Why is budgeting has been criticised a cumbersome process which occupy considerabe management time?

Budgeting is often criticized as a cumbersome process because it involves extensive data gathering, analysis, and forecasting, which can consume significant management time and resources. The rigidity of traditional budgeting methods can hinder flexibility and responsiveness to changing market conditions. Additionally, the complexity of aligning various departmental budgets can lead to frustration and inefficiency, diverting attention from strategic decision-making and operational execution. Overall, many organizations find that the time spent on budgeting could be better utilized in driving growth and innovation.