Preparing a Budget: Top-down and bottom-up approach
Not what you're looking for?
Identify and describe a project where the top-down budgeting approach would be most appropriate. Detail your rationale for the decision and list the advantages for using that approach. Next, identify and describe a project where the bottom-up budgeting approach would be most appropriate. Provide your rationale for deciding on the use of that approach and list the advantages of using it.
Purchase this Solution
Solution Summary
This solution looks at top-down budgeting and the advantages of this approach. Examples are given of bottom-up budgeting and appropriateness of the approach. Advantages are listed.
Solution Preview
Managing project budgets TOP DOWN
Top down would be all direction coming from the Project Manager. All objectives, guidelines, information, plans and funding would be determined by the Project Manager. This would include all budgeting. The expectations would be communicated to the project team.
An example of a Top Down budgeting Approach
In a company where I worked: Linamar Corporation, the owner Frank Hasenfratz started the company and was very skilled at the operations. When you would take on a project, he would control all budgets and be able to identify any ...
Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media
Operations Management
This quiz tests a student's knowledge about Operations Management
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.