Capital Projects are large-scale investments that require significant capital expenditure for the development of new or existing assets. They involve high levels of risk and can have long-term impacts on the financial performance of an organization. Capital Projects are often used to fund the creation of infrastructure, such as roads, bridges, and buildings. Companies also use Capital Projects to finance research and development activities, as well as to acquire new technology. The success of a Capital Project is typically measured by its return on investment, which is calculated by comparing the costs associated with the project to its expected benefits over a specified period of time.