What are the problems of the top-down budgeting approach?
budgeting process are to more difficult to get buy in and leads to low level competition for larger shares of budget
Zero based budgeting is a really good approach to planning and making decision which is the opposite of traditional budgeting. The term "zero-based budgeting" is sometimes used in personal finance to describe "zero-sum budgeting", the practice of budgeting every dollar of income received, andthen adjusting some part of the budget downward for every other part that needs to be adjusted upward.
What are the advantages and disadvantages of using the bottom-up approach or top- down approach to developing the system architecture?
Bottom-up advantages -it involves the people around the province (the local people) -it save much more energy. -it is much cheaper. disadvantages -it does not impact on a lot of people. -this idea is driven by the existing infrastructure instead of the business process. for top-down i think this web will help you http://smallbusiness.chron.com/advantages-disadvantages-topdown-planning-21385.html you are welcome.
A piecemeal approach is an approach that is used in the problem solving process. Solving problems one piece at a time to come up with a resolution. This approach is usually frowned upon when developing a safety program. Safety professionals tend to recommend converting from a piecemeal approach to a systems approach.
Discuss the limitations of traditional budgeting and explain how zero based budgeting could overcome the limitation of traditional budgeting?
How an activity-based capital budget differs from a conventional capital budget and describe the impact of activity based costing on capital-budgeting decisions?
Activity based budgeting is a technique that focuses on costs of activities or cost drivers necessary for production and sales. Such an approach facilitates continuous improvement. Conventional capital budgeting Conventional: Based on or in accordance with general agreement Capital budgeting is the planning process used to determine whether an organization's long term investments such as new machinery, replacement machinery, new plants, new products, and research development projects are worth pursuing. It is budget for major…