Published: Dec 09 2019
Success Drivers in Capital Budgeting
A process for strategically aligning facilities investments with the organizational mission, seven steps to a strategic capital budgeting process.
This paper describes an approach to successfully aligning an organization's facilities capital budget with its strategic business objectives. This process enables objective prioritization of competing needs in order to optimally allocate capital funds and deliver the greatest business value.
Features covered are:
- Greater understanding and support among the various stakeholders in the capital budgeting process, from executives to financial planner.
- Reduced time and effort to generate capital budgets and make adjustments when changes inevitably occur.
- Defensible budget requests to funding bodies, legislatures and boards of directors, based on well-defined, quantifiable criteria.