Zero-base budgeting

Zero-base budgeting (ZBB)

Budgeting method that disregards the previous year's budget in setting a new budget, since circumstances may have changed. Each and every expense must be justified in this system.

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.
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In fact, we have adopted what's called a zero-base budgeting, so you start from zero and build up by justifying every single cent that you want to spend in the next financial year (2018-19).
Tight budget cuts loom as State seeks funds for Big Four agenda
Three such processes are biennial budgeting, performance-based budgeting, and zero-base budgeting.
Budgeting by priorities: Balancing stability with economic responsiveness
But Beckett also pointed to Texas' early adoption of zero-base budgeting, which, unlike traditional budgeting, has departments start at zero and then justify their spending requests.
From the Capitol Steps to the Mongolian Steppes
In the '70s, Garland embraced zero-base budgeting as a way forward, and jurisdictions today can do the same.
Zero-base budgeting: a concept whose time has come--again
Because finances vary each year, zero-base budgeting helps to achieve the optimum value from available funds from year to year.
Fiscal fundamentals: research, order and organization are required when devising an annual budget
Still, because costs can be hard to contain, many campus managers are zero-base budgeting their food operations by focusing on student needs.
Catering to the client: new-millennium universities now see their student diners as valued customers, not captive audiences
We have been presented another method of budgeting against lack of effectivity but also as a means of delegating decisions from higher to lower levels in an organization, namely zero-base budgeting.
Some Aspects of the Usefulness of Living Systems Theory in a Municipal Organization
Zero-Base Budgeting required a few (fairly simple) procedures.
'Techniques' for governance
For example, the concept of zero-base budgeting is well known to logisticians, but during the period between 1980 and 1996, no citations of this concept were found.
Applying theories from other disciplines to logistics
Back in the 1970s, Zero-base budgeting (ZBB) was very much in the news.
Synergy from A to Z, ABC to ZBB
Kaufmann and Gupta's method for zero-base budgeting used a special class of fuzzy numbers known as triangular fuzzy numbers (TFN; see appendix C for more detail).
Fuzzy set theory movement in the social sciences
The zero-base budgeting process maximizes the fact-to-guess ratio.
Dealing with dollars

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