You've been asked to reduce the budget by 10%. What
criteria will you use in identifying the budget reductions?
Answers were Sorted based on User's Feedback
I will concentrate on Business Process re-engineering.Every
business process should be analysed in to small segments
and each segment should be further divided into procedure
and process and from these basic procedure, eliminate
unworthy area of process and procedure thus by doing this
kind of exercise for each area we can reduce our budget
with out compromising quality
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / maitreyee
I will reduce the resources which are not helpful for
achieving the profit.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / surekha
I will Concerntrate on weak points of the organisation
which are increasing the cost and achieve the same by
minimising the same.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / surya parashar
to reduce 10%budget.i would reduce time and resource to
meet the objective.
Is This Answer Correct ? | 4 Yes | 2 No |
Answer / prasad
Curtail the unnecessray expenditures...in
operations,SCM,Marketing & all related departments by the
way of VA/VE, process improvements,modifications,use of
alternate process/materials and process imprpovement by the
way of decreasing cycle time using work study/analysis......
Too many options to be considered depending on type of
industry and volume...
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mohan ram
I'll make qualitative approach in every field nd use d
resourse optimum.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nimesh
i will consentrate on inventory management and promotional
expensis. and try to reduce unnecessory expensis.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / poonam
Reducing excess stock, work in progress and reducing the
time taken from raw material to finished product.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pranav
budget is goal of organisation quantified in numericals
how to reduce budget by 10% will depends upon for what
budget is made eg., sales, production
as from above question it is clear that budget is alredy
made i will reduce all variable contibuting to it to
such extent that budget is not affected qualitativly
and is in adherence to policy of organisation
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / deepak
SWOT / PERT - CPM Analysis would be the best to reduce the
cost
Is This Answer Correct ? | 1 Yes | 1 No |
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