05 Apr FIRST PERSON. Is the truth found in this chapter relevant to capital budgeting? I connect a lot
Is the truth found in this chapter relevant to capital budgeting?
I connect a lot of the contents of the passage with capital budgeting as it applies to sound project management. Capital budgeting requires the development of a specific scope based on a defined set of conditions of satisfaction. In 1 Chronicles 28, Solomon was given the condition of satisfaction that God needed to serve with unwavering devotion and a house in his honor must be built. Then, David continued by providing Solomon with detailed plans of what must be built. It was only at that point that David had enough information to develop a plan (including a budget) to execute. This is the same way capital budgeting occurs: the first step is understanding the needs of the organization. Once that is well understood, a scope that delivers on those needs should be created with specificity. Only then can planning and budgeting take place; if capital budgeting is done without a clear path forward, success is by chance alone.
Is capital budgeting consistent with biblical principles?
I believe the concepts behind capital budgeting are consistent with biblical principles. In capital budgeting, the goal is to identify the lowest cost method to secure financing and then verify whether or not that method provides value to the organization, and ultimately the shareholders. Biblical principles teach us that we are all obligated to be good financial stewards and fiduciaries of God’s resources. Therefore, the same concepts apply to both capital budgeting and biblical principles.
SECOND PERSON ;
- Is the truth found in this chapter relevant to capital budgeting?
Yes, what is found in the scripture is relevant to capital budgeting. David following God’s word assembled friends and family to build a temple. God did want to put all the work on one person but spread it out evenly so that all could share in the work of God. David with guidance planed out the jobs and funding of how the temple would be built. With a plan, a project can come to light. You can know all the materials, labor, and funds needed when having a plan.
- Is capital budgeting consistent with biblical principles?
Yes, it is consistent with biblical principles. Following through with a plan and sharing equal work so that one person is not burnt out or overworked is what God asked of his people.