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.

Training at Solid State Training is delivered in various formats, customized to the training content, trainee or trainee group background, etc. The course content is delivered through presentations and discussions by the trainer, who also encourages questions and experience sharing at relevant time points during the course delivery in order to foster two-way participation. There are case studies, role-plays and group competitions and assignments that further help bring about variation and garner interests for the topic. The course follows Solid State Training Do–Review–Learn–Apply Model.

Professionals attending the Zero-Based Budgeting (ZBB) Training Course, the organization will benefit in the following ways:

• The final output is well justified and is aligned with the company’s overall business strategy, or business plan.
• Encourages more collaboration throughout the company.
• Improves performance and operating efficiency by challenging assumptions and examining expenditures.
• By avoiding traditional budgeting percentage increases, there is a significantly better chance of being able to make cost reductions.
• Promote the careful planning culture at all level of the organization.
• Finance manager gives a clear picture about the extent of finance available and the consequences of raising the finance.
• It forces the management executives at all levels for active participation in budgeting process, results increasing the motivational level.
• ZBB provides an opportunity to realign a company’s profit-and-loss statement with its strategic priorities whether by operating with a smaller cost base or by redirecting spending to more productive investments.
• The structural and cultural elements of ZBB help to guide organizations and their management.

Participants will gain the essential information, skill, capability and experience to be able to play an important role in modern cost structure and enable them to enter into a new era of decision-making mechanism. They will learn to adopt a disciplined style to developing budgets, forecast results, and use variance analysis to track performance.