Discuss and identify a major piece of equipment, the addition of technology, or physical change to the environment needed to improve patient care. You will compose a paper and complete a sample budget sheet to submit for this assignment. Include the following items in your paper:Executive summary (estimated 1 page; helpful hint – this is easiest to write as the last item)• Concisely explain the purpose or scope of the proposal.• Identify all equipment and personnel involved. Consider the stakeholders who are directly and indirectly impacted by the approval of thisproject.• Describe the return on investment the company can expect in financial and/or non-financial aspects.Background• What issue are we solving?o Identify the main issue or opportunity the proposal is addressing using data where possible (e.g., delays, decreased productivity,increased waste).o Describe the impact this issue has on patient care.o State how your proposed solution will address the issue or opportunity and how it aligns with the organization’s strategic priorities.• What do we need to complete the project?o What are the technical specifications needed to implement the solution?o Why is this the most cost-effective solution—short term, and long-run?o Describe your research process that led you to this particular solution.• What can we expect during and after the project?o Summarize the timeline and personnel involvement for rollout.o Characterize how patient care will be affected during rollout.o Illustrate patient care after the solution is in place.Galen College of Nursing – NSG 6420 Course Guide– Version 1.0v2 29Ideal Outcome• How and when will the company experience the benefits of the project?• What tangibles will the company gain from this proposal?• Describe potential implications of a successful project for other areas of patient care.Potential Risks• Characterize the likelihood for the worst-case scenario.• Set real, accurate expectations for any downtime or disruption.• Show an emergency backup plan preventing downtime or disruption should it occur.Alternatives• What are other solutions that you considered?• How is the proposed solution better?Your paper without the spreadsheet should be 4 pages plus the title page. References are not required. Once you have completed your paper, download and complete the Sample Budget Sheet for your piece of the proposed equipment. Be sure to inputinformation into all columns of the Parts and Equipment section, the Labor Costs section, and the total.Be sure to submit both your paper and budget sheet files for this assignment.(USLOs 3.2)* I will send the Sample downloaded spread sheet which is the 5th page when I get access to it.*Syllabus is in the additional materials. Rubric for Unit 3 (which is this assignment) is in the syllabus Under the Rubric section for Unit 3 titled Capitol Equipment Cost Justification