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Zero based budgeting
It's important to note that this processes makes you start from scratch.
It's can bring significant changes to organisation programs and affect some employees.
Zero based budgeting is important but usually undesirable by most teams
However it may be expensive especially where experts and external consultants are hired. -
Zero based budgeting in this process the whole organization is reconsidered for a new budgeting plan. A whole new budgeting plan is used rather than the previous year budgeting plan.
The main purpose is to determine a good way for your organization to spend.
