Activity-Based Planning and Budgeting

The Coming of Age of the "Consumption-Based" Approach - 

There is growing interest in the subject of activity-based planning. Many articles and books have condemned the annual budgeting ritual in favor of more relevant planning to support the strategic objectives of an organization. Some organizations have gone so far as to eliminate the budget completely.

Mark Stevens of PCS Consulting sheds light on these developments in this article published in the March/April 2004 issue of The Journal of Corporate Accounting & Finance.  While it has been several years since this article was published, the concepts are even more valid today and current software technology makes them more practical to implement than before.

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