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?
Post your question