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Contrast top-down and bottom-up project budgeting

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Reference no: EM131676193

Please assist with the following two questions. These question relate to project management. Please keep that in mind.

1) Compare and contrast top-down and bottom-up project budgeting. What are the advantages and disadvantages of each?

2) If a firm uses a budgeting program for its projects, is an activity budget needed? If it is, then what value is the program budget?

Reference no: EM131676193

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