zero-based budget

Tag: zero-based budget

Zero-Based Budget (ZBB)

What is a Zero Based Budget? A zero-based budget (ZBB) requires all expenses to be justified each period. Essentially, a zero based budget is when you create a budget from scratch each period. Each period, reevaluate and justify all expenses in terms of the company’s overall strategic objectives. Distinguish the zero-based budget from the traditional budget.

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