Question: What is the difference between project and category oriented budgets
What is the difference between project and category-oriented budgets?
Answer to relevant QuestionsDiscuss ways in which to keep budget planning from becoming a game.What are some potential problems with the top-down and bottom-up budgeting processes? What are some ways of dealing with these potential problems?Describe their “de-scope,” “lien list,” and “cash reserve” approaches.Does being off by 150% in the estimate for human resources required for a project surprise you? What do you think happened? How do you think they managed to accommodate this change without exceeding the budget?What is “slack” and why is it important?
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