This checklist is designed to ensure that all necessary steps are taken before approving capital expenditures within the organization, promoting accountability and strategic investment.
Gather all requests for capital expenditures from different departments.
Check the justification documents for each request to ensure they align with strategic goals.
Assess the cost-benefit analysis provided for each request to determine potential return on investment.
Ensure that there is budget availability to cover the capital expenditure without affecting operational funds.
Route the requests through the appropriate approval levels based on the organization's policy.
Record all decisions made on the capital expenditure requests for future reference and auditing.
Inform all relevant stakeholders about the outcomes of the capital expenditure approvals.