Budgets have increasingly been used as a management
performance measure as well as a cost reduction tool and
it is in this context that it is being questioned as to
the value derived against the effort required. In fact
in the current business climate of rapid change budgets
often are constraints to success. The role of the
finance function too is changing and with increasing
value added being demanded from all areas of an
organisation the long term sustainability of budgeting
as a prime focus of the finance function is being
challenged. Should organisations be moving away from
budgets? pdf
