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‫Zero based budgeting as an approach to be utilized if your company or department has homed in on decreasing

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‫spending, you're seeking a new approach to align with a company's new way of thinking.

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‫Zero based budgeting can be a great strategy to ensure the company's resources are being managed effectively

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‫and can make an impact on the company's bottom line if implemented under the right approach.

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‫Assuming companies have alignment from employees and there's company communication on the new vision

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‫and priorities from a financial standpoint. Having an initial thought of the high level budget is a

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‫great place to start

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‫alongside conversations with your potential stakeholders for the upcoming project. In this activity,

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‫you're able to answer yes or no questions using a decision tree to determine if zero based budgeting

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‫may work for you. To get started, download the decision tree and answer each question as best you can.

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‫At the end, you will end up with a yes or no answer if ZBB is right for your project.

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‫Please note this is not the end all, be all.

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‫There are very intricate details when discussing budgeting styles, so this is for a real scenario for

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‫your job.

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‫Be sure to discuss and align with your leaders on the appropriate budgeting concept.