Objective: To provide you with an opportunity to monitor expenditure and costs on an agreed cyclical basis to identify cost variations and expenditure overruns.

Question: Create a list of all the areas of expenditures and costs within your department/team that you typically need to monitor each year. Have these changed much over the last three years? Note the quarter for which these expenditures and costs are traditionally at their highest value. Identify areas where expenditure has exceeded the budget in the past and why. ( minimum 300 words)