Capital budgeting requires allocating money to projects and opportunities that add value to an organizations 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 organizations 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.