Capital Budgeting

Capital Project Management

Capital Budgeting

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.

Consolidate Planning Activities

ARCHIBUS Capital Budgeting uses Web-based intelligent workflows to connect stakeholders throughout a capital budgeting process. With this information in a single, centralized location, users can execute master planning, expansion, modernization, renovation, and consolidation projects in an organized, cost-effective manner. The process is aligned with your organization’s overall strategic facility and infrastructure plans and offers Web-based consoles or dashboards at each step to help users easily visualize the project’s progress.

Manage Projects Across Multiple Sites

The application also lets you manage capital budgets across multiple disciplines and sites with one centralized, consistent methodology. You can group by projects, capital programs, and sites, and consolidate data from multiple sources into an organization-wide view of capital requirements and the availability and/or allocation of funds.

Enable “What-if” Planning

The ARCHIBUS Capital Budgeting application provides a series of “out-of-the-box” intelligent workflows that are designed to improve strategic capital planning processes using “what-if” scenarios. For example, capital budgeting forms may be used alone, or you can add project-level and task-level detail, and have the results roll up to the top-level budget. Optional steps include estimation and prioritization of programs or projects.

Integrate End-to-End Planning

Combined with condition assessment and building operations information, the ARCHIBUS Capital Budgeting application integrates separate practices into a seamless process. This can help managers match capital requirements with available resources for any proposed capital budgeting plan, while eliminating the need for redundant data entry. Additionally, when used in conjunction with the ARCHIBUS Project Management application, you can create user-defined scorecards to visualize and manage progress to date.

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

Activities and Reports

  • Generate Capital Budget
  • Edit Budget Details
  • View Budget by Program
  • View Budget by Program Type
  • Enter Funding Sources
  • Allocate Funding
  • View Approved Projects by Funding Year
  • View Available Capital and Expense Funds
  • View Unallocated Program Funds
  • View Project Funding by Fund
  • Plan Scenario Costs
  • Evaluate Scenario Funding

Capital Budgeting

Easily generate a visual representation of planned budgets by spending category to help justify capital requests.