Which budget framework prepares financial projections from scratch for every new period, requiring all expenses to be justified regardless of past budgets?

Explanation

• Zero-Based Budgeting (ZBB) requires every manager to justify all budget allocation requests from zero baseline each new planning cycle.
• Traditional Incremental Budgeting simply adjusts prior period budgets up or down by small percentages.
• ZBB eliminates budget inefficiencies and wasteful operational spending, though it demands significant administrative effort.