What are the advantages of top-down centralised approaches, Project Management

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What are the advantages of top-down centralised approaches?

The advantages top-down centralised approaches

Project budgets can be imposed by using top-down that is centralised approaches as like project board sets the budget:

Advantages

a. Only a specific level of funding available as like 'client constraint'

b. Much earlier process to set and impose for example less consultation needed

c. The project board may have extra financial experience

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