Bang for your Buck – maximising your IT budget
Date:
By: Paul Beauchamp and Cedric Harding
Classification: Spotlight
Maximising the IT budget is one of the top
pressures facing IT Directors today.
Irrespective of size, many organisations that
have strong financial controls continually find
controlling IT expenditure particularly
problematic. Investment in IT is one of the
largest elements of expenditure that an
organisation has. Company boards are under
continual pressure to reduce the overhead of
maintaining the IT infrastructure, a cost that
can account for as much as 70%* of the total
IT budget. * Based on surveys by Butler Group,
Quocirca, and Forrester.
Clearly the overall responsibility for managing
the IT budget and expenditure lies with the IT
Director. However, most organisations do not
recognise the significant knowledge and effort
required to maximise the savings potential
and drive business value in the IT and
technology areas.
This white paper discusses why IT is different,
what can be done to address the issues facing
IT Directors when challenged with maximising
the IT budget and provides an alternative
concept to the traditional models of managing
IT budgets and controlling IT costs.