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Robert Brown

Digital Advisor,

TEDCRED 200+

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How can we fix the budget process?

How can we fix the budget process?
An entity requests a budget to deliver a product or service. It may be approved but in my experience they are never given what they ask for and it is usually reduced by some amount. This reduction forces the entity to adjust their ability to deliver based on the allocated budget.
1. Do entities ever offer up an inflated budget to get what they really need? If so, how do we identify an inflated budget?
2. If the entity doesn't spend their entire budget should shareholders, investors or taxpayers get a rebate?
3. What if the entity was innovative and delivered cheaper/faster/better? Should the entity be rewarded for saving budget dollars? Should it be handled differently if the entity is public, private, corporation, non-profit, government etc...?

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