Question

Would you prefer the bottom up or top down budgeting approach for project cost control and why?

Answer 1

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.

Answer 2

Explanation:

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.