Sanctioning investment
Civil Engineering Procedure 7th Edition, published by the Institution of Civil Engineers (ICE) suggests that the term 'sanctioning' is:
| ...used in civil engineering to mean deciding to invest in a project, and not used to mean punishing. |
The individual who decides whether or not the proposed investment in the project should be made is sometimes referred to as the investment decision maker (IDM).
They should assess the project at key stages in its development, and should not allow the it to proceed unless they are satisfied that sufficient analysis has been carried out, with the appropriate advise, and that the analysis provides adequate justification for continued investment.
They typically consider the success of the project in relation to the overall business, and so the final decision to make the investment is made in the context of business drivers and benefits.
[edit] Related articles on Designing Buildings Wiki
Featured articles
Check out some of the best features and news from Designing Buildings as well as key stories from around the web.
Historic England publishes research into embodied carbon when retrofitting traditional buildings.
New Prime Minister delivers on ECA call for cut in electricity costs.
CIOB reacts to the announcement of Andy Burnham as Prime Minister.
Heritage and conservation science workforce survey - Have your say.
England's Suburbs 1820-2020. Book review.
New, more proportionate and targeted approach for higher-risk building assessments.
Government brings British Steel into public ownership.
UKCW Birmingham returns with bold new theme and focus.
New guidance published on competence requirements for self-certification schemes.
Construction Management, 8 July
NEETs crisis drives interest in trades, but apprenticeships barriers remain.
Passive fire protection webinar
MEP services penetration seals.
Where its at podcast (and video) - The role of the Architectural Technologist as an Expert Witness.