Post Implementation Reviews
Post Implementation Reviews are an important part of professional Capital Budgeting. What is the post-audit and why is it so important?
The post-audit is an evaluation of the project after it has been started. This is critical to see if cash flows are happening as planned so that the company can expand an unexpectedly profitable project, and curtail or cancel an unexpectedly unprofitable project. Also, a low-return project could be modified to ensure a higher return before it is too late. The post-audit is crucial, because the future is often different than expected. The post implementation reviews give important feedback that leads to better planning in the future. Utilize the power of Invest for Excel® to improve quality of capital budgeting in your organization.