Discuss concept of the top-down and bottom-up budgeting

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Reference no: EM131866468

Question: 1. What is the difference between top-down budgeting and bottom-up budgeting concepts? When would you use one concept versus another? Based on your experience, which one is more effective and why?

2. What is meant by crashing a project and what effect does this have on the budget?

Reference no: EM131866468

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