capital planning

Capital planning is the process organizations use to identify, prioritize, and manage long-term investments in big projects or assets, such as buildings, equipment, or infrastructure. It involves analyzing current needs, estimating costs, planning for future growth, and ensuring that funds are allocated efficiently over time. The goal is to align these investments with organizational objectives, maintain financial stability, and minimize risks. Essentially, capital planning helps organizations make informed decisions about how best to prepare for their future, ensuring they can support operations, expand, or upgrade assets effectively.