‫Zero based budgeting as an approach to be utilized if your company or department has homed in on decreasing
‫spending, you're seeking a new approach to align with a company's new way of thinking.
‫Zero based budgeting can be a great strategy to ensure the company's resources are being managed effectively
‫and can make an impact on the company's bottom line if implemented under the right approach.
‫Assuming companies have alignment from employees and there's company communication on the new vision
‫and priorities from a financial standpoint. Having an initial thought of the high level budget is a
‫great place to start
‫alongside conversations with your potential stakeholders for the upcoming project. In this activity,
‫you're able to answer yes or no questions using a decision tree to determine if zero based budgeting
‫may work for you. To get started, download the decision tree and answer each question as best you can.
‫At the end, you will end up with a yes or no answer if ZBB is right for your project.
‫Please note this is not the end all, be all.
‫There are very intricate details when discussing budgeting styles, so this is for a real scenario for
‫your job.
‫Be sure to discuss and align with your leaders on the appropriate budgeting concept.