Getting started with capital projects

Core TSIs : Capital Projects : Getting started with capital projects

Capital projects enable project managers to maintain complete control over project costs. Additionally, the Financial Console provides a comprehensive view of the status of ongoing projects and their associated budgets.

To initiate a capital project, a structured process flow is essential. The steps for this process flow are detailed in the following sections:

1. Defining a capital project

2. Defining a cost group

3. Linking a capital project to a cost group and budget category

4. Defining budgets

5. Defining funds (optional step)

6. Executing a project