THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
THE IMPACT OF ZERO-BASED BUDGETING ON COST MANAGEMENT
The objectives of this research are to: (1) assess the effectiveness of zero-based budgeting (ZBB) in cost management, (2) identify the challenges and benefits of implementing ZBB, and (3) evaluate the impact of ZBB on organizational financial health. A survey design was chosen for its ability to capture detailed quantitative data from financial managers and budget analysts. Using Taro Yamane's formula, a sample size of 375 participants from technology firms in Enugu was determined, ensuring comprehensive insights. The technology sector was chosen for its frequent adoption of innovative budgeting practices. The reliability coefficient score of the survey was 0.87. Findings indicate that zero-based budgeting significantly improves cost management by ensuring all expenses are justified, leading to more efficient resource allocation and reduced unnecessary expenditures. Recommendations include providing extensive training on ZBB principles, integrating ZBB with overall financial planning processes, and continuously reviewing and adjusting budgets to maintain cost control.
Related Project Materials
Tax Incentive Programs and Their Effect on Job Creation in Akko LGA
Background of the Study
Tax incentive programs are critical in fostering economic development, particularly by promoting bu...
ASSESMENT OF BACTERIA FOUND IN THE NIGERIA UNIVERSITY FACILITIES AND POTENTIAL HEALTH IMPACTS
ABSTRACT
Globally, human health is under threat due to the presence of diseases caused by microorganisms such as bacteria and viruses. Ba...
Evaluating the Impact of FDI on Income Distribution in Nigeria
Background of the Study
Foreign Direct Investment (FDI) has long been recognized as a catalyst for economic development by...
The effect of digital communication on indigenous language preservation in Nigeria
Background of the study
Digital communication has transformed interactions by offering new platforms for expression and co...
An Evaluation of Constitutional Law on the Inclusion of Marginalized Groups: A Study of Jos South Local Government Area, Plateau State
Background of the Study
Social inclusion is a fundamental principle of democracy and human righ...
The effect of small arms proliferation on communal clashes in Zangon Kataf Local Government Area, Kaduna State.
Chapter One: Introduction
1.1 Background of the Study
The proliferation of small arms and light...
An examination of the interplay between language and political identity in Tiv communities in Benue
Background of the study
Language is a core component of political identity, serving as a marker of herita...
CAUSES AND PREVENTION OF HAZARDS IN THE FOOD PREPARATION AREA
BACKGROUND OF THE STUDY
Occupation hazards constitute a major threat to an activ...
RELATIONSHIP BETWEEN DRUG ABUSE AND THE TONE OF DISCIPLINE IN AMAIGBO
ABSTRACT
This project work focused on the Relationship between drug abuse and the tone of discipline in...
CONSERVATIVE PRACTICES OF INFORMATION RESOURCES BY LIBRARIES FOR ENHANCED COLLECTION USEFULNESS IN UNIVERSITY LIBRARIES IN ENUGU STATE
-
- Background of the Study
