ERIC Number: ED192634
Record Type: RIE
Publication Date: 1980-Jul-15
Reference Count: 0
A Capsule Look at Zero-Base Budgeting.
Griffin, William A., Jr.
Weaknesses of the traditional incremental budgeting approach are considered as background to indicate the need for a new system of budgeting in educational institutions, and a step-by-step description of zero-based budgeting (ZBB) is presented. Proposed advantages of ZBB include the following: better staff morale due to a budget that is open and justified; decision packages conveying an understanding of the whole operation; better job satisfaction; and hopefully less turnover of valued personnel. The major disadvantages of ZBB include: much paper work and time must be devoted to the effective use of the system; the system may not improve the organization; and the decision packages are hard to develop and ranking is difficult. It is suggested that ZBB be used every four or five years. (Author/SW)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Identifiers: Zero Base Budgeting