Capital Expenditure Project Decision in Public Sector | Project Management

In public sector units, capital expenditure project appraisal and management consist of four stages: 1st Stage—Appraisal: Appraisal involves sponsoring agency and the sanctioning authority. Both the parties should be clear about the objectives/a capital expenditure project aims to meet and considerations of all the possible alternatives to achieve the given objectives. i. Sponsoring Agency: It has the overall responsibility for [...]