budget

This video from Info-Tech describes why and how IT must continue to aggressively reduce the funds allocated to ongoing support if it hopes to make progress on leveraging the opportunities provided by new technology.

Enterprises buckling down on spending will target projects and freeze hiring, but for many IT departments the cuts won't stop there. To avoid debilitating hatchet-like cuts, IT must learn to manage service levels and communicate the consequences of IT budget decreases on business services.

The implementation of a just-in-time (JIT) budget gives companies flexibility in volatile economic conditions. With unstable revenue streams, making a long term (8 months+) IT budget is almost impossible and distracts management. A JIT budget process provides companies with a clear and functional budget.

By implementing the JIT process, IT managers will be able to use budgets that can be altered quickly in response to negative changes in the external environment. To read more, click the link below...