Zero-Based Budgeting: How It Works and Why It’s Effective
Understanding Zero-Based Budgeting Zero-Based Budgeting (ZBB) is a budgeting methodology that requires all expenses to be justified for each new period, starting from a “zero base.” Unlike traditional budgeting approaches, which often use the previous year’s budget as a foundation and make adjustments based on prior spending, ZBB mandates that every function within an organization … Read more