Zero-Based Budgeting: A practical understanding
South Africa’s uncertain future is motivating private and public sector managers to take a closer look at costs. An old idea from the 1970s has re-emerged right on cue. Zero-based budgeting (ZBB) asks managers to question each line-item in their budgets, and the related activity, from scratch. ZBB supporters dispute the merits of traditional budgeting,…
Details