What is the advantage of the bottom
|
- So I want to cover with you just a couple of advantages and disadvantages of using each one of these approaches, so you can get a little bit more familiar with them. There's nothing wrong with either one. You can use both of them. Of course, I actually do like the bottom up approach, because it's very justified, but not in every case can you actually use it. So let me give you some advantages and disadvantages. First of all, the advantage of the top down approach is it gives you a broad view of your revenue potential. It's simpler and it's more streamlined. It's going to be quicker to actually do. It's great for doing a feasibility analysis, as well, because you can do it very quickly. Generally, it's more optimistic, which I like because I'm optimistic, so you might like that, too. And you can generate a model. When you have lots of individual products to forecast, it's actually a little bit easier to do that. There are… Show
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing. Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app. You’ve probably heard of top-down and bottom-up in context of business management. Project management has taken these management approaches and adapted it towards project planning. In this blog post, we’re going to explain the two approaches and their advantages as well as disadvantages. Project management has changed a lot since its modern beginnings in the 1950s. While traditional, waterfall project management dominated the discipline for a long time and is still widely used today, another methodology has emerged: Agile project management. The way project decisions are made and how the project is has also evolved. While top-down planning is still prevalent in many organizations, the bottom-up planning method is also widely used. Planning projects top-downTop-down is still a widely used approach to project planning. It means that any decisions and objectives come from upper management, who will then communicate this to the project manager, who in turn communicates the goals to the project team. In terms of project execution this means that the project manager creates a project plan first and then decides which activities and tasks the team has to do. AdvantagesThe advantage of this approach is that decisions can be made and implemented very quickly. This is particularly important when time is limited. The other benefit of top-down project planning is that it helps align the project goals with the organization’s strategic goals as upper management is giving the directions. DisadvantagesTop-down project planning has one big disadvantage: Because the team is not involved in the project planning, they might feel left out and as if they can’t voice their opinions. Furthermore, the prerequisite for top-down projects planning to work is that communication is clear. Unspecific requirements and expectations can quickly lead to misunderstandings which can ultimately result in the project failing. Remember that the team is not involved in the planning and thus, does not know the details of the project. It’s the project manager’s responsibility to communicate the goals that upper management has set. Planning projects-bottom-upBottom-up project planning means that it’s not upper management communicating the project objectives to the team, but the team identifies the project’s objectives and the corresponding tasks, which are then sorted into various activities and work packages. Based on the identified tasks, the project manager will create a project plan and schedule. AdvantagesThe advantage of bottom-up planning is that the team members, i.e. the people who are actively working on the project, have a say in the project planning and decisions are made collaboratively. This will improve team communication and team building, and also empowers the team members. As a result it will motivate them to do their best to achieve the project goals. Identifying tasks first also leads to a more detailed project plan, with a potentially more accurate schedule. DisadvantagesBecause the project plan is much more detailed, the planning phase is much more time and effort consuming, compared to the top-down approach. So bottom-up planning is not suitable for time sensitive projects. Bottom-up planning also requires a clearly defined scope and control process, otherwise it’s at risk of getting out of control. How bottom-up planning works in practice: Top-down or bottom-up?Now that we’ve had a look at the two approaches, which one is better? As you can see, each approach has its advantages and disadvantages. There are several factors you need to take into account when deciding on one or the other approach. Whether bottom-up or top-down planning is right for you depends on:
The best approach is to find a balance between the two approaches. For example, upper management will consult with the team to identify the project’s goal, but has the power to make the ultimate decision. What are the advantages of bottomHere are eight benefits for managers who use a bottom-up approach for their company:. Improved employee trust. ... . Greater collaboration. ... . More synchronicity between managers and employees. ... . Faster innovation. ... . Fewer knowledge gaps. ... . Faster risk identification. ... . More diversity in knowledge and skills. ... . Improved morale.. Why is bottomWhile a bottom-up approach allows decisions to be made by the same people who are working directly on a project, the top-down style of management creates distance between that team and decision-makers. This can lead to poorly-informed decisions if leadership doesn't ask for input or feedback from their project team.
What are the advantages and disadvantages of the bottomThere are advantages and disadvantages to both approaches. Bottom-up budgeting often results in a more accurate budget, but it also requires significantly more time and resources to complete. In some cases, bottom-up budgeting may have the downside of resulting in cost overruns as well.
What are the advantages of top bottom approach?The Purposes of Top-Down and Bottom-Up Management Styles. Creating clear lines of authority.. Standardizing products and services.. Facilitating quality control.. Streamlining tasks and achieving goals quickly.. |
