Budget Reduction Strategy: Achieving Ten Percent Cuts

4 PAGES

Assessment 4: Instructions

Complete a proposal for a scenario where you need to develop a strategy to reduce the overall budget by 10 percent.

1)    Explains reducing each line item by 10 percent. Ensures the explanation includes supporting evidence from authoritative and scholarly sources and why this is the best approach.

2)    Explains selecting specific line items to reduce by 10 percent. Ensures the explanation includes supporting evidence from authoritative and scholarly sources and why this is the best approach.

3)    Explains putting a freeze on all hiring, training, travel, and purchasing. Ensures the explanation includes supporting evidence from authoritative and scholarly sources and why this is the best approach.

4)    Recommends a strategy to reduce operating budget due to shortfalls in an organization’s financial performance. Ensures the strategy illustrates sustainability of organizational effectiveness.

5)    Explains how the operating budget aligns with an organization’s target profit margin and strategic direction. Ensures the explanation includes supporting evidence from authoritative and scholarly sources.

6)    Writes a clear, logical, and succinct, and error-free operating budget proposal. Supports key ideas with relevant evidence.

7)    Formats citations and references with no errors.

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