ZBB is Zero Based Budgeting. it is a method is budgeting in which all expense must be justified for each new period. ZBB starts from "Zero - Base" and every function within an organisation is analyzed for its need and cost. Budget are then build around what is needed for upcoming period, regardless of whether the budget is higher or lower than the previous one. Because it is detail oriented it may be rolling process done over several years, with only few functional area reviewed at a time by manager or group leadership.
May 18 2014 09:03 AM
In India ZBB was implemented in science and technology in 1983.
ZBB was emphasized in the 7th five year plan(1988-93)
Tried to implement ZBB in Defense Ministry.
ZBB was best implemented in Indian Railway.