A measure that can indicate the realism used to set a budget. A common reason for the failure of initiatives is the setting of unrealistic budgets. Because of time constraints, budgets are often the product of ‘gut feel’ from those outside a potential project based upon manpower/man-hours required. Improvement initiatives benefit from being run by…

BPIR Categories

11.1.1 Develop budgets
15.6.11 Financial management

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