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BUSINESS IMPROVEMENT PROGRAMMES
CAPITAL AUTHORISATION JUSTIFICATION
What is Capital Authorisation Justification?
The Capital Expenditure Authorization process begins when a business identifies a project or capital equipment purchase requirement in order to meet a specific business objective. Capital Expenditure Justification is the process whereby the business puts the case forward and justifies or gives good reason to management as to why the project or equipment is needed. The hope or expectation is that funding or capital for the project will be approved.
The importance of a well-reasoned and complete project justification cannot be overemphasised. The justification will, by in large, determine the acceptability of the project and its eventual implementation.
In today’s economic climate getting scarce funds released for a project can be difficult to say the least. Management authorisation is reliant on the quality of the justification / business case put forward - it is therefore very important to get it right.
What will PROjEN do?
PROjEN is experienced in putting together business cases; they will initially ensure that the project/ purchase that you seek capital authorisation for is viable. First and foremost, does it answer the business need and is it the best solution.
PROjEN will then follow a set framework to ensure your businesses capital authorisation justification or business case meets the criteria to ensure that you obtain that all important funding.
If you want to know more about Capital Authorisation Justification, please click here to be redirected to our resource centre.
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