have various advantages to the nursing students as they apply .what they have learned in class to the real world situations. Apart from the growth of the self-assessment skills and the reduction of medical errors, the high fidelity simulation project will be expected to come up with other merits to the nursing students as follows. The development of the interpersonal skills among the students will be the first advantage that the nursing students will reap from the introduction of the high fidelity simulation project (Landeen et al., 2015). The communication skills will be accompanied by new behaviors that will enable nursing students to relate better to the patients under their care as they gradually transform their learning skills. The high fidelity obstetric simulation project also comes in handy in the transition of nursing education into a technological base (Landeen et al., 2015). Technology has based the introduction and development of Electronic Health Records (EHR) and the evidence-based practice(EBP) of which have been instrumental in the reduction of the medical errors that the nurses have been making as they take care of the patients at the healthcare institutions (Jeffries, 2015). The high fidelity simulation project is also expected to transform the leadership in the nursing category by having them responsible for their actions and duties towards the parents under their care. The project is, therefore, a feasible one and is expected to be advantageous to the institutions of higher learning as they empower their students to practice their nursing skills better.
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Project Definition
The high fidelity simulation project has been researched and found fit for the solutions to the problem of lack of proper technological integration and the existing gap between what the students learn in school and its application. Thus, the simulation is expected to solve the problem majorly by targeting the mindset of the students and their perception of nursing as a career (Brown, 2015). Most importantly, the simulation creates an environment that is deemed fit for the application of nursing practices that alleviate the daily issues facing nursing such as medical errors. The project is also applicable to the problem facing the nursing students in the various higher education institutions in the world due to the flexibility of its policies and operations. From the universities' management point of view, the high fidelity simulation project favors the various sizes of universities and colleges with different financial capabilities (Liaw et al., 2015). The project is, therefore, expected to support the budgetary concerns of the various educational institutions that consider implementing it for their nursing students. Nonetheless, the implementation of the high fidelity simulation project by the various universities and colleges will require exceptional effort from both the administration and the students. Hughes (2018) also states that as well the need to have the lecturers more educated to ensure that the program works in the current nursing situation across the globe.
Market Analysis
The high fidelity simulation project has provided a modern day approach to training in the healthcare professionals in the various universities and colleges across the world. The project counts on the use of advanced educational technology in the field of nursing across the institutions of higher learning across the globe. The global medical simulation market has been valued at more than a billion dollars in the year 2017(Mondor Intelligence, 2018). Experts in the market analysis of the simulation field estimate that by 2023, the global medical simulation market will be valued almost 2.2 billion United States dollars (Mondor Intelligence, 2018). The analysts insinuate that there will be an increase in the worth of the simulation market soon. In the market, there have been continuous improvements in the advancement of technology. The primary customers that are targeted by the high fidelity simulation are the various nursing institutions in the world as well as the various nursing institutions that are based in the different parts of the world. The customers mainly require services such as the development and assessment of clinical competencies, the development of research tools and the training of management. With the increase in the level of technology, the high fidelity simulation project is estimated to record a tremendous rise in the market size as the world prepares to embrace a time of technological advancement.
Rough Financial Plan
The high fidelity simulation project is expected to cost a significant amount of money to implement. The costs involved have to cover the cost structure in the simulation centers. The economic viability of the projects is directly related to the number of hours that are billed per month in the use of the simulation program in the nursing faculties of the various educational institutions and organizations. Since the simulation is educational, the multiple types of high fidelity manikins have different uses and levels of application in the situations of patient care. In the year 2017, the following was the cost of the high fidelity manikin. The METI Man HPS (CAE) cost $ 200,000 per unit (Mondor Intelligence, 2018). The SIM MAN 3G cost $ 96,000 per unit. In the same year, the price per unit of Mega-code Kelly was $ 11,000 while that of the SIM MAN Essential was $ 20,000 (Mondor Intelligence, 2018). While most of the institutions in the various parts of the world acknowledge that the high fidelity simulation has numerous benefits attached to it, there have arisen a few concerns over the capital required to kick-start the project. In addition to the types of simulations that have been listed above, the institutions are also expected to have a laboratory to facilitate the development of the simulation. To start a well-equipped lab, the institutions are supposed to contribute $ 450,000 with others even contributing millions of dollars to have the laboratories (Mondor Intelligence, 2018). The more expensive laboratories are expected to be more sophisticated than the less expensive ones.
Detailed Operational Plan
Some of the strengths of the proposed project are as follows. Firstly, the changes in the guidelines and the inclusivity of other forms of technology is in line with the standard nursing practice employed in the different spheres of patient care. The strength is expected to improve the operations of the project in that it will provide a basis for the introduction of high fidelity simulation, which is set to maximize on the role of the students in the nursing sector as well as the nursing professionals. The other strength of the project is that the school's administration supports the simulation program. The support of the administration is vital to the feasibility of the program as the school provides the required resources. That eases the functionality of the project at the institutional level. The other strength of the project is that the new technology and the change of policy will improve the critical thinking of the students and their interaction among themselves and with the patients. The strength will work towards the exploitation of the advantages tabled by the project for learning and application purposes. One of the weaknesses of the project that is expected to affect the overall operations is the university has had budgetary crises which may make it difficult to release the adequate funds for the carrying out of the activities in the program. The other shortcoming is that the school was criticized for having low technological integrations in the field of nursing. That is to say that the operations of the project will have a narrow scope at its inception due to the lack of proper technological devices to educate nursing students. The other weakness is the non-compliance of the students in the quality of patient care. The low ratings that have resulted from the practice will adversely affect the operations of the program, as the students will spend more time to try to raise the ratings.
Detailed Financial Plan
|
START-UP COSTS |
|
| Particulars | Cost in (US$) |
| SIM MAN 3G | 96000 |
| Laboratory | 450000 |
| Staff | 900000 |
| Total startup cost | 1446000 |
Sixty percent of the startup cost will come from external funding while the university will be expected to fund 40% of the project.
References
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