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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.
Additional benefits of a mission-driven capital budget include:
Seven steps to a strategic capital budgeting process:
Establishing The Team
Defining Goals, Processes, Evaluation Criteria
Drivers Of Capital Efficiency
Collecting Information and Organizing Data
Defining a Prioritization Strategy
Capitalize Driver's License
Preparing Budgets
Getting Approval
Driving Capitol
Driver Capital
Sustaining and Maintaining the Program