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Top 6 Capital Planning Best Practice Tips

Whether a 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.

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Avoid cost overruns, cash flow and funding shortfalls with industry best practice tips.

Today's economy demands efficiency. Capital projects must be carefully selected and executed in the most cost-effective manner possible. A well-planned program minimizes the chances of poor decision-making, which promotes program cost reductions, more efficient use of the available manpower, tighter funding controls and encourages a culture of trust between stakeholders and executives.

In this guide, learn the best practices that will enhance your planning processes and help you avoid the most common capital planning pitfalls.

You will learn how you can:

  •  Define some of the most common problems when creating and maintaining a capital plan.
  •  Discuss and have solutions to capital planning process challenges and outcomes.
  •  Use best practices to help you improve decision-making, and make efficient use of resources and capital dollars.