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Advantages of top-down budgeting as applied to project management?
Wiki User
∙ 14y ago
Top-down budgeting works the opposite direction of bottom-up budgeting. Top-down budgeting begins by estimating the costs of higher level tasks, and then those estimates will constrain the estimates for costs of lower level tasks. So the entire process of coming up with a budget will begin with upper-level management and an overall estimate of the entire project. Then the overall budget is divided among the first level of tasks, and then the budget is divided among lower level tasks and then lower level tasks. This continues until funding has been given to all of the tasks necessary for a project.
Wiki User
∙ 14y ago
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Advantages of bottom-up budgeting as applied to project management?
Bottom-up budgeting as applied to project management has advantages. It ensures the resources are getting to the people actually doing the work of the project.
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Advantages of bottom-up budgeting as applied to project management?
Bottom-up budgeting as applied to project management has advantages. It ensures the resources are getting to the people actually doing the work of the project.
Importance cost management in a project?
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.
advantages of hostel management system?
full project of hostel management system
What includes tasks such as planning budgeting organization staffing controlling and leading which are required to accomplish a specified project?
Management
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reduce risk of accidents
Various objectives of capital budgeting in project planning?
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What major should you get if you want to be a wedding planner?
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Explain use and advantages of squared networks in project management?
s
How IT project management is different from project management?
I do not see it as being different. Project management methodology and sound practices can be applied to all projects. That doesn't mean the projects work breakdown won't look different for a construction project versus an software project. But he 'management' of the project should follow the same or similar methodology.
What are the advantages of the architect over the project manager in project management?
This question requires an elaborate answer, here's an excellent article on the differences (and the advantages) between the project architect and the project manager: http://www.pmhut.com/project-architect-vs-project-manager
Does project management hampers work life balance?
No it doesn't. In fact, Project Management can improve every aspect of the business as well as the person's life and the others when applied properly.
How do you apply project management to a company's projects?
You must learn to do things your way. THE THING IS THIS INTERNET THING IS VERY BORRING FOR ME. 2.2 Explain how project management can be applied to your company's projects.
