1. Describe the top-down budgeting process as well as the bottom-up budgeting process? 2. What are the advantages of each top-down and bottom-up budgeting process? 3. What is the most important task for top management to do in bottom-up budgeting?

4. Please explain when project managers should use fast-tracking or crashing. (Please provide specific examples for each one of the methods) Reference would be lovely. Thank you!