What would you consider the most challenging or difficult aspect of the capital expenditure process and why (for example, when the company embarks on changing its current accounting information systems to an ERP system)?

Capital budgeting decisions depend on a variety of considerations such as availability of funds, the relationship among projects, and the risk associated with a particular project.

What would you consider the most challenging or difficult aspect of the capital expenditure process and why (for example, when the company embarks on changing its current accounting information systems to an ERP system)?

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