Post-decision Control

Richard J. Briston and Jack Liversidge
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Richard J. Briston: University of Strathclyde
Jack Liversidge: Leeds Polytechnic

Chapter 10 in A Practical Approach to Business Investment Decisions, 1979, pp 201-212 from Palgrave Macmillan

Abstract: Abstract An investment proposal, when approved by management, should not be regarded as an irreversible authorisation to proceed with the project itself but rather as an authorisation to proceed on the basis of the cash flows estimated in the proposal. A reliable system is needed to monitor and control the subsequent performance of projects and it must concentrate in particular on the following factors: 1. Control of timing and expenditure up to the start of operations (pre-commencement control). 2. Post-audit project reviews. 3. Timing of replacement. 4. Timing of abandonment.

Keywords: Cash Flow; Capital Expenditure; Retirement Period; Annual Equivalent; Economic Worth (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-02136-9_10

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DOI: 10.1007/978-1-349-02136-9_10

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