Question

Prior to this lesson were you able to appropriately allocate budget on your allowance

Answer 1

Explanation:

There are two ways of allocating budget against the allowance.

In forward-looking approach, top down methodology, it starts with the overall budget, then comes down to intermediate milestones, then these milestones are subdivided into micro level budgets which are each analysed for costing and scheduling

The other approach is backward-looking, bottom-up methodology, it starts with the end target in view, analyze the micro-level budgets and schedules, then pick all these elements into the higher level budgets and intermediate milestones