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Zero Based Budgeting |
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Zero Based Budgeting A system of budgeting where each department or division of a company must justify all expenditures and allocations rather than simply increases over the previous fiscal year. That is, the budget is made with every department starting at zero dollars to spend, and each department must demonstrate need for what it wants to receive. Zero-based budgeting is advantageous because it is more detail-oriented than other forms of budgeting; among other things, it makes it easier to detect and eliminate over-inflated budgets. On the other hand, zero-based budgeting is more difficult and time consuming to put together and often has a bias toward departments that directly produce revenue instead of departments like R&D. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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ZBB was developed in the sixties as an alternative approach to address the deficiencies of incremental budgeting--in particular, the non-evaluation of existing activities. ZBB was proposed as a replacement for the standard budgeting process of balancing expenditures with revenue, wherein annual revenues and costs of existing programs were estimated. To critics, this seems merely the latest effort to further institutionalize top-down budgeting, which has developed first through PPBS and ZBB and was then brutally and brilliantly exercised by David Stockman (1986; Rauch 1985). |
ZBB |
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