‫When seeking to align your company of projects with a zero based budgeting strategy, it's best to keep
‫in mind the main principles or best practices in order to be successful and zero based budgeting. Communication,
‫the vision and new financial approach should be shared with all employees, not only the leaders in
‫the company. Honing in on the micro sessions by regions or departments to help employees understand the
‫company's goals and timelines to adopt the new approach helps with the buy in approval and the success
‫rate.
‫The approach beyond financials alongside implementing a zero based budgeting strategy.
‫Companies must look at other factors which can reduce costs along the way.
‫Some of the major companies who have used zero based budgeting not only shut down locations, but they
‫also sought after digital technology to increase efficiency.
‫This can have an impact on the number of employees and resources used internally and externally.
‫Identifying the low hanging fruit.
‫Locating the quick win is a great place to start with, introducing a new strategy which projects are
‫up for renewal and have had trouble with their budgets in the past.
‫Think about ways to round up and train a team on the new approach may be able to implement and showcase
‫improved metrics.