Question 2 A project team is in the process of developing an approximation of the monetary resources needed to complete project work for a large-scale multinational project. Previous projects of this nature have been plagued with cost overruns and the Project Manager has decided to take a different approach to develop the budget for the current project. He has decided to use the Zero-based budgeting approach.

A. Critically assess the value of using this approach (Zero-based budgeting), as against other approaches, in developing the budget for this project. (16 marks)

B. Briefly outline TWO (2) aims of Zero-based budgeting. (4 marks)