ACCA PM | Budgetary systems and types of budget - Beyond budgeting •

[@RossMaynardProcessExcellence]

Excellent summary. Another problem of BB would seem to be that the "forecast" will tend to match "reality" during the year as managers seek to show that they have performed as well as they could have. In a sense this means there will be no stretch targets and no incentive to perform "above and beyond" - we just adjust the forecast downwards. I am not saying traditional budgeting is good - far from it - just that BB leaves as much scope for "gaming" or avoiding blame for poor performance as the old way.