Management should ask hard question about the budget preparation.
They should challenge any documents proposing new activities because the are ultimately responsible for the fiscal health of the organization.
Once everyone has agreed upon the budget and the activities to be supported, the budget should be approved.
Budget agreement is very important because success depends upon everyone working together to ensure its success.
If part of the management team attempts to continue with a program that has been cut, it makes it difficult for the other activities to continue.
Nonetheless, the last step gives the budget process some flexibility.