5 Develop the capital expenditures

5 Develop the capital expenditures budget:
(a) Strategic plan- Replan and extend the long-term plan by dropping the past year and adding one year into the future.
(b) Tactical plan- Develop a detailed annual capital expenditures budget, by responsibility center and by time, that is consistent with the comprehensive profit plan.
6 Establish control of the capital expenditures during the budget year by using
periodic and special performance reports by responsibility centers.