Identify a method of budgeting and differentiate its merits and deficiencies. Discuss how you would defend your security department’s budget to upper management. 

Zero-Based Budgeting (ZBB), a method that allows budgeting to be done from scratch, is an option. It is a way to create a new budget each year, rather than making changes to existing ones. This provides greater flexibility and ensures spending decisions can be made based upon current business demands, rather than on past or expected practices.

The key benefit of this method is the ability to identify costs and save money by eliminating unneeded or redundant activities. While maintaining high performance, it also helps you reduce your expenses. It encourages leaders to be creative when trying to find new methods of accomplishing tasks that could lead to increased efficiency within their organization.

ZBB is a time-consuming and meticulously planned process that requires considerable effort. Some companies may find this difficult. Management teams often lack clarity about how budgets should evaluate or be approved, making it hard to hold them accountable for not meeting targets.

To defend my security department’s budget I would start by presenting clear evidence demonstrating the value that our services provide for the company such as improved compliance with regulations; reduced risk of cyber attacks; and protection against potential fraud amongst others. In addition, investing in security measures that are more effective now can save you money later on due to lower costs associated with costly lawsuits or data breaches. This would allow upper management to better understand why the security department requires adequate funding.