Budgets

This assignment supports the following objectives: 

Apply both top-down and bottom-up budgeting procedures for cost management
Perform the following tasks.
Step 1: Post a response to the discussion board.
Post your response to the following question on the discussion board. If appropriate, include personal experience in your response.
How are top-down and bottom-up budgets created? What advantages does each approach hold over the other? Would you prefer the use of top-down budgeting or bottom-up budgeting for your selected project?  Why? Utilize your readings and provide an example or two to support your answers.