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What is Zero Based Budgeting | Anamind

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Zero Based Budgeting (ZBB) is a process of budgeting which involves building a budget from scratch, taking zero as a base. Learn more about zero-based budgeting

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What is Zero Based Budgeting | Anamind

  1. 1. FAQs: What is Zero Based Budgeting Part - 4 Powerful Planning! Simplified
  2. 2. What is Zero Based Budgeting? Zero Based Budgeting (ZBB) is a process of budgeting which involves building budget from scratch, taking zero as a base. All the functions within the organisation are analysed in terms of needs and expenses and thereby funds are allocated, regardless of how much money was spent and budgeted previously.
  3. 3. In this way, every expense has to be justified on the basis of fresh evaluation, without considering expenses incurred in previous periods.
  4. 4. To understand more about the budgeting, supply chain, planning and forecasting you may join our course on same
  5. 5. “Becoming rich is hard. Staying broke is hard. Choose your hard.” - Eric Worre
  6. 6. For better understanding on planning and forecasting, you may enroll to our full training Check the next slide >>
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