capital budgeting as a six-stage process:

1. 1. Identify project proposals. Develop and provide preliminary screening of project proposals.
2. 2. Estimate project cash flows. Identify and estimate the incremental, after-tax cash flows for a proposed project.
3. 3. Evaluate projects. Determine the financial viability of a project by evaluating the project's incremental after-tax cash flows.
4. 4. Select projects. Choose the projects that best meet the selection criteria.
5. 5. Implement projects. Determine the order of implementation, initiate, and track the selected projects.
6. 6. Perform a post completion audit. Periodically compare the actual cash flows for the project to the prior estimates in the capital budgeting proposal.

Please provide some examples of each step from your professional experience or from examples highlighted in the financial press or trade publications