Zero-Based Budgeting

Definition *

Zero-based budgeting (ZBB) is the practice of justifying budgeted expenditure in relation to the performance to be achieved, but without reference to pre-existing plans or achievements (Fopp, 1997). ZBB rests on the philosophy that all spending needs to be justified. Each part of a company starts from a zero base each year and then must justify the budget it requires (Dropkin et al., 2007). Top management should only sanction the budget when it is convinced that the proposed activities represent ‘value for money’.

* Please note this is a 'in production' concept and as such this definition is not ready to be referenced

Zero-Based Budgeting business evidence is in the process of being written by our faculty. If you want to encourage pushing up the priority of Zero-Based Budgeting, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Zero-Based Budgeting forward.

Zero-Based Budgeting business application is in the process of being written by our faculty. If you want to encourage pushing up the priority of Zero-Based Budgeting, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Zero-Based Budgeting forward.

Zero-Based Budgeting professional tools are in the process of being created by our faculty. If you want to encourage pushing up the priority of Zero-Based Budgeting, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Zero-Based Budgeting forward.

Zero-Based Budgeting further reading is in the process of being found by our faculty. If you want to encourage pushing up the priority of Zero-Based Budgeting, then please comment below, and use the share buttons on the left. The more, comments and shares the more we push the creation of Zero-Based Budgeting forward.