Tag Archives: Disadvantages and Tips

Bottom-Up Budgeting – Definition, Advantages, Disadvantages and Tips

Bottom-up budgeting is a type of financial budgeting in which companies let each department set their own budget estimates . Top management then reviews the estimates made by each department and once agreed, a high-level budget for the entire organization is formed by adding up the estimates for each department. This method of budgeting, which is also called participatory budgeting, involves… Read More »