Advantages of Zero-based Budgeting over Traditional Based

PERSONAL RESOURCING AND DEVELOPMENT
[Document subtitle]
[DATE]
[Company address]

Executive Summary
Budgeting refers top spending plan that is very essential for keeping the business on track.
Budgeting helps the business to keep control over cost and expenditures. Business identifies the
variances using budgeting and take corrective measures according. There are many types of budget
developed after the traditional budgeting to overcomes the defaults existing in the budget. Newer
budgets have helped the businesses to have more accurate and reliable results.
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Table of Contents
Executive Summary...............................................................................................................................1
1. Introduction....................................................................................................................................3
2. Zero Based Budgeting....................................................................................................................4
2.1 Zero-based budgeting..................................................................................................................4
2.2 Advantages of Zero-based budgeting over Traditional Based......................................................4
2.3 How the Organisation Might introduce Zero-based Budgeting....................................................4
3. Conclusion.....................................................................................................................................5
4. Reference List................................................................................................................................6
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