Abstract
An investment proposal, when approved by management, should not be regarded as an irreversible authorisation to proceed with the project itself but rather as an authorisation to proceed on the basis of the cash flows estimated in the proposal. A reliable system is needed to monitor and control the subsequent performance of projects and it must concentrate in particular on the following factors:
1. Control of timing and expenditure up to the start of operations (pre-commencement control).
2. Post-audit project reviews.
3. Timing of replacement.
4. Timing of abandonment.
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© 1979 Richard J. Briston and Jack Liversidge
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Briston, R.J., Liversidge, J. (1979). Post-decision Control. In: A Practical Approach to Business Investment Decisions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-02136-9_10
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DOI: https://doi.org/10.1007/978-1-349-02136-9_10
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-02138-3
Online ISBN: 978-1-349-02136-9
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