In the capital budget cycle, which phase immediately follows project evaluation?

In the capital budget cycle, which phase immediately follows project evaluation?

• A. Funding appropriation
• B. Needs identification
• C. Procurement/construction
• D. Project monitoring/evaluation

Answer: (A)

After evaluating a project, the next step is to obtain the funds needed to actually carry it out. This phase, funding appropriation, provides the legal authority to commit resources in the capital budget. Without appropriated funds, the project can’t move into procurement or construction, so funding must come right after the evaluation determines a project’s merit. Later stages then cover procurement/construction and ongoing monitoring/evaluation. Needs identification and initial screening happen earlier in the cycle, before evaluation.

After evaluating a project, the next step is to obtain the funds needed to actually carry it out. This phase, funding appropriation, provides the legal authority to commit resources in the capital budget. Without appropriated funds, the project can’t move into procurement or construction, so funding must come right after the evaluation determines a project’s merit. Later stages then cover procurement/construction and ongoing monitoring/evaluation. Needs identification and initial screening happen earlier in the cycle, before evaluation.