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Would you prefer the bottom up or top down budgeting approach for project cost control and why? |
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Answer» Advantages: With top-down budgeting, only the EXECUTIVE team is involved and thus lower MANAGEMENT does not have to take TIME to prepare the budget. ... Bottom-up budgeting. With a bottom-up APPROACH, the process starts in the individual departments where managers create a budget and then SEND it upwards for approval. |
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