...Frank Lefley Purpose – The purpose of this paper is to investigate the current practices of large UK organisations with respect to post-audits of capital projects with the aim of improving management decision making in the future. The investment process has been clearly mapped out...

...Georg Caspary Purpose The purpose of this paper is to discuss the relative uses of decision tools for secondary risks of capital projects. Design/methodology/approach The approach is a comparison of traditional limited approaches (notably EIA) versus emerging more complex approaches...

...Frank Lefley Capital projects can be complex and offer strategical benefits that are difficult to quantify in financial terms and, as a result, are often left out of the appraisal process altogether. This paper highlights the inadequacy of the financial appraisal models to capture many...