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What is participative budgeting?

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Question added by Shameer Nazir Madari , Assistant Finance Manager , METAL AND RECYCLING COMPANY K.S.C. (PUBLIC)
Date Posted: 2016/04/22
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by Deleted user

Participative Budgeting is process of involving all the department heads in the process of budget discussion.

Each department head has to provide their view and requirement as well as contribution to the budget process. They have to give their requirement and justification for the allocation for resources to their department. The benefit the company is likely receive from the allocation of resources

 

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