Zero-Based Budgeting: How it Affects Public Procurement and What You Can Do to Stay Ahead of the Curve - Euna Solutions
1 Articles
1 Articles
Zero-Based Budgeting: How it Affects Public Procurement and What You Can Do to Stay Ahead of the Curve - Euna Solutions
In recent years, many organizations have been reevaluating their approach to budgeting, and one method that has gained traction is zero-based budgeting (ZBB). Traditionally, the budgeting process has been an incremental one, where departments receive funding based on previous budgets, with adjustments made for inflation or new initiatives. Zero-based budgeting flips this model on its head by requiring teams to justify all expenses from scratch f…
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