Question

What are Dufresne's best practices on capital planning?

Answer 1

Answer: The Dufresne's best practices on capital planning involves that there should be consistent as well as structured approach. The capital planning involves:

• Update the needs that is required.
• It is important to calculate the estimated costs of requirements.
• Manage the requirements according to the organization priorities.
• Display the impact of different levels of spending.
• It is necessary to identify the risk that could occur to the organization.
• Yearly budget plan should be prepared.