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Question
You've been asked to reduce the budget by 10%. What 
criteria will you use in identifying the budget reductions?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 1
to reduce 10%budget.i would reduce time and resource to 
meet the objective.
 
Is This Answer Correct ?    0 Yes 0 No
Surya Parashar
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 2
I'll make qualitative approach in every field nd use d 
resourse optimum.
 
Is This Answer Correct ?    0 Yes 0 No
Mohan Ram
 
 
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 3
I will reduce the resources which are not helpful for 
achieving the profit.
 
Is This Answer Correct ?    1 Yes 0 No
Maitreyee
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 4
i will consentrate on inventory management and promotional 
expensis. and try to reduce unnecessory expensis.
 
Is This Answer Correct ?    0 Yes 0 No
Nimesh
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 5
i will concentrate on inventory management and promotional 
expenses. and try to reduce unnecessary expenses.
 
Is This Answer Correct ?    0 Yes 0 No
Mittal
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 6
Reducing excess stock, work in progress and reducing the 
time taken from raw material to finished product.
 
Is This Answer Correct ?    0 Yes 0 No
Poonam
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 7
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 ?    0 Yes 0 No
Surekha
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 8
SWOT / PERT - CPM Analysis would be the best to reduce the 
cost
 
Is This Answer Correct ?    0 Yes 1 No
Deepak
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 9
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 ?    1 Yes 0 No
Prasad
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 10
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 ?    1 Yes 0 No
Mohd Abdul Qader
 
  Re: You've been asked to reduce the budget by 10%. What criteria will you use in identifying the budget reductions?
Answer
# 11
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 ?    0 Yes 0 No
Pranav
 

 
 
 
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