In this course we discuss the basics of getting projects approved with some related comments to help them run more successfully in terms of obtaining and maintaining sponsor or C-Level support. We start with a brief overview of a Capital Expenditures (CAPEX) process explained as a more user friendly best practices Million Dollar Initiative process.

This leads to a conversation about heat maps and prioritization of scarce resources through the CAPEX process. Then we work through an example of the emotional aspects of how the C-Suite finalizes the decision making process of funding requested projects.

Then we enhance the value of this process by exploring a series of Dos and Don’ts. Dos in the forms of 5 key tactics and Don’ts in the form of 5 myths which you can hear when this process could be better executed. Think of this as a feedback mechanism to get immediate feedback for course correction if needed.

This has widespread implications for when you work with other functional areas on obtaining financing and support for projects crucial to their strategy and operations. Which projects or requests will have a higher rate of approval with adequate funding to ensure success when you better understand CAPEX?

This course serves as review for accounting and finance professionals who need to sharpen their fundamental understanding of core CAPEX and how it translates into the accounting and financial concepts we use to run companies.