Zero-Based Budgeting Training

Zero-based Budgeting Training

About the Program

As organizations face shifting customer prospects, macro-economic turmoil, & technological revolution, business decisions can become more complex & consequential. Hence, zero-based budgeting becomes the ideal solution. It helps implant a growth mindset that is based on value and not cost. Simply, ZBB is an important device as it drives innovation, clarifies how to invest where it matters, & shifts your culture to have a growth mentality.

Undertaking this program will provide you with the essential information, skill, capability, and experience to be able to play an important role in modern cost structure and enable you to enter a new era of decision-making mechanism.

This program will teach you about the entire ZBB process from start to the-end, including how to create a controlled philosophy of budgeting in your organization, techniques to analyse results, and how to increase the chances of organizational performance perfections.

By the end of this training, the participants will be able to understand about:

1. A complete knowledge and information of principles, trends and practices related to ZBB.
2. Observation of how ZBB affects market conditions today.
3. Complete experience and knowledge of tools and techniques instrumental in successful implementation of budget
4. Understanding of the principles behind best practice
5. The importance of ZBB within a strategic framework and orient how to establish budgets focused on accomplishing definite goals
6. Information to build a healthy budgeting process within their organization
7. Effective variance reporting to evaluate organizational performance
8. Various functions and tools that are particularly appropriate to the budgeting process
9. Experience in planning possible ways to solve current complications and overcome challenges in budgeting procedures
10. Model appropriate funding which aligns more with the goals and strategies of the organization.

Target Audience

• Professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc.
• Audit and Compliance officers.
• Any other personnel who can contribute to overall improvement in the budgetary controls of the organizations.

Training Period

• Classroom: 5 Days
• Online: 7 Days

Modules

Module 1: Overview of ZBB

• What is ZBB?
• Brief history of ZBB.
• Role of ZBB in current market conditions.
• The myths and realities of ZBB.
• Behavioral aspects of budgeting.
• Setting the difficulty level of a budget.

Module 2: Reviewing ZBB

• Budgeting and participation.
• Feedback control and feedforward control.
• Difference between ZBB and traditional budgeting.
• Possible alternatives to ZBB (Top-down vs bottom-up budgeting, Incremental budgeting, Rolling budgets, Activity-based budgeting, and Feed-forward control).

Module 3: Basic Process of ZBB

• Pros and Cons of ZBB.
• Basic process flow under ZBB.
• Budgets that are tied to specific activities and levels of service.
• Funding is targeted more to activities that align with the strategy.

Module 4: Evaluating ZBB in Organizations

• Manage spending through cuts or increases which are not spread equally across the budget.
• Completing a ZBB.
• Challenges and risks of ZBB.
• Assess suitability of ZBB in an organization.

Module 5: Exploring the Budgetary System

• Changing the budgetary system.
• Dealing with uncertainty in budgeting.
• Beyond Budgeting Model.
• Budget Reporting.

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion