For_Immediate_Release:
Planning, Budgeting, and Evaluation
Silicon Networks
July 17, 2006
Abstract
The keystone of managerial control has been planning, budgeting, and evaluation. President Jimmy Carter introduced Zero Based Budgeting as a tool to control governmental spending, which was met with limited success.
Planning, Budgeting, and Evaluation
‘Planning, budgeting, and evaluation’ is an outdated management tool with marginal success in the 1980’s.
The keystone of managerial control has been planning, budgeting, and evaluation. President Jimmy Carter introduced Zero Based Budgeting as a tool to control governmental spending, which was met with limited success.
Albert C. Hyde in several articles has recommended Zero Based Budgeting from projects originating at Shell Oil in Houston. Programs designed for governmental auditing and control when transplanted from the public sector to the private sector have been met with limited success.
TRW Automotive experimented with a number of metrics in controlling the enterprise. According to Christopher Koch, “Calculating IT spending as a percentage of overall revenue is easy, popular… and misleading.”
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