5.1 Budget
Practice terms
Created Date
11.01.21
Last Updated
11.01.21
Viewed 2 Times
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Topics of this game:
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process that begins at lowest levels of management and filters up thru org
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Takes into account at least 12 months of data
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Operating plan that starts at zero, each individual item must be justified
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Created by management and then pushed down to the rest of the organization
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Allows management to explain changes to the budget as it is circulated
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Puts targets on revenue that could be easily achieved vs where it fails
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An operating plan that is expressed in dollars
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