Revised Project Budget

Very often the project budget prepared at the beginning may need revision  from time to time during the execution of work. Revision may have to he done due to the following reasons: 

1. Progress actually achieved varies when compared to the planned targets. Some of the activities may he delayed or may be fished earlier. 
2. Variations become necessary due to either addition, deletion or alterations 
3. Prices may undergo changes during the execution. 

The net result of the above may change in the programme of works and programmed expenditure. The constraction supervisor will leave to evaluate the changes correctly and their effect on the budgets so to formulate revised project budget.