9. Is it possible that capital equipment projects almost always take a backseat to other projects
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It is not always the case, but sometimes can be seen.
- In such heavy projects the project's total cost is capitalised rather than depreciated.
- A significant amount both financial and human to the construction and maintenance of capital assets, like machinery or manufacturing are devoted.
- A corporation may embark on a capital project in order to expand or sustain its assets. New buildings, a manufacturing method, or internal systems may be exclusively purchased by them for the concerned project.
- It is critical to design the project properly in every scenario as they carry huge risks. The firm must decide on the most efficient use of resources and time as many a time such projects hit a roadblock and other projects suffer.
- As a result, capital projects are more likely to meet or even exceed objectives than other projects since they have proper planning, organisation, execution, and change management.
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