Railroad Capital Investment Manual – 1981

I got a job in the Research Group at Canadian Pacific Railways (CP) in Montreal. It was type of internal consulting group and we tackled whatever weird issue arose.

My biggest task was to rewrite the manual for cost-justifying capital projects at CP. In the process, I was schooled by the old-bull line managers that my MBA knowledge didn’t quite cut it for investments that were expected to stand for 100 years or more.