This category covers all aspects of performance management such as budgeting, forecasting, performance measure and performance evaluation.
Introduction All organizations work in hierarchical set up, approached differently according to each one’s needs. The top-down and bottom-up approach in budgeting are two approaches of decision making in an organization. These approaches can apply to any planning and decision making process e.g. forecasting, budgeting, and financial decision making. The choice between these two approaches […]
Top-Down and Bottom-up Approach in Budgeting Read More »
Introduction Budgets are an important tool for performance management for any business, even individual budgets. Budgets help management in planning, monitoring, and controlling performance measurements. In private businesses; the performance objectives are financial, quantitative in nature, and well defined, so the budgeting process is easier. Whereas, in the public sector the stakeholder objectives are often
What is Incremental Budgeting, A Traditional Approach? Read More »
