Praktiese kapitaalinvestering met spesiale verwysing na beplanning, koördinering en kostekontrole van projekte

Abstract

In all businesses, capital investment is an aspect which plays a major role in the daily activities of managers. Unfortunately the importance attached to the procedures and methods is not always adequate, and often large capital projects are embarked upon which eventually can lead to the organisation's downfall. It is the aim of this thesis to point out the most important factors involved in capital investment policies, with numerous references to published literature on the subject, as the scope of this work does not permit in depth discussion of the various aspects of capital investment. In the first chapter the nature of capital investment is explained, showing the many different possible classifications of capital projects , the legislation laid down regarding income tax and depreciation, and aspects of the capital budget. Chapter two covers the steps involved in initiation of projects, procedures for handling capital investment suggestions, and the different techniques employed in estimating project cost and for determination of the profitability of different investment alternatives. In chapter three, the planning and co-ordination phases of the projects are discussed , with attention given to such matters as procedures, design, the buying function, negotiation of contracts, the usefulness of network analysis techniques in project planning, the function of the project

manager and control of design drawings. In the final chapter cost control of projects is discussed separately, due to its importance, which is often overlooked. Possible cost coding systems are described, as well as techniques for controlling labour and material costs. The need for interim project procedural reports and post-auditing of completed projects is also stressed.