This measure calculates the number of calendar days (including weekends) to complete a site's planned budget for capital expenditures (e.g., property, plant, or equipment) that has been approved by all necessary levels of management. It is part of a set of Cycle Time measures that help companies analyze the duration of the "perform fixed-asset accounting" process from beginning to end.
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Cycle time in days to complete an approved capital expenditure plan
Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.