The Top Six Capital Planning Best Practice Tips

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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 chance 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 the following, we’ll define some of the most common complications to creating and maintaining a quality capital plan. We’ll also outline a series of industry best practices that will enhance your planning process and help you avoid the most common capital planning pitfalls.