The below describe a multi$-$step process for allocating financial resources among several strategic projects, in addition to other non$-$strategic capital investment proposals.

$$ Identify and describe all the capital spending requests for the current budget cycle.

$$ Describe the non$-$financial benefits that are expected to result from the capital expenditure.

$$ Set priorities for each of the capital requests on the basis of urgency factors like critical relevance to current operations, responsive to a legal mandate, responsive to aggressive moves by competitors, or a major contributor to the organization$$s strategic program.

$$ Make projections of cash flows for each capital request.

$$ Perform financial analyses of each capital request.

$$ Evaluate and compare the financial and non$-$financial benefits of all the capital requests and decide which ones to fund and in what amounts.

True

False