A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Maximising FM’s contribution to shareholder value Part I: Can the capital expenditure process for fixed assets be improved?
Planning and implemating fixed asset capital projects that increase shareholder value is problematic because the process spans the entire enterprise and requires the coordinated efforts of professionals in the areas of accounting, finance, real estate, facility management, tax, engineering and project management. In many respects the process is only as strong as its weakest link. Initiatives to improve the process must start with an understanding of capital budgeting, and require executive sponsorship and vision as well as a functioning capital budgeting system. This paper is the first of a two part series that provides an overview of the importance of capital budgeting and explains the four types of capital budgeting decisions that most executives face. Part II builds upon the basics covered in Part I and lists more than twenty improvement tactics that can be implemented by organisations and individuals.
Maximising FM’s contribution to shareholder value Part I: Can the capital expenditure process for fixed assets be improved?
Planning and implemating fixed asset capital projects that increase shareholder value is problematic because the process spans the entire enterprise and requires the coordinated efforts of professionals in the areas of accounting, finance, real estate, facility management, tax, engineering and project management. In many respects the process is only as strong as its weakest link. Initiatives to improve the process must start with an understanding of capital budgeting, and require executive sponsorship and vision as well as a functioning capital budgeting system. This paper is the first of a two part series that provides an overview of the importance of capital budgeting and explains the four types of capital budgeting decisions that most executives face. Part II builds upon the basics covered in Part I and lists more than twenty improvement tactics that can be implemented by organisations and individuals.
Maximising FM’s contribution to shareholder value Part I: Can the capital expenditure process for fixed assets be improved?
Lynch, Barry (author)
Journal of Facilities Management ; 1 ; 48-55
2002-01-01
8 pages
Article (Journal)
Electronic Resource
English
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