priority-based budgeting

priority-based budgeting

a management accounting technique that seeks to improve profitability by requiring managers to reassess their activities and determine priorities. Priority-based BUDGETING aims to reduce costs and channel company resources into high-priority areas of the business.
References in periodicals archive ?
As part of the priority-based budgeting options under consideration, Active Stirling will lose PS30,000 of funding in the 12 months from April this year, and PS100,000 in each of the four financial years which follow.
Work Session: Community Development Advisory Committee, interviews; Historic Commission interviews; priority-based budgeting outcomes result maps.
The City of Redmond, Washington, uses priority-based budgeting, which requires a lot of organizational energy--meaning the process starts early in the year and involves a lot of city staff as well as community input.
As governments search for ways to operate within these new normals, a growing number of them are finding their way into some form of priority-based budgeting (PBB).
More importantly, we think the council finally understands the importance of priority-based budgeting and that the public is demanding more in the way of public safety.
Dear Editor, I write having read the coverage in the Observer (January 24, 2018) of the Priority-Based Budgeting Proposals from Stirling Council which concern the Smith Art Gallery and Museum.
Work session: Community Development Advisory Committee interviews; Historic Commission interviews; priority-based budgeting outcomes result maps.
Budgeting methods like target-based budgeting, priority-based budgeting, and budgeting for outcomes ask decision makers to "go shopping" for programs or services that will do the most to further the organization's objectives.
NEHA is also planning a pre-conference workshop on priority-based budgeting, which will be of great interest to those of us who plan and implement environmental health budgets.
Cities as diverse as Boulder, Colorado; San Jose, California; and Blue Ash, Ohio, have used priority-based budgeting to make decisions about which services they will continue to offer and at what level, using community input about priorities and needs--a well-formed process includes stakeholder input.
It's called priority-based budgeting and, in a nutshell, it has to do with looking at all elements of an operation, whether in government, corporations, small business, or academia, and prioritizing each of those internal elements.