The amount of money organizations spend on IT systems and services is known as IT budget. It’s also included the payments of IT experts and expenditures related to construction and care of enterprise-wide systems and services.
IT budget is basically seen/managed by the organization top executive, the CIO (Chief Information Officer). The scope and distribution of IT budget has become more complex as IT has become the center to business results and not all IT expenses are fall within the IT department.
Budgeting is a process of allocating money/resources to various IT programs. These could range from frequent expenses like hardware leases and employment to expenses dedicated to a fixed-duration projects. In some companies this is mostly an annual exercise, while other companies might demand budgets for each initiative as it rises.
A well established and presented budget should be the numeric indicator of your IT strategy that's well communicated and understood by your peers. When done right, budgets should only support what's already been understood and should get approved with negligible pushback. We are going to discuss four best practices to make your IT budget and planning process much more effective and less dependent.
Technology and processes can be learned and copied; service instead is one of the few competitive advantages that can be sustained over time. Our goal is to provide such a level of service that not only our advantage is maintained over time, but can be transferred to our customers to support them in their process of generating added value.
Carlos Corral Allari, Inc.
I enjoy sharing what I’ve learned with clients and colleagues to help them better utilize both people and technology to improve their business and productivity. I feel fortunate to be part of such an experienced and highly-skilled team that works well together, shares knowledge, and keeps our clients’ businesses running smoothly.
Ravi Madhavan Allari, Inc.