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About Amber Lundy

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So far Amber Lundy has created 88 blog entries.
9 05, 2023

The Difference Between Project Budgeting and Cost Forecasting

2023-07-19T08:43:31+10:00May 9th, 2023|

Written by: John Datuin Project budgeting and cost forecasting are two related but distinct concepts in the realm of project management and financial planning. While both involve estimating and predicting project costs, they differ in their scope, purpose, and timing. Here's a comparison and contrast between project budgeting [...]

1 12, 2022

Capex Challenges and Solution in Tumultuous Times

2023-07-19T08:47:04+10:00December 1st, 2022|Tags: , |

Written by: Richard Frykberg CAPEX challenges are not new. Capital Expenditure budgets have always been under pressure. The budgeting cycle has always been painful and approvals have taken frustratingly too long. Complex projects will always take longer, cost more, and deliver less than promised. And it’s just got a [...]

14 11, 2022

What is Capex Software and Why You Need It

2023-09-21T13:53:27+10:00November 14th, 2022|Tags: , |

Written by: Gary Smith Finance teams are raising the awareness that Capex software is no longer a nice to have, it’s a necessity. With increasing pressure for complex decision making, in shorter timeframes with strict budgets, across multiple departments, processes that once worked just aren’t keeping pace with today’s [...]

7 11, 2022

Benefits in Streamlining Capital Project Approval Processes

2023-07-19T08:53:56+10:00November 7th, 2022|Tags: , |

Written by: Charles Evans Capital projects are high value, often complex and extremely important to an organization’s profitability.  They are typically large-scale projects, like a new warehouse or plant equipment, and require considerable discussion and review of all possible risks and returns. The approval process used to decide capital [...]

25 10, 2022

Growth vs Maintenance Capex: What You Need to Know

2023-07-19T08:59:52+10:00October 25th, 2022|Tags: , |

Written by: Richard Frykberg Capital Expenditure is typically classified as either Growth Capex or Maintenance Capex. Both types of capital expenditure are crucial to the long-term success of every organization. While Maintenance Capex ensures the sustenance of business-as-usual activities, Growth Capex underpins the achievement of strategic objectives. This blog [...]

18 10, 2022

Capex Vs. Opex: What’s the Difference & Why It Matters

2023-07-19T09:02:53+10:00October 18th, 2022|Tags: |

The distinction between capital expenditure (CAPEX) and operating expenditure (OPEX) may seem like a subtle one. Both involve spending money for the benefit of the business. More complex expenditures may involve both types of expense. In broad strokes, the line between the two seems fuzzy at best. Despite the [...]

13 10, 2022

New Release of Workflow Approval Software ‘OneList’

2023-07-19T09:08:31+10:00October 13th, 2022|Tags: |

OneList 8 comes with exciting usability and infrastructure enhancements that clients are sure to love! While OneList continues to focus on consolidating workflow tasks across multiple applications for easier approval, making the user interface even more appealing is helping clients make decisions even faster. OneList is commonly used for [...]

5 07, 2022

Risk Mitigation Strategies for Capital Projects

2023-07-19T09:09:42+10:00July 5th, 2022|Tags: |

Overview Capital projects fail due to poor project definition, selection, execution or validation. In this article we look at risk mitigation strategies that can be applied at each of these four stages of capital project delivery. 1. Capital Project Definition To be successful, all candidate capital investments projects should [...]

28 06, 2022

How Capital Projects Fail

2023-07-19T09:12:49+10:00June 28th, 2022|Tags: |

Overview Capital project investments are by their nature large and inherently risky. They involve change: introduction of new technology, expansion of operations, implementation of regulatory requirements and replacement of critical infrastructure. An organization’s future strategy and competitiveness depends on their successful execution. But too often they go wrong, see [...]

31 05, 2022

CAPEX that Supports Net Zero Emission Targets

2023-07-19T09:17:37+10:00May 31st, 2022|

Overview Visionary corporate leaders are taking climate action to achieve a net-zero emissions target and limit global warming to 1.5 degrees Celsius. The identification, definition, selection and execution of projects to deliver on these commitments requires an effective capital expenditure and project portfolio management solution. The United Nations “Race [...]

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