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Granular Budgeting
A detailed approach to budgeting that breaks down allocations to the smallest units possible, allowing for precise control over spending.
Implications
A detailed approach to budgeting that breaks down the budget into small, specific components, allowing for more precise tracking and control of expenses, often used to ensure alignment with strategic objectives and improve financial accuracy.
Example
Example: A marketing department uses granular budgeting to allocate funds to specific campaigns, channels, and target demographics, enabling more accurate tracking of ROI for each component.
Related Terms
Different from traditional budgeting, which might allocate funds at a high level, granular budgeting provides a detailed breakdown, allowing for more precise financial management.
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