In every operation there is an above the line and a below the line. Above the line is what you do by the book. Below the line is how you do the job.
“I don’t get it,” one manager complained to another. “No matter how carefully I budget, my projects always run over. Even when I add a little extra, it gets used up.”
The other manager responded, “Maybe you should get out of the business world and go into politics.”
If budgeting at any level mystifies and frustrates you, you’re in good company. But remember, a budget is only an estimate, and you impose too high a standard on yourself if you expect actual results to match your estimates. The budget is only one of many management tools that ...