Capital budgeting is always a hot topic in corporate America, and even in governmental and not-for-profit organizations.Capital budgeting involves allocating scare resources to competing projects in order to increase shareholder wealth.?

Attached is a link article where corporate executives discuss the practicalities of managing a capital expenditure program. I like how the article refers to this as aprogram, as capital budgeting is not a one-time event, or a group of individual projects. What does a "capital budgeting program" mean to you?