Working with Capital Projects

In Axiom Capital Tracking, projects come from two sources:

• Approved projects from Axiom Capital Planning are imported to Axiom Capital Tracking.

• You can create non-budgeted projects using the Create or Open Capital Project command.

After a capital budget has been set up in the system, the primary tasks for users involves creating, reviewing, and approving capital projects.

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

• 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.

Projects approved in Axiom Capital Planning display in the Capital Project Summary and Capital Project Directory with the respective original budget allocated in Axiom Capital Planning.

NOTE: For more information regarding the process by which capital projects are transferred, see the Axiom Capital Planning Administrator's Guide.