Advantages of participatory budgets
- Information from employees most recognizable with each unit’s needs and constraints is included.
- Knowledge spread amongst numerous levels of management is pooled together.
- Morale and motivation is improved
- Acceptance and commitment to organization’s goals and objectives by operational managers is increased
- Co-ordination between divisions is improved
- Operating management are able to develop plans which tie in within organization goals and objectives
- Specific resource requirement are included
- Senior managers overview of the organization is mixed with operational level details
- An expression of the expectation of both senior management and subordinate is provided.