Question

How does the actual amount left to spend differ from the budgeted amount for the remaining three months of the project?

Answer 1

Answer:

The left(in actual) can be more or less than the budgeted for the remaining time. Suppose some resource fell ill or got damaged, you are going to invest in them, and get them back. However, for that, you need to spend money, and this reduces the actual left, as more of the budgeted is being spent. And this is the difference between the two, the actual left to spend from the budgeted for the remaining time of the project. However, the project managers keep an extra budget these days for such a situation, and hence this drawback in the project plan has already been removed, and the problem is solved.

Explanation:

Please check the answer.

The overexpense %

= (( Actual spent - Budgeted amount)/Budgeted amount) *100