Budgets can be useful tools for planning and control, but they can also prevent challenges for many managers and spur unintended negative consequences. Some companies have begun exploring alternatives to traditional master budgeting.

Carefully review each resource and provide a thorough assessment of the benefits and drawbacks of traditional budgeting practices. Explain weather you support a company's use if a traditional budget or recommend a an alternative approach. Support your viewpoint by directly citing from your learning resource you chose to use.