The Human Factor in Capital Budgeting
{"Image DocumentName": "The Human Factor in Capital Budgeting", "Image ImageDescription": "Every project has a champion behind it. This creates a potential for an optimistic bias in estimating the numbers. Small adjustments to cash flow projections and the discount rates can sway a project\u2019s NPV from negative to positive. One way to control for this bias is to put the responsibility for analyzing an investment proposal under an authority independent from the individual or group proposing the investment. Best financial analysts can not only provide the numbers to highlight the value of a good investment but can also explain why the investment makes sense.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}