Project Management

Top 10 capital planning

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to-dos for staying true to plan Top 10 Develop a holistic, objective and consistent process 1. Remain fluid and take a long-term view 2. Align your plan to broader business strategy 3. Provide a comprehensive audit trail 4. Work with vendors knowledgeable about capital program management Define and empower centralized oversight 5. Define a central group or program management office to drive governance, communication and a transparent process 6. Ensure your team has deep capabilities in projects, real estate, finance, corporate strategy and analytics 7. Remember this is not a one-size-fits-all strategy The essential checklist for taming your capital monster Take advantage of technology 8. Integrate data across the capital project life cycle 9. Leverage best-in-class platforms to systematically collect and disseminate relevant data 10. Invest in tools that can improve project prioritization and selection Choose from a range of solutions to improve your capital planning There are a range of solutions to address and improve your capital planning. JLL empowers the world's best companies to implement customized processes, plan management and our latest technology platforms. As a result, our clients master their capital monsters and manage their capital spend within two percent to plan. JLL insights for process Our Capital Planning practice shows consistently that the best companies succeed by looking beyond the current calendar and financial year. Our practice helps companies determine customized, relevant plans tied to broader strategy, not arbitrary dates. It also helps when that strategy drives planning and execution. Experts also ensure your capital plan isn't narrowed to a project or facility-level focus, a common pitfall. Guaranteed expertise from the get- go also means you can ramp up internal capabilities quickly. JLL insights for oversight Organizations generate the most benefit from their capital plan when executives and delivery teams are strategically aligned. JLL oen provides companies with the perspective needed for coordinating disparate teams and information across the life cycle of capital planning. The single most important factor for the efficiency and effectiveness of capital planning is having the right expertise and a single point of contact for management oversight. And this role or team needs to be expertly tailored to your company's unique needs, culture and demands. JLL insights for technology Ideally your technology platform is the foundation of a program that includes construction management, project management and capital planning. JLL's platforms facilitate the analysis required to evaluate projects objectively and with historical information about past projects for reference. Additionally, they implement algorithms to prioritize your capital spend effectively. Have you ever come to year's end and rushed to increase your capital spend in the fourth quarter? Or gotten lost in cumbersome spreadsheets when trying to manage your capital plan? Maybe you've come in under budget and all you can see are the missed investments for long-term growth and profitability. If any of these scenarios sound familiar, you've met the capital monster. If that's the case, you may be unintentionally inhibiting your business goals and missing growth opportunities. The good news: You can master the monster with these tips

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