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If a project will have a long payback period, strategic facility plans should be linked to the project, thus increasing the chances the project will be approved.
Strategic facility plans are proactive and strategic processes that assist companies in aligning their long and short-term facility plans to their business strategies. Thus if a project has a long payback period, it will increase the chances of it getting approved.
The Strategic facility plan typically involves the whole real estate (facility or network) portfolio, but it can also concentrate on a single element of the plan. It is a high-level, defensible, data-driven examination of what strategic solutions and facilities are required for a company to achieve its business objectives.
To learn more on strategic facility plans: brainly.com/question/28098087
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