Assignment task: Zero-based budgeting is intended to optimize the allocation of resources in an organization. The following video describes this approach:
What is Zero-based Budgeting?
Zero-based budgeting is a unique technique for budgeting. It may work for some organizations but not for others.
Analysis of the zero-based approach to budgeting. Include the following in your analysis:
- Define zero-based budgeting
- Provide a list of advantages and disadvantages
- Compare zero-based budgeting with other budgeting techniques
- Discuss the development of a decision package for existing and new programs and the ranking process
- Identify an organization and discuss how the entity might use this approach effectively