January 2024
Intermediate to advanced
720 pages
17h 20m
English
A strong capital investment process is critical to ensure a thorough evaluation and decision. Figure 28.1 outlines key steps in an effective capital investment process.
Companies should identify potential capital projects as part of their strategic and annual operating planning activities. The capital budget should be an important element of each plan. For strategic plans, the managers should look out three to five years and anticipate significant capital expenditures to support growth, strategic initiatives, and other requirements. ...