Understanding Zero-Based Budgeting (ZBB)
Introduction to Zero-Based Budgeting Zero-based budgeting (ZBB) is a strategic financial planning method that requires building a budget from the ground up, starting from zero. Unlike traditional budgeting methods that use the previous year’s budget as a baseline and make incremental adjustments, ZBB allocates funding based solely on necessity and efficiency. Zero-based budgeting is a … Read more