Zero Based Budgeting (ZBB) Training Course

Course Objectives
The main objective of this Zero-Based Budgeting (ZBB) Training Course is to empower professionals with:
• Complete knowledge and information of principles, trends and practices related to ZBB.
• Observe how ZBB affect market conditions today.
• Complete experience and knowledge of tools and techniques instrumental in successful implementation of budget.
• Understanding the principles behind best practice.
• The importance of ZBB within a strategic framework and orient how to establish budgets focused on accomplishing definite goals.
• Build a healthy budgeting process within their organization.
• Use effective variance reporting to evaluate organizational performance.
• Make use of various functions and tools that are particularly appropriate to the budgeting process.
• Experience to plan possible ways to solve current complications and overcome challenges in budgeting procedures.
• Model appropriate funding which aligns more with the goals and strategies of the organization.
Course Outline:
• What is ZBB?
• Brief history of ZBB
• Role of ZBB in current market conditions
• The myths and realities of ZBB
• Behavioural aspects of budgeting
• Setting the difficulty level of a budget
• 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)
• Advantages and disadvantages 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

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

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 11th – 14th Feb, 2025
2ND BATCH: 22nd – 25th July, 2025