Because IT is sufficiently unique that its budget doesn't fit comfortably into universal general ledger accounts that aggregate costs under common codes, accounting for IT involves more than capital and operational costs.
- An IT budget should be a numeric representation of the IT strategy and objectives that are well understood by the organization’s executives.
Features and Benefits
- An IT budgeting model can enable CIOs to get funding for "difficult" IT initiatives like compliance, infrastructure and "IT for IT" projects
- An IT budgeting model can improve understanding and executive decisions about the financing of IT
Key questions answered
- How do I get difficult IT initiatives funded?
- How do I justify compliance projects?
- How do I show exactly where IT spend will be allocated throughout the business?
Table of contents
Recommendations for enterprises
Recommendations for vendors
The discipline of IT budgeting
The IT budgeting status quo
The real purpose of an IT budget
A meaningful IT budget has organizational context and implications
A new IT budgeting model
The basic components of the model
Using the budgeting model
Budgeting for IT and the organization