Capital Project Management, Volume II

Describes the challenge of adding real economic value, properly and rigorously defined. The author explains how this is accomplished through the capital budgeting process; discusses the importance of free cash flow; and explores capital projects, as financial options, as a way to manage risk while enhancing the likelihood of project approval.

Descrie provocarea de a adauga valoare economica reala, definita corect si riguros. Autorul explica cum se realizeaza acest lucru prin procesul de bugetare a capitalului; discuta despre importanta fluxului de numerar liber; si exploreaza proiectele de capital, ca optiuni financiare, ca o modalitate de a gestiona riscul, sporind in acelasi timp probabilitatea aprobarii proiectelor.