Capital projects are defined by their large scale and large cost relative to other investments that involve less planning and resources. Because of this, it is important to closely monitor the risks associated with these projects. These long-term, capital-intensive investment projects serve a purpose to build upon, add to or improve capital assets.
This document can be used as a guide to mitigating risks common to an organization’s capital project management process. Sample risks include: pass-through expenses are not properly identified and billed to the clients, records may not be retained in accordance with legal requirements, and assets are not billed timely or correctly.