Question: he differences between Top-down and Bottom-up budgeting approaches are a. Bottom-up budgeting is less accurate that top-down budgeting b. Top-down budgeting is more accurate that

he differences between Top-down and Bottom-up budgeting approaches are

Bottom-up budgeting is less accurate that top-down budgeting

Top-down budgeting is more accurate that bottom-up budgeting

Top-down budgeting assumes that the project plans have been created, based on which the budget can be preliminarily estimated. Whereas bottom-up budgeting is a derivative of top-down, where detailed project plans are required

Top-down budgeting assumes that since management is experienced with projects, they are therefore able to estimate project costs. Whereas bottom-up budgeting is based on the project plans as the first step

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