Budgeting Disadvantges
Budgeting Disadvantages
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Budgeting Disadvantages SiteMap
Traditional Budgeting has many disadvantages:
  • Time consuming
  • Costly: (e.g. for a Fortune 500 company with a budget department costing $500,000 it was calculated to cost $5,000,000 to create and monitor the annual budget). CFO said he was not getting a good return on time and dollars spent in budgeting
  • 27% of companies say budget in obsolete before year starts
  • 67% of companies say budget is obsolete before June
  • Minimization exercise as employees often sand bag in order to ensure their bonus
  • Does not consider volume unless organization uses flexible budgeting
  • Employees don't think phone, electric, depreciation, amortization. They think in terms of their activities.

Call John Antos at 972-980-7407 to find out how Next Generation Budgeting can help you reach your goals and give your peace of mind.

Budgeting Articles
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Budgeting Disadvantages
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