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Deciphering the IT Budgeting Process

The IT budget has always been an issue for companies to deal with. Between being trimmed back and barely being able to scrape up the cash for the daily grind, IT can’t seem to catch a break when it comes to their budget. But there are some ways to go about the budgeting process that can be to your advantage. In an article for ZDNet, Patrick Gray explains what you can do to make the budget work for you.

Getting Budget Nailed Down

Sometimes there’s an extreme disconnect between what a company talks about doing and what they wind up doing in the end. This can happen for a number of reasons, but there are four main ones that tend to cause the bulk of the delays. The first is that the area is important enough to be talked about, but isn’t enough of a priority to have anything done about it. Another thing that may be affecting the funding gap is that the organization as a whole may need some more time to develop. You can’t bring innovation to the table if your basic needs aren’t being met. The third thing that Gray mentions is that a stakeholder may be fully supportive of an initiative, but lacking in understanding how much can be benefited from it. The final one is lack of confidence in the initiative, which can be affected by the track records regarding this change.

If other departments are upgrading several times over and you’re still being told there isn’t room in the budget for what you’re proposing, one of the issues above could be to blame. But once identified, you can figure out how to structure your argument:

If there’s a lack of confidence in the organization’s ability to execute successfully, perhaps partnering with a vendor will mitigate that concern. If there’s a gap between what’s been stated and funding–a frequent occurrence around budgetary items like security and employee tools–discussions can uncover the true organizational priorities and either highlight the mismatch or aid your future planning.

A dramatic mismatch between your proposed budget and what the organization is willing to fund could indicate a troubling gap between IT’s priorities and the rest of the company, providing an early indicator of the need for some significant discussions and mitigations.

Realize that the IT department and the rest of the organization need to be on the same page in order to create meaningful change. You can view the original article here: http://www.zdnet.com/article/using-the-it-budgeting-process-to-your-advantage/

About Austin J. Gruver

Austin is a Staff Writer for AITS. He has a background in professional writing from York College.

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