Kapitalplanung

Kapitalplanung, also known as capital budgeting, is the process companies use to evaluate major projects or investments. It involves deciding whether to allocate resources to long-term assets like property, plant, equipment, or new ventures that are expected to generate returns over several years. The goal is to ensure that these investments align with the company's overall strategic objectives and maximize shareholder value.

Key aspects of kapitalplanung include identifying potential investment opportunities, estimating the cash flows associated with each project, and using various analytical techniques to assess their financial viability. Common methods include Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period. These techniques help decision-makers quantify the profitability and risk of each investment.

The kapitalplanung process typically involves several stages. First, new investment proposals are generated and screened. Then, detailed financial analysis is performed on promising projects. Next, these projects are ranked and prioritized based on their expected returns and strategic importance. Finally, approved projects are implemented, monitored, and reviewed to ensure they meet their projected outcomes. Effective kapitalplanung is crucial for long-term growth and financial health.