Weatherhead's Timothy Fogarty on zero-based budgeting

Key things to know about zero-based budgeting

WalletHub: Timothy Fogarty, professor of accountancy at Weatherhead School of Management, noted that zero-based budgeting is assigning every dollar a purpose, but warned it only works for organizations ready for real change. He said it fails in rigid, political, or status-quo-driven environments and requires genuine follow-through—not a box-checking exercise.