Purchase Solution

Bottom-up budgeting

Not what you're looking for?

Ask Custom Question

Do you see a conflict between the project manager (supporting the bottom-up budget) and the senior management (supporting the top-down budget)? Discuss, with examples (real or fictitious), how you as the project manager would attempt to convince the senior management of the bottom-up budget.

Please provide a reference that is not a website.

Purchase this Solution
Solution Summary

The solution discusses the benefits of bottom-up budgeting.

Solution Preview

Yes, I do see a conflict between project manager and senior management with respect to selecting a budgeting approach. Management prefer top down approach to seek more control in the budgeting process whereas project manager prefer bottom up approach to engage in a collaborative ...

Solution provided by:
Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
  • "Thanks"
  • "Thanks"
  • "Very good! "
  • "thanks"
  • "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.

View More Free Quizzes
Related BrainMass Solutions

  • Bottom-Up and Top-Down Budgets

    510823 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.

  • Period and product costs

    There is also an examination of the top down and bottom up budgeting and a description of the budgeting method that I prefer.

  • Centralized or decentralized budgeting, bottom-up/top-down.

    477822 budgeting 1. Prefer a centralized or decentralized approach to budgeting, why? 2. What is meant by bottom-up or top-down with regard to budgeting? 1. Prefer a centralized or decentralized approach to budgeting, why?

  • Top down vs. Bottom Up Budgeting

    382655 Which is better the top-down budgeting process or the bottom-up methods? Why? Which is better the top-down budgeting process or the bottom-up methods? Why? Neither top-down budgeting or bottom-up budgeting is better.

  • Budgeting and Network

    Top-down Budgeting versus Bottom-up Budgeting Budgeting is an important aspect of project management. There are two approaches of budgeting- top-down and bottom-up. Top-down approach is most widely used in contemporary project management.

  • Preparing a Budget: Top-down and bottom-up approach

    Examples are given of bottom-up budgeting and appropriateness of the approach. Advantages are listed.

  • Bottom-up sales management budgeting

    79426 Key elements in bottom-up sales management budgeting What are the key elements in bottom-up sales management budgeting? Budgeting is one of the tools of the management control.

  • Project Management, Budgeting, and Project Networks

    In addition, the chances of cost overrun are higher in bottom-up budgeting. Bottom-up budgeting is effective, yet it must be managed in a different manner in order to reap the benefits without falling prey to cost overruns.

  • Analysis of Credit Bureaus & Top-Down/Bottom Up Budgeting

    Bottom-up and top-down are the traditional approaches to estimating project budgets. Constrast the strengths of bottom-up and top down approaches to project budgeting. Thanks for your question!

View More Related Solutions