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Zero-Based Budgeting - A Proven Approach to Cost Management

Gain a better understanding of zero-based budgeting and find out if it is the right fit for your company.

Many businesses today are facing increasingly challenging competitive environments and are suffering from uncompetitive or unresponsive cost structures that no longer respond to traditional cost management techniques. These companies are increasingly turning to zero-based budgeting (ZBB) to better manage costs and to unlock the ownership culture required to succeed. This topic will provide you with a rich understanding of ZBB, a proven cost and culture changing tool, explain how ZBB unlocks value within an organization, and describe what is required to successfully implement ZBB in your organization.

88 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Zero-Based Budgeting?

  • ZBB vs. Traditional Cost Management
  • Results Track Record
  • Debunking the Myths

How Does ZBB Unlock Value?

  • ZBB Tools and Enablers
  • Performance Management
  • Organizational Engagement and Ownership Culture

What Are the Challenges of Successfully Implementing ZBB?

  • Lessons Learned From Past Implementations
  • Tuning the Dials for Your Organization
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on April 9, 2021.

Call 1-866-352-9540 for further credit information.

  • AIPB 1.5
     
  • This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • ISM 1.25
     
  • Participants who successfully complete this program will receive 1.25 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David Feierstein

David Feierstein

Ronin Equity Partners

  • Co-founder and managing partner of Ronin Equity Partners, overseeing both the investment and execution services of the business
  • Before he formed Ronin, he was the head of the Transformation Office at Diversey, the second largest industrial cleaning business in the world, joining the team as part of its purchase by Bain Capital; he oversaw the value creation of the transaction in cost management, organizational excellence, and cash flow optimization
  • Prior to Diversey, he led the Transformation Office at NCR Corporation, a provider of hardware, software, and technology services to the financial sector, coming on board through Blackstone’s investment in the business; his time at NCR was preceded by his tenure leading global zero-based budgeting, capital investment, and working capital at Heinz and Kraft Heinz as part of 3G Capital and Berkshire Hathaway’s purchase of these businesses
  • Instrumental in the Kraft integration and Heinz transformation, delivering $2.0 billion in cost savings during his time there
  • Previously worked at Goldman Sachs Capital Partners, the private equity arm of Goldman Sachs, and began his career at J.P. Morgan’s Investment Bank in the Merger & Acquisitions and Natural Resources groups
  • Continues to serve as an advisor to Fortune 500 companies, senior executives, private equity firms and investors on the topic of zero-based budgeting and business transformation in the areas of finance, IT, HR organizational design and commercial pricing
  • B.A. degree in corporate finance and accounting, salutatorian and summa cum laude, Bentley University
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 408338
Published 2021
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