In this article, we will explore the concepts of Zero-Based Budgeting and Zero-Based FP&A. The word “Budget” is not associated with flexibility and dynamics. Zero-Based Budgeting has started to be evolved to “Zero-Based Everything”:
Zero-Based Budgeting (ZBB) has been around for a while but not all organisations use it. In this article, I present a high-level overview of ZBB implementation and give some considerations.
At the third FP&A Board Connect, Lukas Herbert shared a business case study on Zero-Based Budgeting (ZBB).
At the second FP&A Boar Connect, Paul Harris, Experienced Commercial Finance Director and a member of the London FP&A Board, shared his extensive Zero-Based Budgeting (ZBB) experience with us.
The sixth meeting of the Boston FP&A Board was held on February 27, 2020, to address a popular subject of Zero-Based Budgeting (ZBB). What is new in ZBB of the 21st century? How can it be useful for addressing the challenges of traditional budgeting culture
A budget expresses thoughts with numbers. Numbers can be financial like income and cash flow or non-financial like time and volume. Expressing thoughts with financial and non-financial numbers can be done through a variety of methods. One method is zero based budgeting which like all methods has strengths and weaknesses. The purpose of this article is to examine the strengths and weaknesses of zero based budgeting.