CapEx
If you want to run a successful business, there are financial terms you should familiarize yourself with them. For instance, you should understand the difference between CapEx and OpEx before you dive into strategic investments and CapEx project management. (more…)
Before taking a capital expenditure decision, take the best practice template, put it online, and have a streamlined execution process for your capital expenditure (CapEx) approval process: makes it transparent to the decision-makers and the task-owners.
Every successful company needs to grow. And this process requires it to track capital expenditures, especially those which create future benefits. A very important part of tracking capital expenditures is the approval part. Over the past 30 years CapEx tracking has come a long way literally from the Stone Age era to flying planes. What has changed? Let’s make an excursion along an imaginary museum of CapEx process management evolution.