ZBB can be a virtual device: driving innovation, clarifying how to invest where it matters, and, most importantly, shifting culture to a growth mentality. This course will help you understand the need for ZBB and the necessary steps to successfully introduce ZBB in any organisation. This course will provide you with the essential information, skill, capability and experience to play an important role in modern cost structure and enable you to enter a new era of decision-making mechanisms. This course will teach you about the entire ZBB process from start to end, including how to create a controlled budgeting philosophy in your organisation, techniques to analyse results, and how to increase the chances of organisational performance perfection. This interactive course also allows participants to adopt a disciplined style to developing budgets, forecast results, and use variance analysis to track performance and presentation of results.

• Why the need for Change?

  • Enhance your ability to identify the strategic rationale for change
  • Understand the nature of change from strategic to personal levels

   How to create the right conditions for Successful Change

  • Learn how your organisation’s culture can impact on change
  • The importance of understanding the framework that will help implement change
  • Employ the change kaleidoscope to identify the key elements in defining context
  • Use stakeholder mapping to appreciate who will be affected by the change and what action to take

  How to decide on a Suitable Change Approach

  • Avoid pitfalls and produce balanced plans for organisational change
  • Use the change cycle to maximise your success
  • Uncover the enablers and constraints within your change

   How to select the appropriate strategy for Implementation

  • The type of change to be introduced and the implications
  • Choose the best managing style for every aspect of change
  • Change start points: top-down, bottom-up or pilot sites
  • Agreeing change targets and objectives
  • Clarify the role of leaders and other change agents
  • Identify the skills and qualities of effective change agents
  • Use the change curve to overcome individual barriers to change
  • Prepare motivational communication plans

   Monitor Progress and Maintain Momentum

  • How to use appropriate measures to monitor and review the progress and results of change
  • Identify the techniques that drive change forward and avoiding a return to the past

•  At the end of the course, participants will be able to

  • Observe how ZBB affect market conditions today

  . • Complete experience and knowledge of tools and techniques instrumental in successfully implementing the budget.

  • Understanding the principles behind best practices.
  • The importance of ZBB within a strategic framework and how to establish budgets focused on accomplishing definite goals.
  • Build a healthy budgeting process within their organisation.
  • Use effective variance reporting to evaluate organisational performance.
  • Make use of various functions and tools that are particularly appropriate to the budgeting process. • Experience in planning 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 organisation.

This course will benefit This course is designed for those who are responsible for financial management, budgeting, and forecasting within their organisations. This may include professionals working in financial planning and analysis (FP&A), accounting, treasury, financial reporting, corporate development, etc. The course will also benefit Auditors and compliance officials responsible for ensuring transparency and integrity of all costing information and facts reported by organisations. Setting up ZBB would involve a great deal of openness to the management reporting structure.