Which of these is a benefit of assessing competition among capital projects?

Assessing competition among capital projects allows for the examination of how well each project aligns with the larger community goals. This process helps decision-makers identify which projects will provide the most benefit or fulfill strategic objectives efficiently. By comparing the needs of various projects against these community goals, it becomes easier to prioritize funding toward those initiatives that resonate more significantly with the overall mission and values of the community.

Additionally, this assessment can shed light on potential overlaps between projects or identify areas where combined efforts may yield a stronger return on investment. The assessment encourages a strategic approach to resource allocation, ensuring that funds are directed toward initiatives that not only are necessary but also advance the community's vision for development and improvement.