Access to defensible capital budgeting information reduces the risk of undertaking expensive, time-consuming projects that ultimately fail due to inadequate resources.
The Archibus Capital Budgeting application provides a method for tracking the capital budget cycle from request and evaluation, through approval and funding.
With this information in a single, centralized location, users can execute master planning, expansion, modernization, and consolidation projects in an organized, cost-effective manner.
BENEFITS
- Summarizes all capital planning activity in a consistent format to prioritize programs and projects, coordinate activities, and budget resources
- Develops a centralized methodology to efficiently manage capital projects across multiple departments and sites
- Enables “what-if” planning to reduce business interruption and cost overruns
- Integrates condition assessment, capital budgeting, and project management functions to better allocate budget and resources for complete end-to-end planning
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