04: Investment decision process
Strategic identification of investment opportunities should ensure that they fit in with your company’s goals and objectives. The business investment decision-making process has the following important stages:
- Strategic planning Identify potential investments.
- Initial review Prioritise the list of potential investments.
- Appraisal Analyse the short-listed investments (both from a qualitative and quantitative perspective).
- Acceptance or rejection Decide which investments to implement.
- Implementation Monitor and control the investment.
- Post-investment audit Compare actual results with the forecast.
