Analysis Tools to Drive Decisions

highlights the challenges property managers face in driving decisions for capital projects within condominiums. Board members often hesitate due to costs and lack of information. The article introduces the concept of alternative scenario analysis to aid managers in decision-making. By assessing various scenarios and considering financial and qualitative factors, managers can guide boards effectively. The article provides examples of using alternative scenario analysis to evaluate projects and presents cash flow analysis and net present value (NPV) calculations. It emphasizes the importance of understanding the needs of the board and community and making informed decisions based on a holistic assessment.