High value project expenditures require executive management authorization. When this approval is granted, budget is allocated to an investment measure (project or internal order). Purchase Orders are then assigned [...]
Budgeting is the apportionment of available funding amongst various sources of demand. Capital Budgets are intended as fixed constraints to expenditure and are normally allocated annually. Planning is the [...]
Ensure that budgets are based on defined initiative lists (appropriation requests). When raising capital expenditure requests, link requests to the related budget requests. If a capital expenditure request is [...]
All capital project budgets are invariably constrained by available financial capital, human resources, and risk tolerance. To optimize your project portfolio within these constraints you should: Consistently evaluate candidate [...]
The key dimensions to consider when ranking candidate projects are: Degree of strategic alignment Urgency of the project (risk of not doing) Standardized evaluation of project benefits including key [...]
The secret to choosing the best capital expenditure opportunities to include in your capital budget is to begin with a broad funnel and then quickly filter project proposals down [...]