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The strategic planning process is a critical step as a department or company strives to identify and then pursue its goals. Often, an essential next step is the capital planning process.
Capital planning is the process of identifying, planning, and budgeting for the capital expenditures that will help an organization achieve its goals. Given the dollar amounts involved in many facilities-related capital projects, facilities managers can benefit from a solid understanding of capital planning.
Among other skills, capital planning requires knowing how to use the strategic planning process to identify worthwhile capital projects, along with the ability to develop realistic budgets and schedules for capital projects. Also important is the ability to prepare and articulate the business case for the projects proposed.
With this e-book, facility managers will learn:
• How to start the capital planning process
• Which investments to start with
• The steps to make a business case for each project
