A Brief History of Budgeting: Reflections on Beyond Budgeting, Its Link to Performance Management and Its Appropriateness for Software Development

Continuous software engineering: A roadmap and agenda

“…Another related trend is that of Beyond Budgeting, an innovation with its roots in management accounting (Bogsnes, 2008;Lohan, 2013). The Beyond Budgeting trend started when the "Beyond Budgeting Round Table" (BBRT) of the Consortium for Advanced Manufacturing International (CAM-I) was founded in 1998 by Hope and Fraser, and was formalized in their book (Hope and Fraser, 2003).…”

“…The Beyond Budgeting trend started when the "Beyond Budgeting Round Table" (BBRT) of the Consortium for Advanced Manufacturing International (CAM-I) was founded in 1998 by Hope and Fraser, and was formalized in their book (Hope and Fraser, 2003). The Beyond Budgeting school of thinking seeks improvements over traditional budgeting approaches, which tend to be annual timeconsuming activities, resulting in rigid budget plans that reinforce departmental barriers (Lohan, 2013). Budgets serve different uses in organizations, including performance management and evaluation, strategy implementation and formation (Lohan, 2013).…”

“…The Beyond Budgeting school of thinking seeks improvements over traditional budgeting approaches, which tend to be annual timeconsuming activities, resulting in rigid budget plans that reinforce departmental barriers (Lohan, 2013). Budgets serve different uses in organizations, including performance management and evaluation, strategy implementation and formation (Lohan, 2013).…”

Budget Formation and Implementation In Ukrainian Companies: Empirical Study

“…To eliminate the criticism and disadvantages of traditional budgeting researchers (Goode and Malik, 2011;Pietrzak, 2013;Lohan, 2013;Margison, 2013;Samudrage, 2014 and others) consider that there is a need for alternative solutions and budgeting methods designed to adapt to the new environmental conditions, market developments, technical progress, growing competition, customer orientation. Authors note that over the years it has claimed, that traditional budgeting has lost relevance with the modern business environment and is no longer satisfying the needs of managers.…”

“…The authors, who wrote most exhaustive scientific works that are analysing the issues of budget creation and adjustment, are the following: Welsch et al (1988); Hofstede (1998); Rasmussen and Eichorn (2000); Shchiborsch (2001); Rasmussen et al (2003); Fraser (2003a, 2003b); Lalli (2003); Afanasjev (2004); Bhimani et al (2008); Shim and Siegel (2008); Becker et al (2010); Smirnova and Smirnov (2010); Needles et al (2011); Gaižauskas and Skyrius (2012); Lohan (2013); Sekhar and Rajagopalan (2013); Tamulevičienė and Subačienė (2013); Becker (2014); Drury (2015). All of the mentioned authors had mostly researched the theoretical aspects of budget formation, but there are only a few scientific researches in which the applying of budgets in practice are revealed.…”