Which of the four budget techniques would you like to use the most and why? Be specific about i’s benefits, how practical it may be to implement and use, and any other reasons for your choice.

Discussion

Read the Sannwald textbook on the four budget techniques: (1) Line-Item, (2) Program Budgets, (3) Performance Budgets and (4) Zero-Based Budgets (pgs. 87-94) (Attached readings below).

Answer the question: Which of the four budget techniques would you like to use the most and why? Be specific about i’s benefits, how practical it may be to implement and use, and any other reasons for your choice. You may find it useful to read/review other sources on these techniques and/or trends in library budget techniques.

You may also choose from the techniques in the resource listed here:
This web page has some brief but interesting points about different budget techniques. Instead of four techniques, it describes six techniques. The information on each is brief, but there is a great deal of food for thought from these. https://www.wallstreetmojo.com/budgeting/#1-incremental-budgeting

The six techniques this describes are: (1) Incremental, (2) Zero-based, (3) Activity Based, (4) Participative, (5) Negotiated and (6) Value Proposition.