Capital projects can be complex and offer strategical benefits that are difficult to quantify in financial terms and, as a result, are often left out of the appraisal process altogether. This paper highlights the inadequacy of the financial appraisal models to capture many of these strategic...

Purpose – The purpose of this paper is to investigate the current practices of large UK organisations with respect to post-audits of capital projects with the aim of improving management decision making in the future. The investment process has been clearly mapped out in the literature, with...