A project should be such that it should give the company a good return on investment.
Step-by-step explanation:
First we need to asses the reality of the business
A company should under what it is looking for whether it wants to increase the productivity or change the equipment that are being used.
External consultant point of view
While investing in a large scale we should always consult an external who would help you to understand the needs as well as give you a proper path. Also help you to use your resources properly.
Investment in updated technologies
While investing in a new equipment the company should keep in mind whether it is updated one or not because the updated equipment will help in more production as well as help in earning profit.
Cost saving
While investing in new equipment we always need to keep in mind the cost benefit analysis . If we are getting more benefit than the cost then it is the good proposal but if the cost is more than the benefit then it would be advisable not to invest in that business.
Increase the productivity
Most important factor while investing in an equipment is that to see whether the equipment will help the company to produce in huge amount or not . Also we need to see whether it would be able to fulfill the demand of the consumers or not.