Establish vision and determine clear objectives with leadership support: First, we understand the motivation and determine the goals through interactions with key stakeholders including senior leadership. We link this vision to the company’s corporate strategy and design a tailored Zero-Based Budgeting program with clear objectives. Senior Leaders including the C-suite need to be fully engaged for the program to be successful
Establish governance model: We support companies in transitioning to a new decision-making system with increased accountability at all levels which is suitable for ZBB. We help organizations enable people through effective change management throughout the process
Prioritize Targets: We prioritize savings areas and set smart targets aligned with the company’s overall corporate strategy. The targets are used to drive initial budgeting exercise
Bottom Up Approach: We then create granular allocations from the bottom up and challenge the budget continuously. Target allocations are then integrated to get a holistic view of the budget
Monitoring Mechanism:We also help companies in setting up transparent systems for tracking costs and design efficient processes to address variances and the reallocation of funds as required
Milestone Based Execution: Once the action plan is finalized and approved by all stakeholders, we set milestones spanning people, processes and tools and follow a variance/reallocation process after each milestone is completed
Cultural Changes:Cultural change is a crucial component of ZBB implementation. We follow a proven change management methodology to establish culture of cost ownership and strong performance management to enable ZBB benefits
Interested in learning more about Valorant’s ZBB offering and how it can help your organization strategically reduce your cost base? Reach out to us now
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