Preliminary budget estimate using bottom-up approach

Assignment Help Operation Management

Reference no: EM132214205

Instructions:

Review the scenario and answer:

1. Choose an everyday project (cleaning up a yard’s worth of fall leaves, hosting a garage sale, or mailing out holiday cards, for example). Prepare a preliminary budget estimate using a top-down approach —

2. Assume you’re the head of household and have the finances of entire family in mind. Then prepare a preliminary budget estimate using a bottom-up approach

3. Assume you’re a child in the family who’s been assigned the work of the project. How did the budgeting process seem different when working with each method? Did the processes produce different budget estimates?

Reference no: EM132214205

Questions Cloud

Trading across borders and enforcing contracts : Trading Across Borders and Enforcing Contracts, relevant industrial and consumer trends, quality of infrastructure, potential for online business, etc.

Contrast the matrix organisational breakdown structure : Compare and contrast the matrix organisational breakdown structure and the functional organisational breakdown structure and based on this comparism,

Companies to pursue global market for products and services : escribe and explain the reasons for companies to pursue a global market for their products and services.

Weight watchers-slim-fast and jenny craig created value : How have Weight Watchers, Slim-Fast, and Jenny Craig created value?

Preliminary budget estimate using bottom-up approach : Assume you’re the head of household and have the finances of entire family in mind. Then prepare a preliminary budget estimate using a bottom-up approach

What is the break-even point in unit sales : What is the break-even point in unit sales?

Begin with focus on results being sought : Effective accountability means that there is a clear understanding of the results being sought throughout the entire organization.

Controlling health care costs and ensuring provider quality : Having such control over networks is one approach to controlling health care costs and ensuring provider quality.

Organizational goals and organizational performance : Articulate in your own words the relationship between organizational goals and organizational performance.

User Account

All Pages