Genette Henderson was just promoted to supervisor of building maintenance for the Ford Valley Theater complex. Allpoints Entertainment, Inc., Henderson’s employer, uses a company-wide system for evaluating capital investment requests from its 22 supervisors. Henderson has approached you, the corporate controller, for advice on preparing her first proposal. She would also like to become familiar with the entire decision-making process.

1. What advice would you give Henderson before she prepares her first capital investment proposal?

2. Explain the role of capital investment analysis in the management process, including the six key steps taken during planning.