Capital planning as a concept has undergone few changes; however, following the recent pandemic, we suddenly saw that our old system didn’t work with the rapid change that was required. This program will take a look at capital planning in light of what we have learned from COVID-19, and specifically apply it to the small businesses needing to view capital planning in a new way.
Learning Objectives
- Understand how to set up a formal capital expenditure system without a lot of bureaucracy
- Understand the relationship between the capital expenditure system and nimbleness
- Recognize how to take the politics out of capital purchases
- Recognize how to increase the productivity of the organization through a good system
- Understand how to audit past capital decisions
Major Topics
- Formal and informal capital planning systems
- Capital expenditure and nimbleness
- Why a low average cost is not necessarily the best measurement
- Looking at capital expenditure in light of bank requirements
- Exempting certain assets from the need for analysis
- Exploring the best way of project and capital analysis
