International Journal of Applied Finance For Non-Financial Managers (ISSN: 1742-528X) Volume 1 Issue 1
, Royal Holloway, University of London
Within an organisation there will be those capital projects that are more complex than others. Some, for example, straightforward plant replacement projects may be at the less complex end of the scale being evaluated using a conventional financial appraisal approach. Other plant replacement projects may, for example, involve the restructuring of working practices with inevitable greater complexity. There are also those projects that will be high cash generating while, on the other hand, others will be low cash generating.