Monitor and track capital projects and budget spending

Trigger: A capital project commences execution and begins incurring active expenditures against its approved budget.

1. Establish capital project budget baselines
2. Record actual capital expenditures
3. Compare actual spending against the approved budget
4. Analyze budget variances and root causes
5. Report financial progress to project stakeholders
6. Update capital spending forecasts

Outcome: Project expenditures are fully reconciled against the budget, with variances identified and forecasts updated to maintain financial control.