What is a Capital Improvement Program (CIP)?
A Capital Improvement Program (CIP) is a comprehensive plan that outlines the long-term infrastructure and facility needs of a community, organization, or government entity. It serves as a roadmap for prioritizing and funding capital projects, which are typically large-scale, long-term investments in infrastructure, buildings, and other physical assets. The primary goal of a CIP is to ensure that the community’s critical needs are met and that resources are allocated efficiently to support sustainable growth and development.
In this article, we will delve into the key components of a CIP, its importance, and how it can benefit a community or organization. We will also discuss the challenges associated with developing and implementing a CIP and provide some best practices for creating an effective and adaptable plan.
