Managing Capital Projects

After an annual capital budget has been set up in Axiom Capital Planning, the primary tasks for users include creating, reviewing, and approving capital projects.

There are two broad categories of capital projects in Axiom Capital Planning:

• Non-Threshold (Summary) Capital Projects – Capital projects below a set dollar threshold that can be approved on an ad-hoc basis by a single executive.
• Threshold (Pro Forma) Capital Projects – Capital projects that exceed the set dollar threshold are recommended to be approved as part of a larger, organization-wide process of evaluating and prioritizing capital requests, involving a committee of multiple stakeholders.

While the administrator may define sub-categories for each type, whether a project is Summary versus Pro Forma is the main determinant of what data needs to be entered into a request and how the request is subsequently processed within the system.