Treating payback or NPV as reliable while the project object, alternatives, verification path, or financing shell hides selection or realization risk.
Practical Guides Practical Guide
CFOs
Capital allocation, financing shell, payback/NPV quality, risk visibility, and durable economic effect.
- What assumptions drive the value case?
- Does the financing shell change control, upside, remedies, or verification burden?
- What records will show whether capital converted into durable economic effect?
- Financial model assumptions
- Admissible alternatives and ranking rationale
- Contract and financing terms
- Acceptance, guarantee, and measurement records
SELRA frames the apparent investment object separately from the lifecycle value proposition being funded.