Problems, limitations, and risks of the program budget
ResearchPublished 1965
ResearchPublished 1965
This Memorandum studies potential disadvantages that must be considered whenever improved program budgeting arrangements are introduced. Progressive redesign of innovations is recommended to cut costs and increase gains. The authors note that excessive centralization could lead to loss of flexibility, neglect of alternatives, and failure to take uncertainties into account. Diversity rather than uniformity is needed in program budgeting. (Chap. 10 in D. Novick (ed.), Program Budgeting, Harvard University Press, 1965.)
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