Where does bottom-up financial planning primarily gain information for creating budgets?
Where does bottom-up financial planning primarily gain information for creating budgets?
Bottom-up financial planning involves gathering detailed information from all known individual tasks and projects to create a comprehensive budget. This method ensures that specific, known expenses are accurately accounted for, providing a detailed and precise budget projection for the next budgetary cycle.
C should be answer
D is limited to OPEX, so C is the right answer
C is the answer
Answer is C.
Answer is C
Bottom-up financial planning involves gathering detailed information from individual tasks, projects, or departments to create a comprehensive budget. This method starts at the lowest level of the organizational hierarchy and aggregates the costs upwards to form the overall budget. It ensures that all specific, known expenses are accounted for, providing a detailed and accurate budget projection.