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Glossary

Capital Improvement Program

A Capital Improvement Program refers to an organization's comprehensive plan outlining substantial investments to maintain, upgrade, or replace long-term physical-world assets.

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What is a capital improvement program?

A Capital Improvement Program refers to an organization's comprehensive plan outlining substantial investments to maintain, upgrade, or replace long-term physical-world assets. Such assets usually feature a life span exceeding one year and include elements like buildings, machinery, equipment, and infrastructure that contribute to the creation of goods or services.

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Capital improvement programs are essential for:

  • Expanding the operational capacity
  • Improving productivity efficiency
  • Enhancing the organization's long-term profitability and strategic competitiveness

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Implementing a well-planned capital program can be a complex task. It requires highly efficient capital project management solutions that offer real-time reporting and risk management tools. These innovative solutions assist in ensuring the successful execution of capital programs by maximizing performance and cost-effectiveness.

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