Capital budgeting requires allocating money to projects and opportunities that add value to an organization’s goals.
Capital budgeting requires allocating money to projects and opportunities that add value to an organization’s goals. A project manager in the field of criminal justice may be required to evaluate or justify funding for major projects or investments that are a part of an organization’s capital budget.
Refer to the budget you selected for the Week 2 summative assessment.
- Briefly describe the organization and the budget you selected.
- Describe any funding provided for capital expenditure. What is the purpose or value of the item(s) you identified?
- Summarize the justification provided by the organization to obtain funding for these items.
- Explain any conditions related to receiving the funding.
- If no funding is provided, complete the following steps:
- Review the Inflation Reduction Act of 2022. Note: The Inflation Reduction Act of 2022 is a modified version of the Build Back Better bill.
- Describe how the federal government funds capital expenditure projects.
- When responding to classmates, comment on or ask questions about the budget items in their budgets (e.g., how drastic was the need before it was funded, what surprises you about the need for funding provided, etc.).
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