Question

What is the current budget inclusive of all change orders? It is calculated by adding the original budget to the scope changes column.

Answer 1

The current budget, including all change orders, is found by modifying the original budget based on scope changes. Additions and subtractions in the scope changes column are calculated to reach the adjusted budget.

Step-by-step explanation:

The question concerns the calculation of an adjusted budget in a project management or accounting context. To calculate the current budget, inclusive of all change orders, you would start with the original budget and add any additional costs or deductions detailed in the scope changes column.

For example, if your original budget was $100,000 and the scope changes column includes an additional $5,000 for extra materials and a reduction of $2,000 due to a change in work scope, you would add $5,000 and subtract $2,000 from the original budget, resulting in a current budget of $103,000.