Infographic: Budgeting Methods For Your Laboratory
Laboratories use various budgeting methods to arrive at their operational expenses.
| INCREMENTAL | Increment/deduct previous budget by a factor for the upcoming financial year. |
| ZERO-BASED | This method involves preparing everything from the beginning. |
| TOP-DOWN | The budget is fixed and laboratory managers are required to identify activities within the allocated budget. |
| BOTTOM-UP | The individual departments identify the budget needs and it gets added upwards till the top |
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