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Bottom-Up and Top-Down Budgets

Bottom-up and top-down are the two traditional approaches to estimating project budgets. Contrast the strengths of bottom-up and top-down approaches to project budgeting.

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Bottom-up project budgeting utilizes the experience and knowledge of staff members as well as lower-level managers in estimating budgets for projects. As a result, bottom-up is a strong approach where lower-level ...