What Enables an Effective Capex Program?
The essential foundation for any effort to improve a Capex program is to unify the management process from end-to-end. Bringing capital planning, budgeting & forecasting together with Capex requests & approvals into one single system of record will do more than anything else to drive higher productivity, ensure reporting accuracy, generate valuable insights and accelerate decision-making.
It is not enough, however, to simply unify these phases of your Capex program. There are certain key capabilities within each phase that are necessary to manage that phase efficiently, and to provide the right data and analysis to optimize your overall capital program.
To help you ensure an airtight capital planning process as part of your Capex program, with investment confidently going to the most worthwhile projects, we have compiled a list of some key functional capabilities at both the individual investment and higher portfolio levels…
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