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In a tough economy, every budget is subject to close scrutiny. Info~Tech Research Group suggests nine key tactics in getting a budget approved, including separating "need to have" and "nice-to-have" initiatives.
IT plays an integral and ubiquitous role in business operations and represents, on average across industries, 6 percent of revenue. So during times of financial pressure or economic downturn, the IT budget will undergo significant scrutiny in efforts to reduce company expenditures.
IT leaders in companies that will be affected by economic pressures will have a tough job maintaining budgets in 2008 and finalizing budgets for 2009. Info-Tech suggests nine recommendations for preparing and communicating a winning budget.
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