The term "capital project" refers to a large-scale investment in physical assets or infrastructure that is intended to generate long-term benefits for an organization. These types of projects are typically characterized by their high cost, complexity and duration, as well as the need for careful planning and execution to ensure successful outcomes. Capital projects can include anything from building new facilities, upgrading existing ones, purchasing major equipment or machinery, expanding operations into new markets or territories, or implementing large-scale technology initiatives. The goal of these investments is often to improve efficiency, increase productivity, enhance competitiveness, and ultimately drive growth and profitability for the organization.