article thumbnail

Zero-Based Budgeting Is Not a Wonder Diet for Companies

Harvard Business Review

Zero-based budgeting (ZBB) is elegantly logical: Expenses must be justified for each new budget period based on demonstrable needs and costs, as opposed to the more common method of using last year’s budget as your starting point, then adjusting up or down. We believe the exact opposite to be true.

article thumbnail

Why Can't a CIO Be More Like a CFO?

Harvard Business Review

Patchwork attempts to mitigate or repair our broken information management processes do not get to the core of the issue. If the prospect of tackling the legacy problem is daunting, consider another finance-inspired concept: zero-based budgeting. It is ultimately up to each of us to make a difference.

CIO 8