Definition: ZBB stands for "Zero-Based Budgeting," which is a budgeting method where all expenses must be justified for each new period, starting from a “zero base.” It is a financial management tool used to help organizations allocate resources effectively.
Usage: ZBB is primarily used in business and finance contexts, particularly among managers and financial analysts. The frequency of use varies but tends to be more common in written contexts, such as reports and financial documents, rather than in spoken language.
Last quarter, we implemented ZBB to assess our departmental budgets more effectively.
Translation: В прошлом квартале мы внедрили нулевое бюджетирование, чтобы более эффективно оценить наши departmental budgets.
With ZBB, every department must provide a rationale for their budget requests.
Translation: С использованием нулевого бюджетирования каждое подразделение должно обосновать свои бюджетные запросы.
Adopting ZBB helped the company reduce unnecessary expenditures significantly.
Translation: Принятие нулевого бюджетирования помогло компании значительно сократить ненужные расходы.
ZBB as an abbreviation does not commonly appear in idiomatic expressions. However, it can be discussed in contexts concerning budgeting and financial management. Here are some phrases that relate to budgeting and financial evaluations:
"On a tight budget" can describe the state of working within the constraints of a limited budget.
Translation: "С ограниченным бюджетом" может описывать ситуацию работы в рамках ограниченного бюджета.
"Budget trimming" refers to the process of reducing expenses.
Translation: "Сокращение бюджета" относится к процессу сокращения расходов.
"Balance the books" means to ensure that financial records are accurate and balanced.
Translation: "Свести книги" означает убедиться, что финансовые записи точны и сбалансированы.
The term "Zero-Based Budgeting" originated in the 1960s and gained prominence through the work of Peter Pyhrr, who introduced it as a budgeting method for organizations. It represents a shift from traditional budgeting practices and emphasizes justifying every expense.
Synonyms: - Activity-based costing (ABC) - Incremental budgeting (opposite concept)
Antonyms: - Traditional budgeting - Incremental budgeting
ZBB serves as an important concept in modern financial management, promoting efficient resource allocation and financial accountability.