What you should consider to avoid cost overruns, cash flow and funding shortfalls
Whether your capital budget is in the billions or just one million, the goal is the same: make informed decisions about which projects to include, when to execute them and how to do so cost effectively. Unfortunately, even the most seasoned Planning Managers admit that the capital planning process is complicated and problems are more the norm than the exception.
This white paper will:
- Define some of the most common problems encountered when creating and maintaining a capital plan.
- Discuss the outcomes that result from these capital planning process challenges.
- Offer a series of capital planning process best practices to help you create a more formalized process that will improve decision-making, and make efficient use of manpower and capital dollars.